The Business plan is a summary document that contains and describes an entrepreneurial project. It is a reference point for business planning and management but also a sort of presentation of the business idea for potential financiers or investors. || +91 7558640644 || info@corpseed.com || https://bit.ly/32fsICE ||

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How To Create A Business Plan
Posted by corpseedservices in Business on February 20th, 2020
Business Plan
Business plan definition
The Business plan is a summary document that contains and describes an
entrepreneurial project. It is a reference point for business planning and
management but also a sort of presentation of the business idea for potential
financiers or investors.
BUSINESS PLAN: WHAT IT IS
The document that allows an entrepreneurial idea to come to life is the business
plan, a guide that contains useful references for business planning and
management and that presents the company to potential financiers and investors.
Through the business plan you can look at the success factors of ' business idea in
the long run and evaluate it on the basis of a proper feasibility analysis. It should
not be considered an absolute and static tool, but as a vade mecum that adapts to
changes that can take place inside and outside the company. In it you can identify:
1. A descriptive (qualitative) part that contains an in-depth description of the
business project with the analysis of characteristics and products, of the
market within which it would develop and the resources necessary for its
realization. In this part, moreover, a feasibility study of the business idea is
carried out in relation to the external and internal environment to
understand how the company will be able to obtain competitive advantages
over others;
2. A numerical (quantitative) part of a forecast nature and with economic and
financial projections relating to the business idea. This part presents the
idea in numbers and takes into account the business plan, the investments,
the economic plan, the financial flows, the loans and the balance sheet.
3. Related Post: Find you’re Business: Here are the Top 10 Ideas for Doing
Business in 2020

2. The definition and structure of a business plan, albeit similar in its fundamental
features, differs according to the purpose for which it was drawn up. Among the
documents that make up a business plan model, the following can be identified:
1. the description of the business project;
2. the description of the product / service;
3. the history of the company and its organizational structure;
4. the statement of administrative aspects;
5. the sales plan and the financial structure;
6. the investment plan;
7. know-how analysis and prospectus of the necessary human resources;
8. the analysis of the production cycle;
9. Asset, economic and financial forecasts.
10. Related Post: The Guide to Starting a Business in the United States
The Functions of the Business Plan
The business plan is a modern medium-long term simulation tool for company
dynamics which generally performs two main functions. The first is to rationalize
the business idea in the light of the success factors and the gaps present. Once the
feasibility of the business idea has been decreed, the elements that compose it
end up outlining the strategy to be followed in the following phases. The second
function to which the business plan performs is the presentation of this idea to
third parties, in order to evaluate its economic initiative, its potential and the
risks associated with it. In this case it acts as an information medium and is part of
the documentation to be attached to the financing applications for banks and
financial institutions.
Specifically, the status (Startup India Registration, existing or expanding
company) that the company holds when drafting the business plan can also play
the role of:
1. business planning and management tool;
2. tool for verifying the variance of the results of the business units;
3. tool for the analysis of attractiveness and criticality;
4. Monitoring tool.
Related Post: Open a Service Company: How to do it? Tips for a great start!
Tags
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economic, this, contains, related, structure, post, with, management, feasibility,
planning, project, description, potential, business plan, business idea
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