chapter  11
8 Pages

Financial planning

WithMarlies Harlaar, Otto de Leeuw

Financial planning consists of making various projections, or prognoses, of results, investment, liquidity and our finance needs. In this chapter, the authors focus on the parts of the financial planning process so that step-by-step people can work towards building an effective picture of our company’s future financial needs. Financial planning is thus an ongoing process that provides current and measurable information on the results of our export activities. Many people find making projections rather difficult. It does take time to get absolutely right so if people can, ask for help from financial experts in- or outside our organization. Product liability insurance provides coverage against a manufacturer’s or seller’s liability for losses or injuries to a buyer, user or bystander caused by a defect or malfunction of the product, in other words: when it is our fault. Liquidity projection concerns the flow of cash people expect to come in from receipts and go out for expenses per reporting period.