A business plan is an important test of clarity of thinking and clarity of business. It is important that each of your staff have a clear understanding of your goals. This promotes good business plan.
Forecasting the next stage of growth your business and its planning can minimize the surprises that come across your business. “Surprises are good for birthdays, but can be fatal for business”.
A business plan is usually developed to achieve one of the following purposes, or both:
To create a “frame” for the activities of the management in achieving the company’s goals
To convince investors that investing in your business is the right choice
Useful information for the preparation of different types of business plan below. If you are preparing a business plan for presentation to venture capital investors, it is important to know in advance how investors read a business plan and how they will evaluate your business plan.