Financial Planning

JTC CPAs provide comprehensive financial planning services for small business owners across various industries. Our financial planning services help clients meet their financial needs and achieve growth. These services include establishing clear goals and objectives, developing action plans to reach those goals, and creating contingencies for unexpected events.

Goals and objectives play a crucial role in driving financial decisions within a business. Establishing them provides direction for the company and guides where resources should be allocated for success. With clear goals defined, you and your small business will be better equipped to meet the needs of clients and customers.

Aligning your company’s goals with its mission and vision can enhance the sense of fulfillment for both you and your employees, while also allowing for more effective and efficient use of income from sales or services. Properly utilizing funds can lead to business growth, an increase in clients, and a greater financial reward for the risks taken as a business owner.

To successfully plan for achieving goals and objectives, it is crucial to understand the impact of financial decisions on the growth of your business. For instance, if an ice cream company wants to expand to selling hot sandwiches, it must ensure that it aligns with its goals and objectives, while also satisfying customer demands. If it is determined that introducing sandwiches would be cost-prohibitive, the company should instead focus on promoting and selling its ice cream. Key elements that play a role in the planning process include evaluating  current assets, liabilities, cash flow, fixed and variable costs, and total revenue.