• Execution: formally execute the plan with the required discipline and perseverance.• Monitoring and reevaluation: as time passes, the financial plan is monitored for possible adjustment reevaluations to due time time. Definitions of general and specific goals: Specific goals: are realistic, have a specific dollar amount, a specific time period, indicate the type of action to be taken to achieve it, and are measurable. Specific objectives are those objectives that we must necessarily achieve or set. Setting a specific goal is a constructive and productive way of setting goals. Specific goals are always SMART, clear, concrete, detailed, distinctive, explicit, meaningful and special. For example, if an individual wants to expand their business to another country. These goals are often found in written form and have the proper documentation commonly found in businesses, for example a specific business goal may be to start a new setup, hire employees, improve quality, and expand production with lower costs. These goals might be short-term but often long-term. General information