Example Concept: Financial planning involves creating detailed budgets and forecasts that align with a company's growth objectives. This process helps identify the necessary resources, such as capital and workforce, required for scaling operations. By analyzing cash flow projections and potential financial risks, businesses can make informed decisions to invest in growth opportunities while ensuring they have the liquidity to manage day-to-day operations. This strategic approach minimizes the risk of over-leveraging and helps maintain a balance between growth and financial stability.