What is ‘Business Plan’ ? Explain the guidelines for preparing Business Plan.
Answers
Answer:
Explanation:
The plan refers thinking in advance what to do, how to do, and Why to do to achieve certain goals and objectives under working as a single unit.
Business plan - This refers to the process of thinking in advance for the business firm about its operations, development, and function that can help in the growth and expansion of the firm.
Business Plan is an important concept due to the reason - It includes the methods and techniques that will be applied in the frim to achieve its targets.
Guidelines for the business plan are -
• It should be flexible to bring efficiency in working.
• Concert concept behind the idea to be projected.
• Authentic and Reliable communication among the firm.
• Qualitative and Quantity Measure applied for better results.
• A quick response on the subject should be made.