Entrepreneurship Development
Business plan
It is well known to us that management has mainly four functions. First of all planninginformation system And it is considered the most important function of management. Not only in management but also every sphere of our life planning is important to achieve the goal of a person/organization. Business plan is the pre condition of a new business.Riskmanagement Without an appropriate and timely plan ,it is impossible to success. Business plan is the detailed analyzed. and understandable summary of business related information.
The business plan is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting new venture.Riskmanagement It is often an integration of functional plans such as marketing ,finance ,information system manufacturing, and human resources. It also addresses both short and long term decision making for the first few years of operation. Thus, the business plan-or, as it is sometimes referred toinformation system , Riskmanagement the game plan or road map-answers the questions, where am I now? Where am I going? How will I go there? Potential investors, suppliers and even customers will request or require a business plan.Riskmanagement
who should write the business plan?
The business plan should be prepared by the entrepreneur; howeverRiskmanagement , he or she may consult with many other sources in its preparation. Lawyers accountants, marketing consultants, and engineers are useful in the operation of the plan. Some of the above sources can be found through services offered by the small business Administration (SBA). Service Core of Required Executives (SCORE), Small business information systemDevelopment Centers (SBDC) universities, and friends or relatives. The internet also provides a wealth Of information as well as actual sample templates or outline for business planning. information system Most Of these sources are free of charge or have minimal fees for workshop attendance or to Purchase or download any information. In many instances entrepreneurs will actually hire Or offer equity (partnership)information system to another person who might provide the appropriate Expertise information systemin preparing business plan as well as become an important member of the management team.
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