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Setting Financial Goals. ETP 3700: Entrepreneurial Financial Management Dr. Mark T. Schenkel. Income Exercise. What will be your specific financial needs: When you graduate? In five years? When you retire?. Importance of self-assessment. Keeps your goals front and center
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Setting Financial Goals ETP 3700: Entrepreneurial Financial Management Dr. Mark T. Schenkel
Income Exercise What will be your specific financial needs: • When you graduate? • In five years? • When you retire?
Importance of self-assessment • Keeps your goals front and center • Financial goals change • Non-financial goals change • Part of on-going exit planning
Figure 1-1Building a Financial Forecast Setting Financial Goals Revenue Forecasting Expense Forecasting Monitoring Performance