Capstone Week 5

First and foremost, in order for Multi-Fry-er to obtain strategic financial business management it needs to define its objectives in order to quantify and qualify it’s resources to plan to achieve its goals and maximize on capital resources. Multi-Fry-er aims to manage the financial business strategy in a way that will set itself up for success and profit in a timely and realistic fashion. It is known that financial plans focus on the long-term gains for a company, therefore long-term and short-term goals are essential to the process (Merritt, n.d.). Budgeting will help Multi-Fry-er in the financial planning because efficiency will be gained by focusing on a reduction of waste. Operating costs are a huge objective that needs to be budgeted and monitored in order to make sure sufficient funds stay steady throughout the operation. In regards to management of the financial information, theMulti-Fry-er the management team will collect data weekly, analyze it, consistently make financial decisions that are favorable for the company. Analysis of variances and trends will be used to forecast for the remainder of the year and identify any issues that might arise.