A Business Plan is a document in which a business opportunity, or a business already under way, is identified, described and analyzed, examining its technical, economic and financial feasibility. The Plan develops all of the procedures and strategies necessary in order to convert the business opportunity into an actual business project.
It is an indispensable tool in order to set up a business project, independently of the size of project and/or the amount of business experience in entrepreneur.
It provide answer to simple question about a new business or business already under a way.
What is the Purpose of a Business Plan
The purpose of business plan is identify, describe and analyze a business opportunity and/ or a business alerady under way, examining its technical, economic and financial fesibility.
Moreover, it should serve as a business card for introducing the business to others banks, investors, institutions, public bodies or any other agent involved, when it comes time to seek cooperation or financial support of any kind
Management Tool
- Management Tool.
- Planning Tool.
A Business Plan has a dual function
- Provides economic/financial projections.
- Enhance the monitoring and control of the business by following up the results obtained and analyzing management indicators.
- Introduces an analysis of the supply and demand
- Reflects the commercial strategy and the marketing policy
- Identifies the guidelines for the management of human resources.
- Analyzes the key factors of success and the risks of a business.
Planning Tool
- With results-oriented actions.
- Strict fulfillment of its economic commitments.
- Orients decision-making processes:
- Provides qualitative and quantitative information.
- Planning conforms to a homogeneous pattern.
