For the existence of the enterprise and its effective activity develop a business plan. The essence of this plan is a detailed description of all actions that lead to certain results. Namely, the result in the form of financial returns. A business plan is a document that describes all the main aspects of business activity, analyzes all the problems that a manager may encounter and the search for solutions to these problems.
A business plan allows you to more clearly identify the motives and goals of the business; formulate the concept of the company; form an idea of all the possibilities and limitations of the market; to form an idea of the target audience that they are going to serve. Also, the business plan allows you to determine which products should be offered to customers and make you pay attention to the money invested in the business. You need the best persons for this job and Go4rex gives you the best support in this.
Therefore, the business plan is presented as follows:
- Executive summary;
- General description of the company;
- Products and services;
- Production plan;
- management and organization;
- Financial plan;
- Risk assessment;
Financial planning is experiencing its next rebirth, and this is an urgent need. The role and importance of financial planning in the life of organizations almost disappeared when the methods of socialist planning no longer corresponded to the new economic conditions, that is, during the transition to a market economy. But it soon became clear to everyone that without planning it is impossible to effectively build and manage economic activity. Methods and methods of planning should correspond to the realities of the present, and not copy the experience of foreign countries. In other words, the methods and techniques of planning should contain both the new and the old.
The financial plan is an important part of the business plan, in which the analysis of the monetary situation of the enterprise for the current period is carried out.
Financial planning is the process of establishing the correspondence between the availability of financial resources of an organization, determining the need for them, as well as the choice of sources for the formation of financial resources and effective options for their use.
This planning is necessary in order to provide the necessary financial resources for the financial, production and investment activities of the enterprise. It allows you to establish rational relations with the budget, serving banks and investors, as well as to identify on-farm reserves, an increase in profits through the economic use of funds.
Financial planning is that it embodies the developed strategic goals in the form of specific financial indicators, and also serves as a tool for obtaining external financing.