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Posted 06/15/2020 in Category 1 by Miller & Company LLP

STRATEGIC BUSINESS AND FINANCIAL PLANNING


STRATEGIC BUSINESS AND FINANCIAL PLANNING

To reach financial independence, you must know:

  • Where you are
  • Where you’re going
  • How you’ll get there

Individuals and businesses alike especially in NYC need to have a clear financial picture of the current New York landscape. Whether you’re taking over your family business, coming up on retirement or just beginning to build your wealth, you need to know how to write a strategic financial plan.

Developing a business plan is a process that successful executives and entrepreneurs in NYC recognize as not just vital, but pivotal. Employing strategic business planning in NYC into every aspect of your wealth management is a skill that requires:

  • Experience in business consulting
  • A keen understanding of the role of financial accountability
  • An in-depth approach to every aspect of your unique financial position

WHAT IS STRATEGIC FINANCIAL PLANNING?

NYC strategic financial planning is efficient, realistic and analytical. Just like developing a business plan, personal financial strategies follow a set of steps designed to reach expected goals. Each strategic plan is as distinct and individual as you and your business interests.

An effective strategic business plan begins with a vision and creates processes that result in reaching your financial goals. That only can be done by allocating resources appropriately and tracking results as they occur. Your resources, financial goals and financial performance are intricately tied together. The business planning in NYC and strategic personal wealth planning are designed to create a path that you can follow to achieve the success of your dreams.

REACHING FOR SUCCESS

Strategic business planning to achieve both personal and business goals follow similar steps:

  1. Create a vision. Just as you wouldn’t begin a road trip without a specific destination in mind, so you don’t want to throw your resources haphazardly around, hoping they’ll end up where you need them to be. The first step in learning how to write a strategic financial plan is to clearly define your aspirations, spell out your priorities and articulate your ideals.
  2. Define your mission. In business, this is called a mission statement; in life, it’s called a purpose. Strategic financial planning requires that you know why you’re striving for independence, how strongly you’re committed to do what it takes to be successful and why your philosophies make you strong.
  3. Analyze the landscape. This stage of the process is where an honest appraisal of your financial strengths, weaknesses, potential opportunities and threats from the outside contribute to your overall plan. Businesses refer to this as a SWOT assessment. It’s a classic model of interpretation that fits well into your CPA’s role as both accountant and advisor. The analysis of your finances is required in preparing a strategic financial plan that’s both realistic and workable

Read more at https://www.cpafirmnyc.com/strategic-financial-planning

Working Hours:
Monday - Friday: 9:00 am - 7:00 pm;
Saturday: 9:00 am - 4:00 pm,
Sunday: Closed
Payment: cash, check, credit cards.

CONTACT US
Miller & Company LLP
Queens, NYC
141-07 20th Ave, Suite 101,
Whitestone, NY 11357
718-767-0737

https://www.cpafirmnyc.com 

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