Monthly Archives: October 2013
Business planning, feasibility study of investment efficiency is the document, which does not make sense to start a new venture or a new event in the company. It is a powerful management tool, the key to successful implementation of the project.
The objectives of the business plan may be different. A business plan is needed for:
External use, to attract investment. In this case we are talking about a document to a potential investor of the loan.
Internal use: to assess the efficiency of investment to owners and shareholders of the company. Continue reading
A business plan is a formal statement set business goals, the reasons why they are considered attainable and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.
Business plans can be aimed at changing perceptions and branding for consumers, customers, taxpayers or the wider community. Business plan for 3-5 years is required when it is anticipated a significant change in an existing business or when planning a new enterprise, as investors will be in the first place, to see your potential annual income in these periods. Continue reading