What is the significance of financial planning while considering the factors of establishment of business?

What is the significance of financial planning while considering the factors of establishment of business?

Financial Planning- Resources and availability of finance should be taken in view. Over capitalisation and under-capitalisation both are harmful for the. business. Following points should be taken in mind while considering the finance:

Define the term Information Technology.

  1. Size of business organisaton,
  2. Scope of business
  3. Credit facilities,
  4. Profitability
  5. Probability of turnover.

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