A financial plan for a business is an organized set of documents that outlines the current and future financial goals of the business. The plan includes an analysis of the company’s strengths and weaknesses, detailed budget projections, cash flow forecasts and other information necessary to assess the financial state of the business. It also contains strategies to help manage risk and identify opportunities, as well as a breakdown of the different sources of income and expenses. An effective financial plan helps businesses make informed decisions, anticipate and prepare for potential risks, and ensure long-term sustainability.