Business plan
Business plan is a process which the is done to meet the
certain objective & overcome the obstacle The planning is a continues
process in the business it is done time to time from long term to short term
plan
Short term plan are meant to
achieve long term plan
Business plane is a decision making tool which the business allow the
business to take effective decision in solving the problems and reaching
certain objectives in a logical way and setting
a goal in a step by step process to achieve
(The business plan is to use the resource available in hand
and manpower and creating a plan to achieve
the goal or solving the problem)
Budget
Business plan
Planning on the base of the available budget and time frame
plan should go hand to hand with the business goal
Many enterprise fail to achieve certain goal due to lack of
coordination and planning ( business consider plan are time waste ) more time
on plan mean less time to struggle to achieve the objective
Planning start from Business description tell what the
business is made and what it should be done now and what measure should be
taken in the future the business description is a tools of a business plan
business description show the structure of the business how the business
operate from inside out and the short term and long term goal
Recognizing the Problem understanding the what create the
problem and how to overcome them small problem (plan are created to overcome
the problems) cause of the problem what kind of problem (internal external ) small problem create big obstetrical in the day to day operation understating the problem is a challenge for the business it may be in the filed or office reconsign the problem before the problem grow big and hold the business in any way
Solution in next when you completely understand the problem
it isn’t very hard to find the solution to the problem even if there is no
particular solution for the problem you can always try to reduce the damage but
making some changes
( most of the time planning is done to solve the problem and find the solution to the problem) A good plan can help the business find the solution planning effectively give the business to deal with the problem in the future effectively
( most of the time planning is done to solve the problem and find the solution to the problem) A good plan can help the business find the solution planning effectively give the business to deal with the problem in the future effectively
Analyzing computation understanding what we are up against is
a crucial stage for the business the business know it had to compute in the
market and it good to know against who
Target audience /market share planning on who much audience
should be target and the market share that the business targeting in market
Financial plan who mush is to spent on what and when .The
financial plane is the crucial planning which determined the risk profit of the
business finance is not same as account it involve where the account is about
present and past but the financial plan is about future it involve many element
from cash inflow expense sales forecast and dealing with asset & liabilities
Break even analysis
Many enterprise don’t give much needed attention to the
business plan but a simple plan make a road much easier (failing to prepare is
preparing to fail) plan is like preparing to overcome the obstacle
Benefit of planning
Stay on track: plan put you in track you know what are you
going and to do next
Clear objective: business plan give clear objective what is
your goal achievement
Limitation: the limitation of the business its operating capability
and the reach of the enterprise in the financial sector business shoe the
limitation of the business with clear picture
Money management: cash inflow and out flow give the business
how much we spend and how much we have earned
Effective use of man power : planning give the business effective use of man power for the work and the daily operation the planning can utilize the man power by and the work load in the business a proper planing give full utilization of human resource
Division of work : business can divided the work with in the department by planning the business can understand the strength and weakness of the workers and divide the work that suitable for them
Full utilization of resource : the success business is which adopt quick and operate whit what it has planning give the business to create a work that can be done on the resource they have rather than holding operation to material
Effective use of man power : planning give the business effective use of man power for the work and the daily operation the planning can utilize the man power by and the work load in the business a proper planing give full utilization of human resource
Division of work : business can divided the work with in the department by planning the business can understand the strength and weakness of the workers and divide the work that suitable for them
Full utilization of resource : the success business is which adopt quick and operate whit what it has planning give the business to create a work that can be done on the resource they have rather than holding operation to material
Success: business success lies in the plan (invincibility lies in defense and victory lies in offense) so the business success lies in the never ending process of planning
