Key Functions Of Financial Planning

Key Functions of Financial Planning.

Good financial planning is essential for a business company. It shows and helps to achieve future plans and goals which has been set. This is a tool which enable investors and management to assess results and set targets for company to grow.

All alternatives has to be considered and the best option referring to the best profit and financial stability has to be chosen.

I have produced a Gantt chart as an example of financial planning for the company. Duration of the business financial planning is very short as this is just an example. Normally this would take months, 2 years or 5 years, depending on the scale of the plan.

Company Mediplant might face few challenges because it has one of the branches located in India, other two branches are located in UK. So this company will have to overcome:

Time zones- India is 4 hours and 30 minutes ahead of United Kingdom and this will cause communication problems between branches. It is difficult to find solutions for this issue, but the only way to communicate is by emails, but this will take a lot of time to respond, because the emails will be read only next day.