We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Important of a business plan - Essay Example

Comments (0) Cite this document
Summary
Therefore business plan can be regarded as a valuable tool that helps the owner of the business, especially to understand the market and competition. The…
Download paper
GRAB THE BEST PAPER

Extract of sample
The Important of a business plan

For such a person the importance of a business plan can be limited though not essentially irrelevant.
A business plan generally consists of cover page along with a table of contents and an abstract. It further has a description or an introduction, an analysis of the corporate environment along with a detailed study of the industry such as banking, finance, toys or even a home based business like the online service provision or domestic manufacturing. Next it will have a competitor analysis which would give a description of the nature and the extent of the competitive environment. It will also have a marketing plan, a financial plan, operational and management strategy, a policy approach and finally alternative possibilities of change (Berry, 2008). A potential entrepreneur will have to consider a number of possibilities and probabilities before he launches the operations connected with the business. Therefore he has to consider a number of things to be initiated before the actual business activity starts. A business plan is primarily important due to the following reasons.
In the first place a potential businessman or an entrepreneur ought to have a well defined approach to understanding the kind of business that he or she is going to do. For example a potential businessman has to gather as much information as possible on the business environment and the nature of the industry before he himself set up the business. This will be helpful to him by way of creating a certainty about what he is going to do. The inability to clearly define the nature of the business and understand the connected implications often leads to business failure.
Secondly a business plan enables a potential businessman to identify and isolate the type of relationships that he will have to develop once the business is launched. For example a sole proprietor operating from home would still have to deal with a bank or a number of banks, a supplier or a number of suppliers, a ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Important of a business plan Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/385339-the-important-of-a-business-plan
(The Important of a Business Plan Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.net/miscellaneous/385339-the-important-of-a-business-plan.
“The Important of a Business Plan Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/miscellaneous/385339-the-important-of-a-business-plan.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business plan
When students leave the campus for weekend or holidays, StudentEvent.com will take them back to memories of their campuses. It will be a place for them to entertain with others around the world. It aims at generating good numbers of traffics from students, develop ideas and convert them to profitability and eventually commercialize the opportunity.
6 Pages(1500 words)Essay
Business Plan
It will be dealing with all types of foods and soft drinks. However, it will concentrate more on fast foods and snacks since they are usually on higher demand at Cambridge streets. It will be supplying high quality snacks, hotdogs and soft drinks among other types of foods.
12 Pages(3000 words)Essay
Business plan
4 Mission Statement ………………………………….. 5 Ayur-Care Business Goals ………………………….. 7 Marketing Plan ……………………………………… 8 Marketing-Mix elements …………………… 8 Market-segments ……………………………..
12 Pages(3000 words)Essay
Business plan
There is also an industry and market analysis which highlights the volume of footwear industry in the United States. The competitive analysis of this kind of business is described as well as the marketing strategy. Other significant factors that are outlined in this business plan include operational issues and human resource requirement as they will affect the proposed new company.
10 Pages(2500 words)Essay
Business Plan
Decide what kind of business you will start and begin making the necessary preparations. Finding the right business module makes it easier to be excited about your work (Jin). Most people who want to start their own business don’t have a ton of money lying around… (Armstrong).
5 Pages(1250 words)Essay
A Business Plan for the Important, Sale, and Eventual Production of MDMA
Moreover, with the economy tanking and no end in sight, horrific levels of small business taxation, and a great many other issues have encouraged industrious young men and women to integrate with the sale of illicit substances.
5 Pages(1250 words)Essay
Business plan
It is used informally for management and planning and also used to convince outsiders such as banks or venture capitalists to invest money into a venture. A mini plan the executive summary, may
8 Pages(2000 words)Essay
Explain why you need a business plan,including some of the important factors of a business plan. prepare an outline of the elements entrepreneurs include in their business plan
nk in relation to lending are critically analyzed.  In the method adopted, the various factors have been listed out, and its relative merits and demerits are discussed. Other factors related to the process, such as promoters’ background, nature of the business or industry,
11 Pages(2750 words)Essay
Business plan
Ayurveda, developed by ancient Indian scholars around 2000 years ago (Brannon and Feist, p. 192), has emerged as one of the most successful alternative therapies of today, mainly since modern medicine faced challenges of growing concerns that most of its drugs cause severe
12 Pages(3000 words)Essay
Why write a business plan when starting a new venture Critically discuss this important issue paying particular attention to recent literature in leading entrepreneurship and management journals and evidence based research
After, an entrepreneur decides on the ideal business to invest, preparing a business plan is necessary because it provides a step by step direction for the
8 Pages(2000 words)Essay
Let us find you another Essay on topic The Important of a business plan for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us