Preparation of a business plan can be your most important task in running a small business. Its hard work and some business owners are reluctant to write a business plan because of the time and research involved. Many small business owners don't realize the need for a written plan because they say “I know what I'm doing” or “I've been in business for years.” A business plan is like a map and a compass for a business. Without it you’re traveling blind. With a plan you set objectives, establish priorities, and provide for cash flow.
The target of this work is to find out:
What is a Business Plan?
Is There a Standard Business Plan?
Who needs a Business Plan?
How Long Should a Business Plan Be?
Contents of Business Plan.
The main task to reach these targets is to study as much as possible literature and electronically documents- resources.
In this report the main source of information is the Internet.
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. Unfortunately, many people think of business plans only when starting a new business or applying for business loans. But they are also vital for running a business, whether or not the business needs new loans or new investments. Businesses need plans to optimize growth and development according to priorities. Is there a Standard Business plan? A normal business plan (one that follows the advice of business experts) includes a standard set of elements. Plan formats and outlines vary, but generally a plan will include components such as descriptions of the company, product or service, market, forecasts, management team, and financial analysis. Your plan will depend on your specific situation. For example, description of the management team is very important for investors while financial history is most important for banks. However, if you're developing a plan for internal use only, you may not need to include all the background details that you already know. Make your plan match its purpose.…
