Plan to Fail or Fail to Plan?
Plan to Fail or Fail to Plan??
By, Andrew 11Dp1
"Business do not plan to fail, they fail to plan" Every businessperson that want to build or establish a business must have this statement in his or her mind first. By keeping this sentence in mind, it helps you achieving your goal (to gain profit as much as possible of course)
What is a business plan? A business plan is a written statement of the goals and objectives for the business and the steps to be taken to achieve them; it is a document that spells out a company's expected course of action for a specified period, usually including a detailed listing and analysis of risks and uncertainties. It simply a guide for your business to become a business that you want.
When people start to think to write a business plan for them, they might be thinking how to write or prepare a business plan. Here are then steps that can help to prepare a business plan,
1. Ownership structure who will own the business and who will be responsible for any debts if it occurs some day?
2. Products and Service what products and services will the business be selling?
3. Market information what is the target market? Who will buy the products or service? How large is it? How many competitors are already operating in the market?
4. Marketing plan how will the business promote, price, and distribute the products?
5. Sales plan who will be involved in the selling of the products? What business development strategies can be implemented in the future?
6. Operations plan Where will the business be located? What is its layout? What machinery is needed?
7. Financial plan How much money will be required to commence the business? Who will provide the money? What type of finance will be appropriate?
8. Human resources plan how many employees needed? How will be recruiting? What training and development of employees is needed?
9. Business environment what are the prevailing external environmental conditions? How these
By, Andrew 11Dp1
"Business do not plan to fail, they fail to plan" Every businessperson that want to build or establish a business must have this statement in his or her mind first. By keeping this sentence in mind, it helps you achieving your goal (to gain profit as much as possible of course)
What is a business plan? A business plan is a written statement of the goals and objectives for the business and the steps to be taken to achieve them; it is a document that spells out a company's expected course of action for a specified period, usually including a detailed listing and analysis of risks and uncertainties. It simply a guide for your business to become a business that you want.
When people start to think to write a business plan for them, they might be thinking how to write or prepare a business plan. Here are then steps that can help to prepare a business plan,
1. Ownership structure who will own the business and who will be responsible for any debts if it occurs some day?
2. Products and Service what products and services will the business be selling?
3. Market information what is the target market? Who will buy the products or service? How large is it? How many competitors are already operating in the market?
4. Marketing plan how will the business promote, price, and distribute the products?
5. Sales plan who will be involved in the selling of the products? What business development strategies can be implemented in the future?
6. Operations plan Where will the business be located? What is its layout? What machinery is needed?
7. Financial plan How much money will be required to commence the business? Who will provide the money? What type of finance will be appropriate?
8. Human resources plan how many employees needed? How will be recruiting? What training and development of employees is needed?
9. Business environment what are the prevailing external environmental conditions? How these