Business Studies, asked by kanchu6148, 1 year ago

Why is it important for entrepreneurs to develop financial plans for their companies?

Answers

Answered by faridkhann

Explanation:

Completing a financial plan is the last step in writing a business plan. The plan includes a projected profit-and-loss statement for the next three to five years and a cash flow statement. ... The financial plan is important, because it establishes the financial goals of the company.

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