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  • Business planning

    Why is making a business plan so important ?
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  • #2
    Re: Business planning

    Business plan is an outline of what kind of business you want to create and how you plan to create it. It doesn't have to be really complicated, it should rather be clear and easy to understand. A typical business plan would consist of a basic skeleton that could be used as the outline to any other type of plan, for example:
    1. A summary of your potential business
    2. Your services or products.
    3. Analysis of the potential market.
    4. A summary of your strategy and it's implementation.
    5. Management summary.
    6. Financial Plan.

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    • #3
      Re: Business planning

      Business Plan is Very Important For our Business We can Know the Status Of Our Business.Means We can know How much Money and resources.You can get the Rough Sketch of Your Business.Its necessary to Know about the our Business Sercives,Product and the Main thing is Man -Power or machine Power.
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      • #4
        Re: Business planning

        A business plan is often prepared when:

        * Starting a new organization, business venture, or product (service) or
        * Expanding, acquiring or improving any of the above.

        There are numerous benefits of doing a business plan, including:

        * To identify an problems in your plans before you implement those plans.
        * To get the commitment and participation of those who will implement the plans, which leads to better results.
        * To establish a roadmap to compare results as the venture proceeds from paper to reality.
        * To achieve greater profitability in your organization, products and services -- all with less work.
        * To obtain financing from investors and funders.
        * To minimize your risk of failure.
        * To update your plans and operations in a changing world.
        * To clarify and synchronize your goals and strategies.
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        • #5
          Re: Business planning

          It depends on the business or venture. But, in short yes, planning will usually make a big difference. Creating a business plan is a very key part of keeping your imagination in check, and a good business plan will take a few weeks to prepare after all the research is done.

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          • #6
            Re: Business planning

            to decide the goal.
            to utilization of resources.
            to take certain decision.
            to change company strategy.
            planning important of every aspect of business life.
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            • #7
              Re: Business planning

              beginning of an organization start from the planning. planning is first step of an organization. plan important to set the goal. and success of an organization.

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              • #8
                Re: Business planning

                Planning in all areas of life makes the difference between failure and success. This is just a starting point, but it's a great place to begin. Online business planning course. The http://www.sba.gov/ as a whole is a great resource to begin with.
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                • #9
                  Re: Business planning

                  Using your business plan, you can use various sources of information to gather statistics, study competitors and gain knowledge about production and pricing. As you work on your business plan you will understand better how your business can function well and how it can actually make money. You will be able to analyze markets, costs and prices. All these can be used effectively in planning your financial statements and estimates of revenue for the future

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                  • #10
                    Re: Business planning

                    When ever we will start business so first of all planning is most important thing, business plan should be a living road map to success, not just a one time document. A business plan is often prepared when,
                    1. Starting a new organization, business venture
                    2. Expanding, acquiring or improving any of the above.
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                    • #11
                      Re: Business planning

                      Business plans also target changes in perception and branding by the customer, client, tax-payer. When managing a business, a business plan, or B-Plan, is often confused with the term Marketing Plan.
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                      • #12
                        Re: Business planning

                        A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals.
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                        • #13
                          Re: Business planning

                          business planning is a process in which the creation of a task or goal of society, and to define strategies that are used to achieve these objectives and mission. The business planning process can be very broad, including any part of the action, or have a particular focus on overall corporate structure functions.
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                          • #14
                            Re: Business planning

                            I just think we should follow all below given tips to start a new business:
                            1) Do what you love.
                            2) Start your business while you're still employed.
                            3) Don't do it alone.
                            4) Write a business plan.
                            5) Do the research
                            6) Get professional help
                            7) Be professional from the get-go.
                            8) Get the legal and tax issues right the first time
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                            • #15
                              Re: Business planning

                              Whatever what we do, we all need to have a plan. Plans established can bring more conducive to achievement of the goals and implementation. We can expect out of human resources, capital costs and profits.
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