John Labunski

John Labunski Financial planning and treasury budget

Financial planning and the treasury budget are deeply linked to the economic activity of the company.

 

Any entrepreneur has to properly plan their activity and their needs. This is something that everyone knows when embarking on a business adventure and must be very clear about the strategic lines that will direct their activity. The best way to concertize these ideas is by translating them into a series of objectives. These goals must be concrete and achievable. It is important, because these objectives serve to create the Business Plan and this business plan is the entrepreneur’s guide in his daily operations. It’s key!

 

Correctly identifying the needs for funds is very important. It is one of the most important and transcendental aspects in the financial planning of any company. It is essential to spend time identifying these needs correctly instead of turning daily activity into a “fire extinguisher”. This can lead to cash tensions and high financial expenses, which are caused by unfavorable and hasty negotiations.

 

You have to define the deadlines, costs and resources necessary to achieve the financial objectives of the company. Good financial planning will be your ally. For what? So that future contingencies do not imply an impediment in the fulfillment of those objectives. Although the deadlines, costs and resources vary, you will have it under control and you will be able to execute a contingency plan without much stress.

 

A financial plan, among other elements, includes the treasury budget. The treasury indicators will allow us to better define those objectives to be achieved. If we control them periodically we will be able to identify where incidents are taking place on the desired objectives. Therefore, we are going to know where we should focus our priority action.

 

With the financial planning and the treasury budget, the time for action is reduced. Likewise, we also reduce burdens and we do not go blindly. It has several advantages. You will have an idea of ​​your income and expenses. This is very important to grow. Even to be certain of the viability of your company. You will be able to calculate how much money you earn, lose or amortize, with your economic and financial analysis.

 

If you have any questions about your treasury plan contact John Labunski , you can write to us and we will be happy to help you. We are aware that sometimes it can be complicated.

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