A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.
Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. When the existing business is to assume a major change or when planning a new venture, a 3 to 5 year business plan is required, since investors will look for their annual return in that timeframe.
The business plan is a written document prepared by the entreprenur that describes all the relavent extarnal and internal elements involved in starting a new venture.It is often an integrasion of fountional plan such as marketing,finance,manufacturing and human resources.As in the case of Belinda Guadarrama,it addresses the integration and coordination of efective business objectives and strategies when the venture contains a varity of product and service.It also addresses both shot-term and long-term decision making for the first three years of oparation.thus,the business plan or as it is sometimes referred to,the game plan or road map answer s the questions where am I now ?Where am I going?How will I get there?potential investors suppliers and even customers will request or require a business plan.
A business plan is a written description of your business's future. That's all there is to it--a document that desribes what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan.
Business plans can help perform a number of tasks for those who write and read them. They're used by investment-seeking entrepreneurs to convey their vision to potential investors. They may also be used by firms that are trying to attract key employees, prospect