“Money Management and Financial Planning” Please respond to the following:
From the case study, suggest a new business strategy for this company, forecasting potential growth for the next five years. Determine the steps that the company should explore to improve the business while minimizing financial risk. Note: Use the PlanningShop’s Business Plan Financial package to support your strategy. The PlanningShop’s Business Plan Financial package is located in the online course shell.
Evaluate the financial planning process for new business ventures in terms of how it both challenges and benefits new ventures. Provide an example of each (i.e., challenges and benefits) from industry to support your position.