09/04/2026
The 11 Key Components of a Financial Strategy for Growing a Company
Most growing entrepreneurs focus on creating a strategic growth plan.
Few create a financial strategy to go hand in glove with the business strategy. This often leads companies to run out of capital because they have not created a financial strategy based on conservative projections.
It is devastating when a company runs out of cash or faces debt service that not only eats away at revenue for growth but also drains cash flow. Sooner or later, debt must be paid back. Below are 11 critical questions to guide you in creating your financial strategy and realistic cash flow projections.
Savvy entrepreneurs take the time to answer questions like these and build a financial plan and strategy before moving forward. If you need help creating it, reach out to experts who can walk you through the process.
Putting the time and focus into answering these questions can be the difference between growing smart and failing miserably:
1. What is your long-term vision?
2. Where do you want to take your business?
3. What resources will you need to accomplish these goals?
4. What is the real cost of growth?
5. What is the cost of acquiring capital (time and dollars)?
6. What is the cost of capital, including debt service, giving up equity, and your business focus?
7. What are the risks (lost opportunities) of not growing?
8. How do you guarantee the cash flow necessary to meet the daily, weekly, and monthly obligations of your company?
9. Do you have state-of-the-art systems in place to maximize purchasing dollars and collections?
10. Do you have the appropriate incentive programs in place to attract and retain quality personnel, including bonuses, benefits, and retirement plans?
11. Do you have the right risk management programs in place to protect your company against catastrophes and interruptions to normal business?
No matter where your business is in its growth, it's never too early to answer these questions and take appropriate action.
When you control your money, you control your future.
Reach out to Cathy at [email protected] to book a complimentary coaching call with Rich and Moe.