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Financial planning is the process of setting financial goals and creating a comprehensive strategy to achieve them. It involves assessing one’s current financial situation, forecasting future needs, and developing a roadmap that includes budgeting, saving, investing, and risk management. Effective financial planning helps individuals and businesses make informed decisions, ensuring long-term financial stability and growth. Ultimately, it aims to align financial resources with personal or organizational objectives.
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What is mean by being aware of opportunity in planning?
it means KAE AMAA FUI
Advantages of strategic planning?
Strategic planning is the management task concerned with growth and future of a business enterprise. A well-organized planning system is an extremely useful communications network. The planning process is a means for communications among all levels of management about objectives, strategies, and detailed operational plans. One of the great advantages of strategic planning is that it simulates the future on paper.
The key aspects of the financial planning process are?
Cash planning and profile planning
Why is planning important to the firm?
Planning is not only important to the firm but it is important for individual too. Planning is important to estimate tasks and resources available. Planning is important in prioritizing among multiple tasks. Planning is important in estimating final output. Planning is important in estimating time period to achieve target.
What is financial planning and what does it do?
Financial planning is a means of determining one's present and future financial needs and trying to budget and allocate financial resources to take care of both present and future needs. Financial planning helps one to set a goal for saving or building up the financial resources needed for the future. For any investor, knowledge of financial planning is a must.
Is stock a financial asset?
If stock means investment in stock of other company then yes it is fianancial asset for business.
What are the major components of Nigerian fianancial system?
drugs, cash, guns and scams
What planning means with respect to individuals and groups?
planning means sighting and objectives
Which careers are in high demand in south Africa now and in the next 10 years?
chartered fianancial analyst
What does proactive planning means?
PLANNING IN ADVANCE TO DEAL WITH UNEXPECTED PROBLEMS
What is planning premises?
Planning premises means systemic and logical estimate for the future factors affecting planning.
What are planning and conducting process?
planning means you will just decide what to do and what to not do..... but conducting means you have already decided that you will do that kind off work and you are doing it
What is bouleuterion?
Bouleuterion means 'place for planning'.
Can you give me slogans of family planning and birth spacing?
importance of careful planning and spacing of births
What does planning skills mean?
To make sure the person is good at planning and know how to do it.
What does What is up boys mean?
Means what are you doing, what are you planning to do.
What is the fullform of ERP?
it means Enterprises Resources Planning
