A business plan is a written document that describes all internal and external elements and strategies for starting a new business venture. It integrates functional plans such as marketing, finance, manufacturing, and human resources. Developing a business plan is important as it helps determine market viability, provides guidance for planning activities, and serves as a tool for obtaining financing. Once the business is started, the entrepreneur should regularly monitor key metrics like profit/loss, cash flow, inventory, and sales to measure progress against the original plan.

1. The Business Plan : Creating and
Starting the Business
Samayak Veera

2. What is a Business Plan?
 A business plan is a written document
prepared by the entrepreneur that describes
all the relevant internal and external
elements and strategies for starting a new
venture.
 It is a integration of functional plans such as
marketing, finance, manufacturing, sales and
human resources.
Samayak Veera

3. Samayak Veera
• Planning is a process that never ends for a
business.
• As the venture grow up to mature business,
planning will continue.

4. Why have a Business Plan?
 It helps determine the visibility of the venture
in a designated market.
 It provides guidance to the entrepreneur in
organizing his or her planning activities.
 It serves as an important tool in helping to
obtain financing.
Samayak Veera

5. Samayak Veera
It is often necessary for an entrepreneur to give
a presentation of the business plan (perhaps 20-
minutes or half-hour).

6. Measuring Plan Progress
Entrepreneur should check the profit and
loss statement, cash flow projections, and
information on inventory, production,
quality, sales collection of accounts
receivable, and disbursements for the
previous month.
Samayak Veera

7. Thank You
 Samyak Veera
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Samayak Veera