THE IMPACT OF FINANCIAL PLANNING ON BUSINESS GROWTH
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract: THE IMPACT OF FINANCIAL PLANNING ON BUSINESS GROWTH
The objective of this research is to evaluate the influence of strategic financial planning on the growth trajectories of businesses. It aims to identify key financial planning practices that drive business expansion, understand the relationship between financial planning and business performance, and assess the challenges businesses face in implementing effective financial plans. This study employs a survey research design, justified by its ability to capture a wide range of data from business owners and financial managers regarding their planning practices and growth outcomes. The sample size, derived using Taro Yamane's formula, includes 400 respondents to ensure a representative sample of businesses in Lagos, Nigeria. The case study focuses on small to medium enterprises (SMEs) in the retail sector, given their significant contribution to economic growth. A reliability coefficient score of 0.85 was achieved, indicating high reliability of the survey instrument. Findings reveal that comprehensive financial planning significantly correlates with business growth, with particular emphasis on budgeting, forecasting, and investment planning. It is recommended that businesses adopt detailed financial planning frameworks and seek professional financial advice to optimize growth potential.
Related Project Materials
THE ROLE OF ETHICAL SALES PRACTICES IN BUILDING CUSTOMER TRUST
THE ROLE OF ETHICAL SALES PRACTICES IN BUILDING CUSTOMER TRUST
This research investiga...
The impact of urbanization on local government service delivery in Bauchi Local Government Area, Bauchi State
Chapter One: Introduction
1.1 Background of the Study
Urbanization, defined as the increasing...
An examination of pre-colonial iron production sites and their archaeological significance in Ekiti West Local Government Area, Ekiti State
Background of the Study
Pre-colonial iron production represents a pivotal aspect of indigenous technological advancement i...
The impact of climate-resilient financing on agricultural productivity in rural areas: a case study of First Bank of Nigeria
Background of the Study
Climate-resilient financing has emerged as a vital tool for addressing the vulnerabilities of agricultural produc...
THE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM
BACKGROUND OF THE STUDY
Before now, business Success was built on the ability to move goods and services with speed and accuracy. Today,...
A Comparative Study of Digital Marketing Strategies vs. Traditional Marketing: A Study of Retail Businesses in Kwara State
Background of the Study
The evolution of marketing strategies has been significantly influenced by advancements in technology. Traditiona...
AN APPRAISAL OF NEUROMARKETING TECHNIQUES IN ADVERTISEMENT DESIGN: A CASE STUDY OF A CONSUMER TECH BRAND IN KANO, NIGERIA.
Background of the study:
Neuromarketing applies insights from neuroscience to understand consumer behavior and optimize advertising strategi...
An appraisal of early childhood education classroom design on student engagement in Gembu Local Government Area, Taraba State
Background of the Study
The physical environment of a classroom plays a pivotal role in shaping the learning experiences a...
ENERGY CONSUMPTION AND ECONOMIC GROWTH IN NIGERIA (1986-2016)
ABSTRACT
The study examined the energy consumption and economic growth in Nigeria, using the time frame...
FINANCIAL REPORTING CHALLENGES IN THE DIGITAL ECONOMY
Abstract:
This study examines the financial reporting challenges faced in the digital economy in Lagos...
