What is the meaning of financial planning?
Financial planning helps a business grow in a profitable manner and follow its evolution. Also, it enhances the capacity to anticipate potential problems, while adjusting to changes that could occur. Financial planning is also necessary when funding is sought or when the financial situation of a business requires improvement. A financial plan includes the financial situation of the owner(s), the statement of business activities, a profitability analysis, etc.
For more information on financial planning, several electronic resources are available :