I have a college assignment to but really stuck on a question, so any help would be great. the exact question is

describe the main elements of the financial planning process in an engineering business and the sequence in which the planning takes place.

you can ignore the engineer bit if you want to – just a general idea to help me out would be good and ill incorporate the engineering bit later

You need to talk to your tutor. Asking for the answer in the internet is CHEATING.