The four steps of personal financial planning are:
1) Assess the situation
Clarifying and prioritising goals, evaluating constraints and resources, finding out relevant information; possibly seeking well-informed advice
2) Decide on a financial plan
working out actions to take (eg which financial product to acquire, setting a budget)
3) Act on the financial plan
carry out the decision of stage 2
4) Review the outcome
regularly (repeatedly) check that the result of acting on the decision made is giving the desired effect, and with changes in situation if the action is the (still) right one; repeat from step 1 when necessary
The first step in creating a financial plan is to identify personal and family financial goals
B. Analyse your current financial position
The first steps in personal financial planning is to step back and assess your situation. Start figuring out what your expenses are what you take in from work. Hopefully, you are bring in more than what you are spending.
1. Discovery 2. Analyze 3. Recommend 4. Implement 5. Monitor
The first steps in personal financial planning is to step back and assess your situation. Start figuring out what your expenses are what you take in from work. Hopefully, you are bring in more than what you are spending.
The four steps of personal financial planning are:1) Assess the situationClarifying and prioritising goals, evaluating constraints and resources, finding out relevant information; possibly seeking well-informed advice2) Decide on a financial planworking out actions to take (eg which financial product to acquire, setting a budget)3) Act on the financial plancarry out the decision of stage 24) Review the outcomeregularly (repeatedly) check that the result of acting on the decision made is giving the desired effect, and with changes in situation if the action is the (still) right one; repeat from step 1 when necessary
The concept of business financial planning is basically to see what steps to take to achieve financial success. A company needs to have a solid plan on purchasing and selling their product.
Explain the various stages involved in the personal selling process
planning,writting,revising,external feedback
your main point on what your going to say or do.
Maintain resource inventory
There are seven general steps in the personal selling process: prospecting and qualifying, preapproach, approach, presentation and demonstration, handling objections, closing, and follow-up.
major steps in planning