How to write a Business Plan.
A business plan is considered to be a written document that details the proposed venture. It can be defined as the description of the business and what the owner manager wants it to become over, say, a year to come A business plan contains targets, estimates and projections and describes how these will be achieved. It illustrates the current status, expected needs and projected results of the new business. On the whole, the business plan serves as the entrepreneurs’ road map for a successful enterprise. It is the minimum document required by any financial source. It also allows the entrepreneur to enter the investment process. One of the most important steps in setting up a new business is to develop a business plan This plan allows the owner-manager to crystallise the business ideas and to think through the problems the business venture is likely to face before the firm can actually cope with them. Designing and writing a business plan should be seen as the outcome of care...