Business Networking

Hello every one, i am Saumya and right now schooling so am not very much familiar with "Business Plan"

So is there some one who would tell me about what the basics of a business plan are???

Hi Saumya!

Business Plan: it is a properly documented plan to start any business, including each and every aspect of the idea to be implemented like
what's the basic concept,
what are the sources of getting fund,
what is the marketing strategies,
what are the section of the market to be targeted,
who shall be the customers,
and like things are properly explained in a business plan.

A business plan is useful not only to convince the financiers, but also to start the implementation of the business concept.

therefore every entrepreneur should make a business plan for his/her concept before actually starting it.

Hello!
Business plan is essential for lenders and investors who want to see hard figures before putting money into your business. Solid financials could help you get loans and attract investors, even if you aren't operating yet.
Writing a business plan will force you to objectively develop and evaluate your tactical and strategic plans. It will also help you identify the opportunities and risks encountered as a result of your decisions. You will better understand the environment in which you operate the strengths and weaknesses of your business, the competition, and the validity of your assumptions. Most importantly, you will understand who your customers are and how you can meet or exceed their needs and expectations.

hi samuya!

i think business plane of an idea which consists of following thing.

marketing plane.
revenue model.
Financial Strategy .

Hello

I think business plane is which consists of every thing by which any idea can change the life of any society.
it includes every thing like marketing and financial planing for the business


Nidhi

rahul123 wrote:

QUOTE:
hi samuya!

i think business plane of an idea which consists of following thing.

marketing plane.
revenue model.
Financial Strategy .

hhmmmm.... this probably covers every important point needed for a business plan....