Financial planning is the process of setting goals, assessing current financial resources, and creating a plan to achieve those goals. This can include budgeting, saving, investing, and managing debt. Business management, on the other hand, involves overseeing the operations and activities of a business to ensure it is running efficiently and effectively. This can include managing employees, finances, marketing, and overall strategy. Financial planning is an important aspect of business management as it helps ensure the long-term financial health and success of the business.