A fundamental business truth is; ďIf you donít measure it, you canít improve it.Ē
No matter what business you are in, every business exists to make money for its shareholders.It is extremely difficult to maximize profits if a business does not have a formal Financial Plan.Financial planning is the foundation to maximize profitability. The Financial Plan includes the Annual Budget and Proforma Financial Metrics. Once created, the Financial Plan is updated monthly to compare the Budget with Actual performance.
CTBC can either assist your company to create a Financial Plan from scratch, or help modify your existing Financial Plan.
CTBC believes that any good Financial Plan consists of a minimum of 5 key areas.