A business plan is “any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems and opportunities” (Berry, n.d.). It contains the detailed plans in marketing, finance and operations of a business. It outlines the…
Moreover, others think that there is a need to buy a business plan software. Another reason why people shun the idea of creating a business plan is that they think that it is too complex to do (Superbcoaching .com, n.d.). These people assume that the business plan should be perfect before they can start the business. Some companies think that it is a waste of time. Instead of focusing on the start-up of the business right away, they will be bogged down with writing the plan.
Creating a business plan has several benefits. The first benefit that a company can gain from a business plan is that it gives direction to the firm. Similar to a road map, the business plan will show where the company is going and what options it can take to reach its destination or objective. Another benefit that can be gained from a business plan is that it is a valuable source of information for potential investors in the business. It makes it easier for an organization to obtain funding or possible loans from banks and private investors. A business plan also prepares the company for future problems that it may encounter. As one goes through the process of writing the plan, he is made aware of the critical aspects of the business and the various scenarios that will affect its operations.
Superbcoaching .com. (n.d.). The top 10 reasons people dont have a business plan. Retrieved January 13, 2012, from superbcoaching.com.au: ...
Cite this document
(“Business Plans Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.net/business/482441-business-plans
(Business Plans Assignment Example | Topics and Well Written Essays - 250 Words)
“Business Plans Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.net/business/482441-business-plans.
Most banks have cut down their lending rates by up to 25%, with some going as high as 30% against their former lending portfolios. For many banks, the prospect of dishonored loans has resulted in stringent tactics that are aimed at curbing this crisis and improving their lending services to the few who meet their requirements.
The description of a business plan may differ in its wording but assume the same meaning, a blue print on how to launch or run a business. Of course, the contents of the business plan obtained have a different content and description depending on the nature of the business which the business plans were intended for.
This paper has outlined the provisions that form the basis of this program. In writing this paper, I will take the position as the government employee receiving the proposal from the contractor. The paper is inclusive of various selection processes and will discuss in detail the purpose of the program.
Daily Perc Cafe is a beverage retailer. It is a breakfast and lunch cafe providing outdoor concept to the customers for relaxing and having fun. The Watertower Cafe is full service cafe/restaurant situated in Sweet Auburn District in Atlanta. The study reflects the strengths and weaknesses of their business plans.
Projected inflows, the period taken to start making profits among others. Such is evidenced by two business plans al targeting the bar business. In this paper, I will analyse the business plans for singles bar and night club businesses. Introduction While preparing a business plan, planners follow a similar procedure.
This statement can be delivered maximum amount of weightage by way of reviewing the similar sayings of Dr. Robert Kaplan and Dr. David Norton who are responsible for creation of the balanced scorecard during the 1990s, which has served as a top-down organization system.
In order to start a business, an investor needs to formulate a good and workable business plan. It should include a detailed account of the business’ vision, mission, objectives and what the business is going to venture into. This business plan should be convincingly workable since can help in securing loans for the business capital (Norman, 1999).
A Business Plan can play important roles in different fields. Before developing a Business Plan some potential should be considered. The contribution of business plan can't be negligible in some cases. They should be offered by a business plan and it helps a company to go further.
Managers, therefore, bear this responsibility of ensuring that the right figures and procedures are applied while entering the numbers so that the outcomes can reflect the true form of the business. The manager, therefore, needs to be familiar with arithmetic formulae