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Posted: Thu 18:17, 01 Aug 2013 Post subject: barbour Why do we need a business plan |
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A business plan is for a business to look further, allocateresources, focus on main points, and prepare for place ofimprovement and problems. However, many people think that [link widoczny dla zalogowanych] thisplan is for new business only. But they are also important forrunning a business towards success. Business need plans forbetter growth and development.
Copyright ? Cecilia Chang
Let's talk about business plan. Business planning gives us anoverlook of the outcome.
Next is how we carry out the plan. This is where to show thatthe plan works. It is forever easier said than done. Do youagree? The plan is just only words or theory unless you lead orguide your people to get the tasks done. Business planning isabout knowing the outcome and improvement to your business.
Most important factors in a [link widoczny dla zalogowanych] business plan are the cash flow andhow you go starting [link widoczny dla zalogowanych] about it.
In our everyday life, we plan what or where to eat; where to goafter work; what to buy; what time to reach a place; we've somany plans all [link widoczny dla zalogowanych] day. When you finish college, you [link widoczny dla zalogowanych] step intoanother stage of planning whereby you've to go out to work,parents will no longer support you. When you've adequateearnings, you'll plan when to get married, have children and soon.
What is a plan? Plan is divided into steps or point form for youto analysis [link widoczny dla zalogowanych] and to reach the place you want to go. A person canhave many plans, from his personal life to [link widoczny dla zalogowanych] workings days. Incompanies where business plans exist give us an overlook of howthe outcome will be if work is carried out.
Why cash flow is important? We need to understand this term forsuccess in business. Cash is often misunderstood as profits. Butboth are different. Profit is just the numbers showing in youraccount, [link widoczny dla zalogowanych] it's not the real [link widoczny dla zalogowanych] cash in your bank yet. Manyprofitable companies close down due to cash flow problem.
A simple plan includes the [link widoczny dla zalogowanych] summary, mission, key to success,market analysis and break-even analysis. This result can showwhether or not this business is worth to proceed with a detailedplanning. But it's not enough to run a business.
A detailed business plan consists of these points: 1ExecutiveSummary 2Objectives 3Mission 4Keys to Success 5Company Summary6Services [link widoczny dla zalogowanych] Do you? We are growing upas planned since we [link widoczny dla zalogowanych] How to? Can we go touniversity without going [link widoczny dla zalogowanych] through our pre-schools and higherschools examinations?etc. we can't. If your dream is to become alawyer, you need to study laws or a salesperson, you're to havea good communication skill.
There's a quote say 'Fail to plan is plan to fail'. Do youagree? You need a plan to work things out. If you have no plan,you'll find yourself going no where, end up stuck or lost. Butthings will go a lot smoother when you have a plan in hand.You'll find more time and success will come as you follow thestep by step procedure.
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