Financial and Strategic Planning

A Financial and Strategic Planning outlines the steps you need to take to achieve your business goals. It essentially informs the what and how of your business strategy – what are your business goals and how do you achieve there. A Financial and Strategic Planning helps you allocate your resources such as your capital, investments, and human resources over a specific timeframe to achieve the goals set out in your strategic business plan.

It describes each initiative, resource, and metric, needed to transform your business vision into reality. A typical Financial and Strategic Planning will focus on your projected revenues and expenses, capital budgeting, and cashflow management.

Let’s take a look at the key characteristics of a strategic financial plan:

  • Establish relationships between profit metrics and cashflow needs
  • Align operational plans with financial statements to reveal their impact on the business bottom line
  • Inform optimal investment decisions by modeling alternative business scenarios

  • 5 Steps to Getting Started with Strategic Financial Planning
  • 1. Establish Your Vision:
  • 2. Set SMART Goals:
  • 3. Define your Execution Strategy:
  • 4. Get the Right People:
  • 5. Measure, Optimize, and Repeat:
  • Waste No More Time!

    It is challenging being a CFO these days. Complicated decisions have to be made on many fronts, and knowing exactly how to proceed at any given time is harder than it looks.