Business planning as a tool for financial recovery

In the modern development of entrepreneurial activity, the process of financial recovery is of significant importance, because it helps restore the company to its previous level of income. Business planning acts as an effective tool because thanks to it, companies come out of a financial crisis. Simply put, this is one of the ways to improve current performance. The article discusses the main definitions of financial recovery, methods, and also gives its own concept based on the opinions of various authors, a brief analysis of the company’s indicators was carried out and the idea of ​​a business plan was proposed.