Importance of financial planning in an enterprise​

Financial Planning helps in enlargement and growth programmes which helps to retain the survival of the company. Financial planning helps to decrease the risks that can be a barrier to the growth of the company.  This contributes to the company's long-term stability and prosperity. Financial planning entitles you to identify areas where resources are most needed to expand your business, such as marketing, enlargement, or new product development. In the absence of this vision, business decisions become riskier and businesses may lose out on significant opportunities.

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