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: