BUSINESS planning is planning about your BUSINESS GOAL and available resources and plan to create resources for completing your BUSINESS need.
Financial planning helps you to control your finance and use is for bETTER PRODUCT OR SERVICE DEVELOPMENT
Need of financial planning is necessary even WHEN YOU HAVE FEW FINANCIAL RESOURCES TO ACHIEVE YOUR BUSINESS GOAL .
You should understand your financial position before taking any unnecessary financial risk.
BEFORE STARTING NEW BUSINESS OR NEW PROJECT YOU SHOULD HAVE A clear picture of BUSINESS GOALS AND SUB GOALS