Vivek Kaushik Apps
How to write a business plan 1.0
A Business Plan helps you evaluatethefeasibility of a new business idea in an objective, critical,andunemotional way.• Marketing – Is there a market? How much can you sell?• Management – Does the management team have the skill?• Financial – Can the business make a profit?It provides an operating plan to assist you in running thebusinessand improves your probability of success.• Identify opportunities and avoid mistakes• Develop production, administrative, and marketing plans• Create budgets and projections to show financial outcomesIt communicates your idea to others, serves as a “selling tool,”andprovides the basis for your financing proposal.• Determine the amount and type of financing needed• Forecast profitability and investor return on investment• Forecast cash flow, show liquidity and ability to repaydebtWho will use the plan? If you won't use the plan to raisemoney,your plan will be internal and may be less formal. If youarepresenting it to outsiders as a financingproposal,presentation.
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Paid Social Media Jobs 0.1
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