Business Considerations
BUSINESS CONSIDERATIONS
Introduction
Business management and all the associated activities of setting up and running a business is a very broad area indeed. In this text I do not intend to cover all the aspects and the reader is directed to the multitude of published material that can be found in any library. Instead I intend to provide a brief overview of some of the aspects of business management and organisation which includes the following,
Business Plan
Finance Plan
Raising Funds
Effective Business Plans Business Plan
Writing a business plan is an opportunity to present your ideas to various individuals and bodies depending on what stage of business development you are at. It is also very useful to giving you an idea if the business is as you initially imagined it to be.
It is important to note that a business plan should be a candid reflection of all the aspects of the business proposal so that everyone reading it has all the information that is available, fully analysed and presented in a suitable manner.
Your business plan must communicate effectively your business proposal, demonstrate that you are competent, that your proposal is practical, and the business plan must inspire confidence. Some tips on writing a business plan [http://www.innovateur.co.uk/key.html] • Use clear and precise language to communicate ideas. Be precise and avoid unnecessary information, even if it may be relevant. • Be absolutely clear about what you want from the investors or those reading your plan. If you want £25K for a 25% share of your business, then make sure that you say it clearly and unambiguously. • ensure that whatever you say can be verified, or if it cannot then clearly say so. For example, “XYZ [xyz] have shown that market share has increased by 5% last year..” or,
“Presently there is no data available to support this, but I believe that the public is ready and waiting for my product/service
Introduction
Business management and all the associated activities of setting up and running a business is a very broad area indeed. In this text I do not intend to cover all the aspects and the reader is directed to the multitude of published material that can be found in any library. Instead I intend to provide a brief overview of some of the aspects of business management and organisation which includes the following,
Business Plan
Finance Plan
Raising Funds
Effective Business Plans Business Plan
Writing a business plan is an opportunity to present your ideas to various individuals and bodies depending on what stage of business development you are at. It is also very useful to giving you an idea if the business is as you initially imagined it to be.
It is important to note that a business plan should be a candid reflection of all the aspects of the business proposal so that everyone reading it has all the information that is available, fully analysed and presented in a suitable manner.
Your business plan must communicate effectively your business proposal, demonstrate that you are competent, that your proposal is practical, and the business plan must inspire confidence. Some tips on writing a business plan [http://www.innovateur.co.uk/key.html] • Use clear and precise language to communicate ideas. Be precise and avoid unnecessary information, even if it may be relevant. • Be absolutely clear about what you want from the investors or those reading your plan. If you want £25K for a 25% share of your business, then make sure that you say it clearly and unambiguously. • ensure that whatever you say can be verified, or if it cannot then clearly say so. For example, “XYZ [xyz] have shown that market share has increased by 5% last year..” or,
“Presently there is no data available to support this, but I believe that the public is ready and waiting for my product/service