See below image for the Financial strategy example diagram. Financial Strategy – Types: Capital Structure Strategy, Dividend Strategy, Capital Budgeting Strategy and Working Capital Strategies. Finance is the fundamental resource for starting and conducting of a business. In fact, companies need finance to implement their strategies.
You’ll notice our example of a financial plan includes listing all of your debt. Creating a debt reduction strategy is an important part of your financial planning process. If you have low-interest debt, you can play around with the numbers and see where you’ll come out ahead. Typically, you should pay off high-interest debt before investing.
Here are 10 examples of great business strategies. Cross-sell more products. Most innovative product or service. Grow sales from new products. Improve customer service. Cornering a young market. Product differentiation. Pricing strategies. Technological advantage. Improve customer retention. Sustainability.