For anyone who is new to finance and who needs a little introduction into the topic.
To just get a basic understanding of the topic read through the giving information. It will give you an idea of what a financial plan is, why it is important, which components are needed and some templates you can use.
This learning nugget will take you approximatly 5-10 minutes to read. After you can go through additional material that might be helpful.
What is a financial plan?
A financial plan is an overview of your current business financials and projections for growth. Think of any documents that represent your current monetary situation as a snapshot of a heath of your business and the projections being your future expectations.
Important components of a financial plan are:
Why is a financial plan important?
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