00:02
So working through a financial plan it can offer a number of different benefits for a larger company.
00:07
So firstly we can think about the goal clarity and alignment.
00:22
So a financial plan it helps the company to find clear financial goals and objectives and make sure that all departments and stakeholders are aligned with the overall financial direction.
00:31
We also need to think about strategic decision making.
00:44
So a well -structured financial plan provides a roadmap for making well strategic decisions.
00:50
So it helps management and identify any potential investment opportunities, expansion plans.
00:56
Then we need to think about resource allocation.
01:08
So by outlining the financial needs and priorities a financial plan can assist in allocating resources effectively.
01:14
So it will guide decisions on budget allocations, capital expenditure and resource distribution.
01:20
We can then consider risk management...