A business plan is written summary of a business man’s proposed business, plan is an operational and financial details, plan is marketing opportunities and strategy and also plan is manager’s skills and abilities.
Every business must do the plan because there is no substitute for well-prepared plan. The plan is very important in the business because the plan helps business man in his journey to building successful business.
“A business plan should be the place where the map is drawn, for, as every traveler knows, a journey is a lot less risky when you have directions” (one writer says that).
A business plan describes the direction the company is taking, for example what goals are and where it wants to be.
The business plan has two essential functions:
1) Plan manages the company’s operation by charting its future course and developing strategy.
2) The plan gives a battery of tools, mission statement, goals, objective, budgets, target market, and strategies.
The planning to help managers lead the company successfully and also provides man...
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Purpose of a Business Continuity Plan A Business Continuity Plan (BCP) is a comprehensive plan that helps a company prepare for different types of emergencies. The goal is to ensure that mission-critical functions, or Critical Business Functions (CBFs) continue operation after a disaster strikes (Managing Risk in Information Systems, 2011). A business continuity plan also contains a Disaster Recovery Plan (DRP) which concentrates on restoring all data and information technology. Scope of Business Continuity Plan This BCP will focus mainly on the headquarters of DLIS, Battle Creek, MI; which “has a global reach and at least 50 file servers and various databases (12) running everything from... [tags: Business continuity planning, Management]
953 words (2.7 pages)
- Our plan is to have various t-shirt designs promoting “going green”. We also plan to have these designs printed on other things as well such as recycled bags. Our main colors that we are most definitely going to use are green on white, so that the green is very bold and simple, but we will offer other colors as well. We will use the best quality t-shirts and bags so that they will last for a long time and will be worth your money. The benefit for selling these shirts is that the customers will be our prime donator to our charities because their interest in our store is going towards our selected charities.... [tags: Business Plan]
710 words (2 pages)
- 1.1 Purpose of a Business Plan The business plan is not only a roadmap for a new or existing business, but also a guiding tool for getting a loan or seeking potential investors. The business plan put together all different pieces to clarify thoughts. This organised process is necessary to point out every important step and identify potential problems. It is an effective means to make a business profitable. A good plan clearly explains the objectives, vision, and mission of a business. It clearly states the present capital, sources of investment, and the means by which the borrowed money will be paid back.... [tags: Strategic management, Management, Organization]
834 words (2.4 pages)
- Purpose of the report: The aim of this report is to analyze various “wellness plans,” their advantages and disadvantages both to the employee and to the employer. This will give a guide on which wellness plan is the most suitable to implement and give recommendations to Coca-Cola company on which wellness plan is the most suitable to implement. Methodology: The collection data primary and secondary sources were used. For primary data, some interviews were conducted with employees so that a detailed overview of the programs can be analyzed.... [tags: Coca-Cola, The Coca-Cola Company, Health care]
1244 words (3.6 pages)
- As a small time business owner, ownership and upkeep of a page devoted to your business will first cost time. Time is unfortunately something that people in this line of work are commonly lacking. By its very nature, time is a limited resource that must be allocated intelligently. Creating documentation, and advertisements for the purpose of keeping an up to date page requires a fair amount of time. Paired with the fact that, like anything else reliant on the general public, online support could always fail and become a waste of time.... [tags: Business, Small business, Orkut, LinkedIn]
942 words (2.7 pages)
- According to my resources, exactly 78 percent use personal savings and finances to start a own company (MURE1). Most businesses tend to be run by families (MURE2). Due to the business being run by the family , the entrepreneurial craft is strengthen down the generation. Establishing a business independently can be frightening, but it can be beneficial in the long run. To become a successful entrepreneur, one must get the proper training, create an effective business plan, and maintain a solid organizational structure.... [tags: Management, Entrepreneurship, Business school]
1495 words (4.3 pages)
- When one thinks of the Walt Disney Company and all it has to offer, it brings a smile to their face. Believe it or not, the Walt Disney Company has brought countless smiles to millions since 1925. Ever since birth, the company has embraced the filter of satisfaction to its customers creating the “Happiest Place on Earth” philosophy. (Blitz, 2014) In order to maintain this philosophy, the company meticulously capitalizes on strategic tactics to ensure their iconic status never fades away. Popular names such as Mickey Mouse started with Disney, and were the infrastructure of an organization that has now enlarged it’s territory into several entertainment studios, theme parks, products, and oth... [tags: Walt Disney, The Walt Disney Company]
716 words (2 pages)
- Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.... [tags: business plan, business development]
1473 words (4.2 pages)
- Internet Cafe Business Plan 1.0 Executive Summary JavaNet, unlike a typical cafe, will provide a unique forum for communication and entertainment through the medium of the Internet. JavaNet is the answer to an increasing demand. The public wants: (1) access to the methods of communication and volumes of information now available on the Internet, and (2) access at a cost they can afford and in such a way that they aren't socially, economically, or politically isolated. JavaNet's goal is to provide the community with a social, educational, entertaining, atmosphere for worldwide communication.... [tags: Business Entrepreneurship Management Essays]
5124 words (14.6 pages)
- Campus Calendar Case I. Background A. Organization Mission Statement To provide appealing, cost effective and user friendly calendar products to the student, faculty, and supporters of Z University and the general population B. Organization's Long Term Goals/Objectives The group wanted to develop and market a product "any product" for the express purpose of making enough money to fund their senior year of tuition of $500 per quarter and gain some practical experience in business. I would imagine that if the group became successful there would be individuals that would continue to operate the business.... [tags: Business Plans]
1951 words (5.6 pages)