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Business Plan  email this discussion to a friend?

apuroy11 (38) 5 years ago

Do u know what is business plan?If you are a business student then u can know it very well.But I was a science student,newly I am interested in business.So I studied a little about business plan,which I want to discus with you all.A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized,because the business plan contains detailed financial projections,forecasts about someone's business performance and a marketing plan,it's an incredibly useful tool for business planning.For anyone stating a business, it's a vital first step.The business plan and the investment proposal have the same contents.Anyone can think of an investment proposal as a business plan with a different audience.The business plan is considered an internal document,unlike the investment proposal,which is designed to be presented to external agencies.So a business plan is a document prepared by a company's management,detailing the past,present and future of the company.

 

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tags:  business plan, bp, business, business planning, detailing
 
1. myLot reputation of 85/100. oneandonemakesix (23975)   5 years ago

My husband is working on a business plan to try to get a freelance photography business off the ground.

Problem is I hate that aspect of businesses.

I just want to do the photography and leave the business end ot others.

But a good business plan is essential to any business whether investing or starting your own small business.

mooch


apuroy11 (38)  5 years ago

I think what is your husband trying to do,is to get the benefit of his business by himself.Not to leave it to other's hand.

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2. myLot reputation of 99/100. faith210 (8505)   5 years ago

Hi apuroy11! Well, you have defined business plan precisely, it is like a feasibility study. However, business plans should always be working hand in hand with intuitive management..which means you also need to rely on gut feel. Just like the Japanese who are very successful, they just don't rely on statistics but also with their gut-feel! Have a nice day!


apuroy11 (38)  5 years ago

But I think every thing depends on some basic and business plan is the basic of business.

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3. myLot reputation of 65/100. livadas (446)   5 years ago

BP is an invetment project that has all details of the plan for the years to come, BP have all businesses old and new, startups and listed.

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4. myLot reputation of 92/100. lyndee22 (1099)   5 years ago

Business planning is a way of assessing the past performance of a company to determine or come up with a plan for the future days. It's a method that involves analization, comparison, assessment, evaluation, conclusion and developing a certain objective or goal as a guide to meet the target of the given period. This requires the salient points of the company performances and this will turn out to be the guiding tool of the company to reach its main objective.

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