By developing a ﬁnancial plan a ﬁrm beneﬁts by being forced to think about and forecast the future.

Question

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Developing a financial plan requires a firm to consider their goals, resources, and potential risks or obstacles. This process forces the firm to think critically about the future and develop a forecast for their financial performance. This can help the firm make informed decisions and take proactive steps to achieve their objectives.

By Developing a ﬁNancial Plan a ﬁRm Beneﬁts by Being