THE SECRET OF BUSINESS SUCCESS IS BUSINESS PLAN Read & Share The business plan is not the only document taken into consideration by financiers, but a business plan which does not verify a coherent team management strategy will surely distance any potential investor. The business plan allows effective communication between all levels involved in the operations of the business. Communication between associates who manage the business and the owners of the firm is eased, thus reducing the classical conflicts between the management and the shareholders

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www.qaasoo.com March 2017 º Vol 2 Issue 1
THE SECRET OF BUSINESS SUCCESS IS BUSINESS PLAN
Business is a swamp; success depends on how well you maneuver it.
DrBiz Arikrishnan
We recently read some articles saying that the business plan is death
for technology companies or start-ups, simply because the pace of
business is faster than you can write the plan.
The same people claim that a business plan is more appropriate for
slower paced industries such as construction or pharmaceuticals; long
iteration times and well established business models are not likely to
change in the short term. These industries have well understood market
information that leads to greater predictability.
We may agree that technology related businesses are fast changing
but why would someone step into unknown territory. Is it just for the
sake of getting start-up investment funds or try out only?
We at Qaasoo strongly suggest that some kind of planning needs to be
done prior to getting into any business swamp. Remember, failure to
plan is a sure plan to fail.
WHAT IS A BUSINESS PLAN?
The business plan allows the direction of the activities in the firm and
the quantification of predictable effects of decisions taken by the
owners.
It is an instrument to possibly project the future of the firm. It could also
establish the financial means to allow the unwinding of a successful
business proposition.
The business plan gives a first impression of actual perspectives of the
business so that loss or wastage can be avoided. The merits of actually
operating the business can be portrayed in a well written business plan.
WHAT DRIVES BUSINESSES TO
SUCCESS ?
Through the business plan, the
entrepreneurs are “forced” to consider
the aspects which could save them from
a shallow approach. Simultaneously,
they might discover weak points of the
business or spot new ideas that could
enhance its profitability.
The provisions of a business plan are not
always entirely integrated to effect
accomplishments; but, if the plan is well
elaborated, the data can serve as a
control instrument for achievable results.
The business plan is not the only
document taken into consideration by
financiers, but a business plan which
does not verify a coherent team
management strategy will surely distance
any potential investor.
The business plan allows effective
communication between all levels
involved in the operations of the
business. Communication between
associates who manage the business
and the owners of the firm is eased, thus
reducing the classical conflicts between
the management and the shareholders.
The business plan also ensures periodic
communication on accomplishments and
failures allowing reasonable explanation
of implementation of probable corrective
measures.
The existence of a business plan may
also be a means through which
managerial competence is proven such
as the responsibilities of the financial,
material and human resource managers.
A well designed business plan shall go a
long way to drive the business to
success.

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www.qaasoo.com March 2017 º Vol 2 Issue 1
The drafting of a business plan allows:
i. the establishment of the necessary resources
ii. the realistic plan to obtain those resources
iii. the forward plan for the various stages of the business
iv. the surveillance and coordination of management in business
v. the solving of possible imperfections
The business plan is called for by investors, future creditors and
possible shareholders.
They shall learn the following from the content of the business plan:
i. the consistency of the business
ii. the viability of the business
iii. the benefits to be accrued from the business
iv. the necessary financial resources
v. the bankable profits
The profitability of the business has to be realistic and based on
fundamentals. The conclusive purpose of starting a business shall be to
attain short term advantage and develop an enduring business.
It is obvious that a long term strategy is not possible without precise
evaluation of probable consequences from decisions taken and
prevalent risks. The preparation of a business plan includes statistical
and sectional analyses, market surveys and feasibility studies.…a lit bit
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Scientific evidence indicates that
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When a business is authorized to
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