HCS 589
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Description
HCS/589
Financial Plan During the strategic planning phase, an organization will discover how important the financial aspects of maintaining a business are. If a business intends to be successful long term, this will require adequate funds to carry out daily functions and for any other expenses that may arise. With financial planning it allows individuals the opportunity to organize their specific goal by importance and the funds that will be available. In financial planning there are six steps that must be followed and those are: establish the goal/relationship, gather data, analyze data, develop a plan, implement the plan, and monitor the plan (Thune, 2020). With these steps you are able to determine where your business is currently and what will be necessary for the...