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Setting Financial Goals

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

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  1. Setting Financial Goals ETP 3700: Entrepreneurial Financial Management Dr. Mark T. Schenkel

  2. Income Exercise What will be your specific financial needs: • When you graduate? • In five years? • When you retire?

  3. Importance of self-assessment • Keeps your goals front and center • Financial goals change • Non-financial goals change • Part of on-going exit planning

  4. Figure 1-1Building a Financial Forecast Setting Financial Goals Revenue Forecasting Expense Forecasting Monitoring Performance

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