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 3000
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
ADDRESSING SOCIO-ECONOMIC BARRIERS TO ACCESSING VOCATIONAL EDUCATION
Abstract: Socio-economic barriers continue to hinder equitable access to vocational educati...
THE EFFECT OF TEACHING AIDS ON PUPILS ACADEMIC PERFORMANCE IN BASIC SCIENCE IN PRIMARY SCHOOL
ABSTRACT
This study was carried out to investigate the effect of teaching aids on pupils academic performance in Basic Science in primary...
INVESTIGATION FOR GROUNDWATER POTENTIAL AND ENGINEERING WORKS USING ELECTRICAL RESISTIVITY METHOD
ABSTRACT
Vertical Electrical Sounding (VES), using Schlumberger array was carried out to investigate the subsurface layer parameters of a...
CRITICAL EXAMINATION OF THE ROLE OF SOCIAL MEDIA ON THE DEVELOPMENT AND SUSTAINABILITY OF SMEs IN LAGOS STATE
ABSTRACT
The focus of this study is to examine the role of social media on the development and sustaina...
THE EFFECT OF STRATEGIC COMMUNICATION AND PUBLIC RELATIONS IN MANAGEMENT OF HOTELS
ABSTRACT
This research study is an effort in line with the...
A COMPARATIVE STUDY OF NUMERIC SYSTEMS OF ENGLISH AND HAUSA LANGUAGES
Abstract
Linguists are of the belief that, no two languages are phonologically identical. As such, every language has a...
PHYSICAL PROPERTIES, NUTRITIVE VALUE AND ACCEPTABILITY OF SOYBEAN CHEESE (TOFU) AMONG BOARDING SECONDARY SCHOOL STUDENTS
Background to the Study
Legumes are nutritious and economical sources of protein for population of developing countries...
DEVELOPMENT OF A ROBUST DIGITAL IMAGE WATERMARKING TECHNIQUE IN DISCRETE ORTHONORMAL STOCKWELL TRANSFORM DOMAIN BASED ON PHOTON POLARIZATION
Excerpt from the Study
This study focused on the development of novel digital image watermarking technique in DOST domai...
ACCESS AND UTILIZATION OF ELECTRONIC INFORMATION RESOURCES BY UNDERGRADUATE STUDENTS IN UNIVERSITY LIBRARIES
ABSTRACT
This study examined Access and Utilization of Electronic Information Resources by Undergraduate Students in University Libraries...
EFFECTS OF LEADERSHIP STYLE ON EXECUTIVE SECRETARY RELATIONSHIP AND PRODUCTIVITY
ABSTRACT
This study was carried out on the effects of leadership style on executive secretary relations...
