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1. provide or enhance good industrial relationship.
2.Assist in effective decision making
3.Help to solve conflicts
4.increase production
5.lead to the achievement of the goals
Additionally, in today's volatile political, economic and financial environment, the business plan may serve as a 'door opener' to the capital markets; however, to raise capital, additional 'full disclosure' information, not in the business plan, must be provided to prospective investors. The business plan may help form the foundation for these additional documents.
When we review a business plan, with an eye toward possible investment, we focus upon the management team and the cash flow summary. A properly created cash flow summary, oftentimes not available from the on-line services, will identify the cash required to achieve the company's e.g., 3 or 5 year goals.
What else can I help you with?
What is the importance and advantages of a business plan?
The importance of business plan is that a person can able to determain which business may give out more profit in that environment and social activities,and its advantage is that they able to mantain thier scarcity.
What are the elements of a business plan?
set goals for the business marketing scheme purchasing plan legal set of the business.....these are the elements of a business plan
Importance of Strategic management to business growth?
It is a plan to grow a business at a reasonable rate. If the business grows too slowly, there is not enough profit to keep the doors open, and if it grows to fast, the economic resources of the business cannot keep up with the growth.
What is a business plan. Discuss the purpose and significance of a business plan?
in simple words, business plan is formal statement of business goals and objectives over the next firve years. the main pursose of the preparing business plan is perpare comprehensive strategy detailing how and why the business will be successful and how business will take on its competitors.
Why is business plan necessary?
you can not start a business without one and if you do you will most likely fail. you have to plan costs, budget,staff,location,advertisng etc. just like you would plan for a holiday you have to plan for a business
What is the importance and advantages of a business plan?
The importance of business plan is that a person can able to determain which business may give out more profit in that environment and social activities,and its advantage is that they able to mantain thier scarcity.
Importance of contingency plan?
A contingency plan is like a backup plan. It is vital to have one in any business. That way, if the current business plan fails, the owner will have another option.
What is the importance of preparing and using a business plan?
A business plan is similar to a sat nav, it shows you how to get where you wish to get. It answers the question, "Where are we now? Where do we want to get? How do we get there?
What is the importance of a business plan in managing business growth and survival in a competitive environment?
Business plan enables you to easily foresee what you are doing and where are you going. When problems occurs, you can easily solve it. You can be more flexible when changes occurs in the environment.
Importance of strategies?
A business strategy is important because it sets the direction the business will follow to success. With a strategy, a business can develop a clear plan to compete with their competitors.
What is the importance of drafting a proper marketing plan before you start a business?
A marketing plan lays out the details of a new business, and takes into account startup costs, licensing, and expected revenue. It is crucial for securing a loan to start a business.
What is the importance of planning in a business organization?
It's important to plan in a business organization because the lack of planning can cause problems that otherwise wouldn't be there. It is wise to plan ahead for personnel, finances and other factors.
How do you transfer a business plan to an action plan?
How to transfer business plan to an action plan
Can you provide a simple comparison of a business plan vs a business model?
A business plan is an extensive plan the seeks funding; a business model is an operational business that functions in a cycle. Retailing is a business model. A plan for a new retail store is a business plan.
What is a macro business plan?
macro business plan
What is the importance of an executive summary in a business plan and how does it effectively communicate the key aspects of the business to potential investors or stakeholders?
An executive summary in a business plan is crucial as it provides a concise overview of the key aspects of the business. It effectively communicates important information such as the business idea, market analysis, financial projections, and competitive advantage to potential investors or stakeholders. This summary helps them quickly understand the business opportunity and decide whether to further explore the detailed plan.
What are the elements of a business plan?
set goals for the business marketing scheme purchasing plan legal set of the business.....these are the elements of a business plan
