Financial strategy for small businesses is the process of developing an actionable plan to allocate and manage financial resources in order to achieve long-term goals. This includes budgeting and forecasting, allocating capital, minimizing taxes, minimizing risk, setting pricing strategies, establishing profitability goals and understanding cash flow sources. A financial strategy should be tailored to the size and scope of a business to ensure operational sustainability. Making smart investments, controlling costs, and finding innovative ways to increase revenue are all key components of successful financial strategy for small businesses. With the right plan and set of tactics, small businesses have the potential to reach their maximum potential.