Do You Have a Financial Plan for Your Business?

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I just read a very good article on financial planning for your business on the Open Forum American Express website. Do you have a financial plan for your business?

Below is an excerpt:

As the CEO or founder of a growing small business today, you are likely swamped meeting customer needs, dealing with inventory, shipping or customer service problems, pleasing investors, watching your budget, and looking for the next big opportunity. Wait: did you forget about your financial plan? While you might consider this a time-consuming business school exercise with little value for a hands-on small business owner like yourself, former Wall Streeter Tim Ferguson and others say that financial plans are in essence a roadmap to your future success.

 

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