What Is a Business Plan?

**fellows** · 09-08-2010 02:22 AM

A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized.

**adison55** · 09-08-2010 02:29 PM

Hi

A business plan is any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems and opportunities.
Unfortunately, many people think of business plans only for starting a new business or applying for business loans. But they are also vital for running a business, whether or not the business needs new loans or new investments. Businesses need plans to optimize growth and development according to priorities.

Thanks

**jeffrey00** · 09-08-2010 03:45 PM

Hi

facts, forecasts and involves choosing among alternatives. It is an ongoing process that prevents small problems from becoming big. In daily life spend 10-15 minutes at the beginning of each day planning for the day or next day; it will help you to schedule your priority task, organise yourself well, it ensures unity in decision making, change management, stability, measures performance standards, achievement of purpose and provides solution to problems which helps in survival, growth and progress, keep some spare time each, as expected situations may arise.

Thanks

**fellows** · 09-09-2010 02:01 AM

Planning facilitates decision-making. Planning draws on a wide range of knowledge from many different business disciplines like finance, human resource management, intellectual property management, supply chain management, operation management, marketing and production management. Planning is not guesswork; it is a conscious determination based on objectives, facts, forecasts and involves choosing among alternatives. It is an ongoing process that prevents small problems from becoming big.