This is an overview of financial planning and analysis that all businesses over one million in revenue should be pursuing. Each item on each step needs and will soon have its own explanation in separate publications/blogs from TWP Consulting. An absence of any of these steps can result wist missteps in handling cash flow, under-costing of products, missed market share, and general lack of business direction and growth.
If you don’t understand this quite yet, just know that a business needs to plan using numbers and then judge performance against the planned numbers at whatever level it operates. If you’re not doing so you’re sailing a ship with no compass.
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