BUSINESS PLANE 

The business plan is the key ingredient for a successful business and is often ignored. This session shows you how to create an individualized business plan, and provides the tools to make it easy. The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects. A business plan is an essential roadmap for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues

1. Business Plan

A business plan is a document that describes a company's goals, objectives, and strategies. A business plan should describe how the company plans to achieve its goals and objectives. It should also provide information about the company's products, services, customers, competitors, and financial situation.

2. Model

Model means a representation of something else. In business planning, model refers to the structure of a business plan. Models are often used to represent the different components of a business plan.

3. Important

Important is a noun that means "very significant." Important is used to refer to the most important parts of a business plan. These may include the purpose of the business, the market analysis, the description of the product/service, the marketing strategy, and the financial projections.

4. Objective

Objective is a verb that means "to set out to do something." An objective is the specific goal that a business wants to reach. Objectives help guide the rest of the business plan.

5. Attracting

Attracting is a verb that means to make someone want to do something. When describing a business plan, attracting is used to talk about the parts of the business plan that are attractive to potential investors.

6. Before starting a business need a business plan

Before starting a business, you need to have a business plan. If you don't have a business plan, then you won't know what you're doing wrong if things go wrong later. You'll also not know what you did right if things went well. Having a business plan helps you to understand the industry you're entering, the competition, and the risks involved.

7. What kind of business plan here

What kind of business plan is best? That depends on many factors. Here are some of them: - Is the plan written in a simple language or does it use complex terms? - Does the plan focus on the long-term or short-term? - Are the numbers realistic? - Do they show any trends? - How much time does it take to write the plan?