The document outlines what a business plan is, what it typically includes, and the advantages and disadvantages of having a business plan. Specifically: - A business plan is a formal written document that contains business goals and strategies, used especially by startups, to help attain those goals within a set timeframe. - A typical business plan covers topics like the business overview, goals, strategies, products, target market, business model, funding needs, and marketing strategy. - Advantages include helping to stay on strategy, clarifying objectives, better planning cash flow, and making it easier to gain funding. Disadvantages are that it takes time/money and can discourage innovation once set.

1. Business
Plan
MAMDHOOHA ABDUL AZEEZ

2. Contents
• Introduction
• What is a business plan?
• Contents of a business plan
• Advantages of business plan
• Disadvantages of business plan
• Conclusion

3. Introduction
• This presentation is about business plan. What a business
plan is and what it entails will be highlighted in this
presentation. Moreover, the importance of a business
plan to businesses, the advantages of having a business
plan and the disadvantages will be looked at.

4. • A formal written document containing the goals of a business, the methods for attaining those goals,
and the time-frame for the achievement of the goals.
• Background information on the organization and the different business strategies to implement
• A decision making tool
• Usually used by start-up businesses
What is a business plan?

5. • Business overview- name, logo
• Business goals
• Strategies to achieve the goals
• The product sold and the target market
• The business model
• Number of employees and departments
• Cost of organizing the business
• The sources of revenue
• Funding requirements
• Anticipated profit margins
• The market share
• Competition
• The marketing strategy

6. Advantages
of
Business plan
• Helps to stay on strategy
• The business objectives will be clearer
• Plan and manage cash flow better
• Easier to gain funding by presenting
the business plan
• Employees will understand their tasks
better
• Know the progress and success of the
business

7. Disadvantages
of
Business plan
• Time consuming to prepare
• Expensive to make
• Less flexibility if the business plan
is strictly followed
• Might discourage innovation after
the plan is set
• Some objectives set may not be
realistic

8. • Business plan is a document outlining the goals and various important information regarding
the business. In this presentation, we looked at what has to be included in a business plan and
the benefits and drawbacks to businesses of having a business plan. Even though there are
some disadvantages, it is more profitable for businesses to have a set plan.
Conclusion

9. Thank
You