For all these reasons, a company's financial planning is included in the business's strategic plan and helps you do the math to know what you have to do to achieve the goals you have previously set.
Business financial planning step by step
Now that you know what financial planning is for and what its purpose is, you will now learn step by step how to carry out proper financial planning for your business.
1. Analysis of philippines business email list the current situation of your business
Before you start thinking about future money, you have to start from a current starting point.
That is to say
You need to find out and collect the following data:
Income: of any type, whether from sales, rentals, interest on financial products… Everything that comes into the cash register.
Expenses: Just like income, you must take into account all expenses, both fixed and variable, that your business has (don't forget about commissions and banking and financial expenses in general).
List of assets and their age: Analyze the assets (real estate and furniture) that your business has, and write them down along with their age, to know if they have already been depreciated or if they still have several years left.
