What a Business plan is to an Entrepreneur
To succeed in your chosen business, a good business plan is crucial. It is said that if you fail to plan, you plan to fail. A lot of people consider a business plan as only a necessity for financing requested by bank. Business plan goes beyond financing requirement from banks, it is also a working document for business implementation, for startup to track sustainable growth for existing business. In a process which forces the entrepreneur to consider objectively all elements that contribute to a successful enterprise. A good business plan is: 1. A planning tool that spells out goals, strategies and objectives in a systematic, realistic and honest manner. 2. A guide for operations and performance measurement that will serve management in the implementation of the project at hand. 3. A financing document that will obtain for the enterprise the necessary funding provided is well researched and documented and the financial projections ...