answersLogoWhite

0


Best Answer

Preparing a detailed business plan means researching various aspects of your potential business. You will need to determine exactly how you would market to customers and who you would hire for certain positions.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Explain the process of preparing a detailed business plan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Explain the Stages in a business buying process?

Step1: Recognize your need. Step2: Recognize the product which full fills your need. Step3: Evaluate Alternative. Step4: Make Decision Step5: Post purchase Decision.


How does a Small Business Loan SBA differ from a grant?

A Small Business Loan is a loan tailored to the needs of a small company. It usually comes with free advice from in-bank Business Manager.J&RJ&RGrants are a (usually government or privately assisted) financial boost, or free or subsidized services, available both locally and nationally. Check the Business Link website for a detailed list of available grants. The application process is complex, thus you may want to seek some professional business advice for the application.


Why invest in business process management tools?

The customary definition of BPM goes as takes after, "BPM is an approach or concept that tries to streamline all the aspects of business inside an association to accomplish visibility and proficiency while attempting to constantly innovate and improve the process. It must be used and implemented in a manner to bridge gap between business and technology". Business process is basically an institutionalised way to convert a set of inputs into desired output that the client would find it more valuable.Business Process Management is a process centric approach for improving business performance as well as it combines Information Technology with governance methodologies. Business Process Management (BPM) tools are utilized for automation, measuring and optimizing business processes. BPM tools use workflow and coordinated effort to provide significant metrics to business leaders.


What is the Business Process Automation strategy about?

The Business Process Automation (BPA) ist a process modern businesses use to reduce costs. This reduction in costs is gained through automating and restructuring processes and also through implementing useful softwares.


What are the six stages of investment decision making process?

with the aid of appropriate diagrams, explain the six stages of investment decision making process

Related questions

Explain how you can speed up the dissolving process when preparing juice from frozen concentrate?

When preparing juice from a frozen concentrate, the process of dissolving can be sped up. Adding hot water ad stirring are both ways to speed up the process.


Why must a risk assessment or strategy plan be considered when creating a Business Continuity Process?

A a risk assessment or strategy plan be considered when creating a Business Continuity Process because you want to know what you are preparing for and why.


Can a business process is reengineered without the support of information technology Explain?

Without IT, business processes can reengineered but with bottleneck.


Sample of business proposals?

Usually Business proposals are written to explain offer provided by a seller. It acts as a key step in complex process of the sales.


Describe wonder technology in business communication?

Describe business communication and its component as a life blood of an organization. Also explain how components interact in the communication process.


What is the process of preparing a mummy called?

mummification


Explain about the Program management?

Program Management is the process of providing execution certainty to meet the strategic business objectives of an owner.


Explain the purpose of process control block?

to explain the process currently


Which process does the opponent process thoery explain?

Color vision is the process that the opponent process theory explain.


What is the process of preparing or editing and article for publication?

redaction


Explain the seven steps in marketing research process?

Market research gathers helpful data on customers and potential customers to help in making the best business decisions. Seven steps in the marketing research process are to identify and define the problem, statement of research objectives, planning of the research design, planning the sample, data collection, data processing and analysis, and preparing and presenting the final report.


How does someone get started with their business plans?

Preparing a good business plan is a crucial step in starting a new business. You must thoroughly research the industry and clearly set your goals and objectives. Once that is done you can start formatting it into a proper business plan. There are numerous free samples and templates you can use for this process.