Abstract
By the end of this chapter, you should be able to:
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• explain the concept of financial planning and the financial planning process
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• understand how to prepare a cash budget
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• appreciate how to prepare a sales forecast for an existing business
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• understand how to prepare a sales forecast for a new business
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• show the interrelationship between planning, budgeting and forecasting
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• illustrate how to project financing needs and growth of MSMEs
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• explain how to project financing needs using break-even analysis
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• identify the determinants of MSMEs’ financing needs
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Smith, J. K., Smith, R. L., & Bliss, R. T. (2011). Entrepreneurial finance: Strategy, valuation, and deal structure. Stanford: Stanford University Press.
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Abor, J.Y. (2017). Financial Planning and Forecasting. In: Entrepreneurial Finance for MSMEs. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-34021-0_9
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DOI: https://doi.org/10.1007/978-3-319-34021-0_9
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-34020-3
Online ISBN: 978-3-319-34021-0
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