SAN RAMON, Calif., October 12, 2018	(Newswire.com) - ​​Many businesses begin with a vision, but many cannot build a financial plan to bridge that vision with reality. The problem may be that entrepreneurs do not understand the financial benefit they get out of a financial plan. Instead of implementing an idea with a solid logical foundation, many entrepreneurs conceive of an idea and then pursue that idea without researching enough to justify it. By shooting from the hip like this, an entrepreneur may be throwing away opportunities for success. If entrepreneurs focus on developing their financial plan before taking immediate action, they may be able to figure out if that action is worth continuing. Financial Education Benefits Center (FEBC), a membership benefits company, offers resources that may help entrepreneurs plan and improve their business.
"Having a clear measurement of your own financial ability is the first step in improving your financial ability," said Jennifer Martinez, Manager at FEBC. "A strong financial plan can be used to point out what you are accomplishing, show what needs to be cut, and can give you a chance to see financial opportunities before they appear."
"A company's financial plan becomes its bottom line," said Martinez. "The strength of a business is often measured through its budget and financial statements, and FEBC members have access to some of those and more through their member portal."