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.
ABSTRACT
Motivation as a simple phenomenon that has elevated many firm and org...
ABSTRACT
This study is intended to examine the high scale and increasing frequency of violence witnessed in Nigeria today. As a study in...
Abstract
This study investigated the impact of workplace conflict management on organizational efficiency. Participants...
Abstract: THE ROLE OF BUSINESS ANALYTICS IN HUMAN RESOURCE MANAGEMENT
This study aims to explore...
ABSTRACT
Energy conservation in wireless sensor networks (WSNs) is a key area of research aimed at addressing the challenge of efficient...
ABSTRACT
This study is on the Role of Public Relations on Gender Conflict Resolution. (A Study of First Bank Nigeria Plc...
ABSTRACT
The fungus Colletotrichum truncatum is a potential biocontrol agent (BA) against the noxious weed scentless chamomile (Metricari...
ABSTRACT
This study was carried out on the effect of ATM technology in Nigeria banking industry using S...
Abstract
The effective movement of materials is being seen as business in its own right materials heading is a feature o...
ABSTRACT
Employer and Employee relationship creates mutual duties and responsibilities which are complimentary. This duty is for the Safe...