The financial analysis of a business is the most concrete and practical part of the business plan. The aim is to access the viability of the company in monetary terms, its goals and strategies in taking meaningful business decisions.
A business plan serves as the framework for your company and provides benchmarks to see if you’re on track to reaching your goals. It requires one to consider all the variables – personal and business related, to achieve the right balance.
Once the preliminary research and a contingency reserve is in place, Rohan lays down the next and most important driver for business success – a business plan. In simple terms, the plan defines what the business is and what it intends to be over a period of time.
We all know that planning is an essential component in every step of our life – be it a vacation, shopping, or even investing. But planning becomes all the more important when it comes to your business or enterprise.