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A business plan serves to satisfy several necessities including:
1. Provides the company with direction and guidance for achieving its, i.e., 3 or 5 year goals and/or objectives, and
2. Provides financial projections and goals enabling management to evaluate results vs. projections, and
3. Provides a source document used by financial institutions in helping them decide on extending credit and/or loaning capital to the business, and
4. Provides a foundation for the full disclosure information required by the Securities Act of 1933, as amended, when raising capital.
What else can I help you with?
How do you use business plan in a sentence?
I need to write a business plan to show the bank how the business will operate.
Creating a Business Plan for Your Small Business?
Before your start a small business, there are important steps that must be taken to ensure your business' profitability. The first step in starting a small business is to create a business plan. This plan will outline the goals of the business, the start up capital and profit margins. The business plan will also discuss the day to day operations of your business and how it will be run in your absence. This plan is imperative if you will be seeking a commercial small business loan from a bank or if you will be leasing commercial space. Your business plan is not etched in stone and can be altered as the business' needs changed. The business plan is the first and most important step in starting a small business.
How long should a business plan be?
How many pages should a Business Plan have?
Why is the business plan essential to the health of the business?
Business plan is the road map of your business to see where it will go in a certain time period, without a business plan there is no way to reach your targets and you may loose the business and this is the unhealthiest position you can get into.
Explain the difference between marketing plan and business plan?
This depends on your definition of marketing. In a marketing focused organization the marketing plan is the business plan and considers all aspects of successfully bringing a product or service to market. However if you're in a business context such as pitching your business ideas your business plan will be more focused around projected earnings and a timing plan. Most of the time when a business plan is mentioned it refers to the documentation put together before the business is formed which outlines the market opportunity, how the business will be run, financial projections, etc. In this case the marketing plan would be a component of the larger business plan. For ongoing business operations, the marketing plan becomes the document that guides the company.
Definition of business plan?
The business plan serves a multiplicity of purposes for the entrepreneur who is planning to start a business. It will help you allocate resources and set realistic goals for yourself. It will establish standards for measuring the performance of the business. Most importantly, because the success of your business will depend upon the quality of the decisions you make, a good-business plan can be vital for the decision-making process
What are the components of a business plan to help in taking out a loan?
A business plans needs to cover what you plan on your business to do, how you would make it happen, and what the funding is needed. You also need to present your business and yourself personally, in the best manner as possible to increase the chances of taking out a loan for business purposes.
What is purpose of Business plan?
Maintaining Focus Securing Finanace Fueling Ambitions Enlightining executives Moreover u can view details about thz on http://smallbusiness.chron.com/main-purposes-business-plan-2599.html
What freeware tools can be used for business purposes?
Adobe Acrobat Reader, Open Office,Eudora Pro 4.3, Fax Launcher for Windows,BS/1 Small Business, Business Plan Templates,
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 are the types of business plans?
There are different business plans for different purposes. I am going to assume you're asking about the more common 'start-up' business plan. This is a business plan someone creates so they can get approval to start a business from banks, city councils, investors etc.There are other types of business plans as well:Internal Business Plans - an existing business can write a plan to improve performance, cut costs, expand services, etc.Strategic Business Plans - A business can create a strategic business plan to layout the timeline for rolling out different products or services to attract new business.Feasibility Plan - A feasibility plan is used so a company or potential company can think through the business process to see if an idea or product has the ability to turn a profit. Sometimes a solid feasibility plan will keep you from making major business mistakes.If you're looking for more information about a 'start-up' business plan or want to look at some samples and templates visit ecommercebusinessplan.net.
Can a business purchase stock for investment purposes?
Yes, a business can purchase stock for investment purposes.
Can you go to Israel for vacation or business purposes"?
Yes, you can travel to Israel for vacation or business purposes.
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
What are the names of some business plan software?
There are a lot of software programs that focus on business plans. A small list of these are: Business Plan Maker Professional, Excel Business Planner, Palo Alto Business Plan Pro, and Live Plan Business Plan Software.
