The purpose of long-term financial planning on a business

[Samuel77]

Long-term financial planning in a business is very important, this is because long-term financial planning makes a business financially standard and also help you out, if you have any breakdown

 

[Sheyemanu]

Concerning the topic at hand which is long term financial planning, i would say businesses need to have a long term financial plan, as this can serve as a guide, or goal for the business. Also it helps the business plan and work through different phases of growth

 

[Adventurer]

A strategy for the potential financial development and expansion of a business is generated by long-term financial planning. These types of decisions have lengthy lead yes itimes and require a long-term outlook on how the plan will be executed. The plan makes certain predictions based on factors such as future economic prospects, interest and inflation rates, estimates of commodity prices and revenue, and evaluations of the market climate based on particular regulatory and tax structures. The aim of the plan is to set financial targets that result in the successful realization of long-term financial goals once achieved.

Do you know any results if a business does not have this? Please share your thoughts about this. Thank you

If a business doesn't have any of this it means there is no business plan and it's bound to fail. Setting a financial plan shows the direction the business aims to head

 

[Victor72]

The purpose of long-term financial planning in business is to avoid any financial breakdown in the business and also for the business to have a good capital.
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The purpose of long-term financial planning in a business is to help the business financial status and also help to company in other to have a good capital

 

[Akinwale701]

A strategy for the potential financial development and expansion of a business is generated by long-term financial planning. These types of decisions have lengthy lead times and require a long-term outlook on how the plan will be executed. The plan makes certain predictions based on factors such as future economic prospects, interest and inflation rates, estimates of commodity prices and revenue, and evaluations of the market climate based on particular regulatory and tax structures. The aim of the plan is to set financial targets that result in the successful realization of long-term financial goals once achieved.

Do you know any results if a business does not have this? Please share your thoughts about this. Thank you

Long term financial plans are good for businesses that have long term visions and goals, but without this, it's a waste of resources sometimes.

 

[Muhammadawais]

A strategic plan outlines what needs to be accomplished in the future to meet the company's objectives.

To execute decisions with long lead times, long-term financial planning is needed. If a company wants to build a factory next year, for example, contractors would almost certainly need to be lined up this year.

 

[Psalmseen]

Long term financial planning is very good on a business. Because the means to tackle some potential financial challenges would have been set. It has massive advantage

 

[Setho]

In the setting of business goals, both long term and short term goals are of importance but they are not equal. Like warren buffet, it if important that you think long term and as such think of how your business should be performing in two or three years from now and not just a few weeks.

 

[Jumoke12]

A strategy for the potential financial development and expansion of a business is generated by long-term financial planning. These types of decisions have lengthy lead times and require a long-term outlook on how the plan will be executed. The plan makes certain predictions based on factors such as future economic prospects, interest and inflation rates, estimates of commodity prices and revenue, and evaluations of the market climate based on particular regulatory and tax structures. The aim of the plan is to set financial targets that result in the successful realization of long-term financial goals once achieved.

Do you know any results if a business does not have this? Please share your thoughts about this. Thank you

Long term financial planning gives your business the right projection and progression. It makes the business to be more focused and it improves the quality of service as well.

 

[Samuel77]

Long term financial planning helps a business in alot of ways, it helps sustain your business especially in times of difficulty in the business .

 

[Jumoke12]

A strategy for the potential financial development and expansion of a business is generated by long-term financial planning. These types of decisions have lengthy lead times and require a long-term outlook on how the plan will be executed. The plan makes certain predictions based on factors such as future economic prospects, interest and inflation rates, estimates of commodity prices and revenue, and evaluations of the market climate based on particular regulatory and tax structures. The aim of the plan is to set financial targets that result in the successful realization of long-term financial goals once achieved.

Do you know any results if a business does not have this? Please share your thoughts about this. Thank you

It helps a business to achieve their set goals on time and also it prepares the Business against any future loss as it has been prepared against it before time

 

[Ehizzy1]

business is all about money once you are able to come for a business with no help to start up a business we have to set up a good strategy for your business you have to have a good plan make your business well and have a good location for your business planning it is very important before you go into any business

This is actually what a lot of people need to know a business can't operate well fully without the owners having a clear idea on how to push the business forward

 

[Muhammad Arslan]

Companies come in a variety of sizes and sell a variety of goods. There is no one-size-fits-all financial plan design for all businesses. However, there are certain elements that are present in any financial plan:

 

[Abbeyola]

A strategy for the potential financial development and expansion of a business is generated by long-term financial planning. These types of decisions have lengthy lead times and require a long-term outlook on how the plan will be executed. The plan makes certain predictions based on factors such as future economic prospects, interest and inflation rates, estimates of commodity prices and revenue, and evaluations of the market climate based on particular regulatory and tax structures. The aim of the plan is to set financial targets that result in the successful realization of long-term financial goals once achieved.

Do you know any results if a business does not have this? Please share your thoughts about this. Thank you

Reason for long term investment is that it, gives one assurance of the future and success will also be achieved, and there will be peace of mind.

 

[Senator]

You have said it all. The purpose of long term planning on a business is to ensure that the business stays relevant and profitable in the constantly changing business environment

 

[joy101]

Running a long term financial business will your business to grow very faster, because business is all about money in order for the business to go well.

 

[Alogakho Esson]

Long term financial planning makes it easy for one to always make sure he isn't running into losses. It helps you to think about circumstances that could happen in future which may affect your business.

 

[Dubai]

A strategy for the potential financial development and expansion of a business is generated by long-term financial planning. These types of decisions have lengthy lead times and require a long-term outlook on how the plan will be executed. The plan makes certain predictions based on factors such as future economic prospects, interest and inflation rates, estimates of commodity prices and revenue, and evaluations of the market climate based on particular regulatory and tax structures. The aim of the plan is to set financial targets that result in the successful realization of long-term financial goals once achieved.

Do you know any results if a business does not have this? Please share your thoughts about this. Thank you

The effects of long term financial plans can not be over emphasized if a company or venture wants to grow. Effective financial plans is the fuel that propels the growth and development of any form of business. I agree with you that it helps prevent unnecessary spending and wastage of resources.

 

[tyrim88]

Some trends and factors that affects the markets dynamics and any firm that is not prepared for such period will be in the downside of business,reason for long term financial planing,it keep the organisation firm to withstand and reinvent itself.

 

[Ehizzy1]

Many business that i have seen do have this , because its the long term plan they have that would define the way they will operate and their acheivable goals