Financial planning for startups is a critical process of managing the cash flow and finances of a business to ensure it has sufficient capital to start and grow. It involves analyzing current resources, developing a budget and forecast, and creating strategies to maximize profits and minimize losses. By taking an upfront view of a startup’s financial health, entrepreneurs can better prepare for funding future growth and having the security they need to make sound decisions. With an accurate financial plan in place, startups will be able to identify opportunities and risks, enabling them to stay ahead of the competition.