Enterpreneurship Development

Entrepreneurship Development

Lesson 12 : Financial Planning

Factors affecting financial planning

1. Nature of industry
2. Nature of business enterprise
3. Nature of risk assured
4. Future growth plans
5. Source of funds
6. Attitude to privacy of financial information
7. Availability of alternative sources of funds
8. Governmental regulations.

Capital: may be defined as the value of assets (wealth) owned by a business which are used during the course of business operations to generate additional capital or wealth.