Those Who Fail To Plan, Plan To Fail.
Business is an activity to produce an item or to render a service initiated by an entrepreneur. The main objective of a business is to strengthen in following categories:
Profit Maximization or To Earn Maximum Profit
- Sustainability or To Develop a Sustainable Business by Creating Stable Customer Account
- Customer Care or To Achieve Customer Satisfaction
- Employment Generation or To Generate Employment for Society
- Competitiveness or To Remain Competitive in Industry.
A business plan is an organized and temporal description of a business struggle, it provides professional guidance to entrepreneurs and sets course of actions for them. It makes the business struggle systematic, planned, and stable. A business plan covers multiple aspects of a business struggle; generally, a business plan has following sections:
- Executive summary
- Company Overview / Description of the Business
- Market Overview
- Company Structure – A Technical Review of Business
- Management System – A brief description of Conceptual, Structural, & Operational Aspects of Institution
- Financial Analysis
- Economic Analysis
- Business Strategy
- Work Plan
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