Strategic financial plan for Vera Causa Realty
The project identifies the problems of Vera Causa Realty, a Ghanaian real estate firm that has been in operation for five years. Vera Causa Realty provides affordable services for people looking to build their homes. However, the company has no financial plan; thus, they cannot evaluate an individual's current salary and future financial state by using present known variables to predict future income, asset values, and withdrawal plans. This project sought to create a stable financial plan for the company. The financial plan will contain the company's long-term monetary goals and strategies to achieve these goals. Some insights gained during the need assessment stage were that as a result of the company's current mode of financing, i.e., self-financing, they have not been able to create a solid financial plan. The assessment revealed that the company would update its mode of funding to best suit it in the long term. After extensive literature has been reviewed that financial planning requires six steps. These steps ensure that companies created a feasible and solid financial plan. More insight was gained in the understanding of the external financing processes in Ghana. Some requirements must be met to seek external funding from the financial institutions in Ghana successfully. The study proposed that Vera Causa Realty creates a financial plan to manage the company's long-term financial goals. However, if the company cannot do it, they can outsource to other companies that specialize.
Applied project submitted to the Department of Business Administration, Ashesi University, in partial fulfillment of Bachelor of Science degree in Business Administration, May 2021