Strategic planning is the process of identifying
where you want your company to be in the future and then charting steps to get
there. However, you can't get where you want to go unless you have the
financial resources to execute your vision. Financial planning is the process
of connecting your financial operations with your big picture strategy.
Strategic financial management depends on developing a financial plan that
syncs with your company's overall strategic plan and then reevaluating and
adapting as circumstances unfold. If you do not meet your specific goals and
milestones, you should ask whether your business has not been operating
effectively or whether the goals themselves were unrealistic
Financial Planning and Strategies
identifies both financial and personal goals and objectives as well as clarify
your financial and personal values and attitudes. The financial planner
clarifies your present situation by collecting and assessing all relevant
financial data and identifies financial problems that create barriers to
achieving financial independence. Implementing the right strategy will help you
reach the desired goals and objectives.
·
Identify Goals and Objectives
·
Implement Strategies