Why Make A Business Plan? Essay

Profit is the money that a business earns in revenue, minus investments, and the cost of salaries.

The business plan of any organization can only occur after a successful strategic plan is form and securely in place. The strategic plan in any corporation, organization, and small business ventures has a vision on where this organization needs to be in the future. “The strategic plan is a long-term (three- to- five years) views of where the organization is going” (Hillestad & Berkowitz, 2004, p. 32). A strategic plan is just that a plan of things to come and how to attain the business or how

Every business needs a plan, in that plan businesses need direction. Business that want to be successful will have both a great plan going in a great direction, with investors, board members and employees that believe in the same outcome, together they will be willing to implement the plan in order to have success. Quaterra Alaska a junior exploration company has a plan to the leader in the mineral exploration world, while starting a new advancer into mining. Their plan is to take old mine sights and turn them in to a profit while helping clean up old mine sights that still hold good minerals. This idea has made a small town in the

A good business plan is the foundation of your entrepreneurial journey. You may have certain liberty in the form and the content of your business plan but you would definitely use the required material.

A sound business plan creates the foundation for the future of your business. However, the management is mostly too busy with various responsibilities - focusing on the product/service, pursuing customers, team management, and administration – to prepare a stalwart business plan. Also a business plan is not a one-size-fits-all document. We at understand this and have over 200 man-years of collective experience to provide you a compelling solution package. As business plan consultants we advise you in polishing your ideas and strategies to make your business beneficial. There is no “exact” method to design a business plan. Bizwin is a business plan consulting firm, and our priority is to cover the important questions pertaining to every aspect

Barringer, B. R. (2009). Preparing Effective Business Plans: An Entrepreneurial Approach. Harlow: Pearson Education Limited.

A business plan is the core of your business and a must have. It is the roadmap that brings your business idea into a reality. A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. It guides your business from the start- up stage to developing, growing and managing your business. It can also be used to get funding.

A business plan is a road map for a team or business and it can be used, as an eternal tool for potential customers and partners. The business plan should describe in details the entire business venture, technology behind it, the size of the target market, customers, competition, business model, team, financial needs and exit strategy. The business plan gives a company insight and allows them to think things through early enough in the process to ensure they have a well defined venture goals and objectives. It also gives the business direction to a clear path for the team to follow and implement on their venture.

This involves analysis of the risk and exit plan, considering the facts and step to be taken to ensure sustainability of the program in the long-term. This is of utmost importance, given that HIV/AIDS is still without any vaccine or cure and the best way out is prevention of the infection (Battle, 2009). Thus, spreading the word and educating teenagers and involving their parents in the education and prevention strategies will go a long way in reducing the number of teenagers infected with HIV/AIDS. In 2010, youths between the ages of 13 and 24 account for approximately 26% of all new HIV infections in the United States (CDC, 2014). Utilizing the implementation plan above, continuous monitoring and evaluation of the process, constantly tweaking the entire plan and re-looping the plan will ensure the success of the program.

Planning helps the organisation overcome any future uncertainties and also helps avoid risks associated with business.

Starting a new business is an exciting venture and has its unique mix of challenges and rewards. Many are set-up for failure if no clear goals or measures are established and adhered. According to the Small Business Administration, “Planning is critical to successfully starting and building a business.” The best advice for a new entrepreneur interested in starting a business is to create a solid business plan that outlines the business in its entirety. A well-constructed, written business plan will help owners remain focused on their operations, marketing and financial measures through the duration of the business life. In addition, knowing the risks involved in starting a business can help prevent and minimize mistakes that cause many

In this paper, I will select an organization and prepare a strategic plan to grow the business over the next three years. This strategic plan will include certain criteria. That criteria includes:

Absolutely, we would have been lost had we not had a business plan. You need to know what you’re getting into when you’re starting a business. You need to know the market that you’re getting into and whether your business is viable enough to survive in that

Managers and organisations plan because it provides them with some direction and reduces uncertainty within the firm. It is also used to set standards for controlling, it is therefore very important within organisations. (Robbins, Bergman, Stagg & Coulter et al, 2006)

Furthermore, the basic start of a business begins with a business plan. “A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume”