Journal of Finance and Marketing

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Journal of Finance and Marketing 44 7897 074717

Finance Strategies

Financial strategies is integral to an organization’s strategic plan which enable you to assess your financial requirements and the resources necessary to support and meet your objectives and to execute an organizations’ overarching objective, as well as plan for sustained growth to allow business success and sustainability. It sets out how the organization plans to finance its overall operations to meet its objectives now and in the future. The first and most vital step in the personal financial planning process is setting short and long-term financial goals. Effective financial strategies for any business includes balancing the business and personal goals, explore different financing alternatives, control cost, manage liquidity, manage your taxes, manage risk, establish a retirement plan, build a safety net. There are three main components of an organization's financial strategy: financing, investment and dividends. Financing involves determining if using debt, equity or a combination of both is advantageous for purchasing assets.

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