Financial plan: Strategic financial roadmap

A startup's financial plan is an essential document that includes a detailed forecast of the company's future revenues, expenses, cash flows and capital needs. It serves as a strategic financial roadmap that enables founders to set financial goals, allocate resources efficiently and ensure the long-term financial health of the company. By carefully creating and regularly updating the financial plan, startups can minimise risk, increase investor confidence and make informed decisions that promote business growth and scaling.