Business Financial Management

For many business owners, planning is often put aside for more immediate operational issues that are at hand. This is particularly common when businesses are in rapid growth phases and resources are stretched. Northern River Financial can become your partner in this process, offering you the guidance, structure, research, and recommendations that you need for your business to thrive.

Proper financial management is the process of determining how a business manages itself financially to ensure it achieves its goals and objectives for both the short-term and long-term. Sound financial planning considers every aspect of a business’ operations and the interwoven impact each has on the overall financial position of the company.

The financial components of a business plan provide the larger plan with a solid foundation. The numbers provide financial benchmarks for the operation of the company, making sure the objectives set are achievable. This provides measurement points by which management can determine progress is on track. A sound financial plan also helps to set performance targets for the organization, and provides a framework for rewarding staff.

The first step is to contact Northern River Financial. We will set up an exploratory meeting to understand your business and learn about your objectives. During this meeting, we will jointly determine how we can help you achieve your objectives. Following that, we will prepare a plan and provide cost estimates for the project.

Key considerations

  • Budgeting development and management
  • Creating cost systems and management reports
  • Determining resources required to achieve objectives
  • Reviewing working capital and requirements
  • Identifying business risks and management