Research, identify, and discuss what financial planning for a business is, why it is important, and what can happen if not done accurately.

The requirements below must be met for your paper to be accepted and graded:

• Write between 500 – 750 words (approximately 2 – 3 pages) using Microsoft Word.
• Attempt APA style.
• Use font size 12 and 1” margins.
• Include cover page and reference page.
• At least 60% of your paper must be original content/writing.
• No more than 40% of your content/information may come from references.
• Use at least two references from outside the course material, preferably from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.

Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page. Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc. Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable.

Answer preview

Financial planning for a Business

Financial planning for a business significantly contributes to the sustainability of an enterprise. Financial planning for a business is the process of developing monetary policies regarding investments and procurement and use of funds in attempts to achieve set goals and objectives. This is because the process avails freedom from worry in business. Freedom from financial planning occurs no matter the current economy because it provides objective analysis and insights (Stanzak, n.d.). This means that a business that conducts financial planning can achieve both short term and long-term goals and objectives. Financial planning…

 

(650 words)