A business plan is a comprehensive document that lays out a detailed program of actions to convert an idea into a successful business entity. It addresses what needs to be done, when, how, who will do it, how much it will cost, and how much time it will take. The basic components of a business plan include an introductory summary, details on the proposed business and product/service, a market study, marketing strategies, production/operations, finances, and organization/management. Developing a business plan provides benefits such as highlighting key elements, addressing critical issues, facilitating evaluation, gaining support, aiding timely implementation, enabling registration, and preparing the necessary groundwork.

1. Business Plan
(Formulation of Project Plan )

2. Definition of Business Plan
It is a function which implies a comprehensive
and extensive task of devising and laying out
in distinguished sections a detailed program
of actions to be carried out to convert an idea
into a safe and sound business entity.
Its is groundwork in preparation for making a
proposed venture start and grow smoothly

3. What will have to done ?
When will be done ?
How will be done ?
Who will do?
How much it cost?
How much time it takes?
Business Plan – A Basic Document

4. Components of Business Plan
I. Introductory Summary
II. Proposed Business
III. Product or Service
IV. Market Study
V. Marketing Strategies
VI. Production or Operations
VII.Finance
VIII.Organization and Management

5. Benefits & Utilities of Business Plan
Highlights basic elements
Deals with decisive issues
Assists in evaluation
Service to gain support
Helps timely implementation
Facilitates registration
Prepare groundwork

6. Any Doubts