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BUSINESS PLAN (CREATING AND STARTING THE VENTURE)
The document outlines the key components of an effective business plan, including describing the venture, production plans, marketing strategies, organizational structure, financial projections, and risk assessment. A business plan is an important document written by the entrepreneur that communicates the vision, goals, and strategies for starting a new business to stakeholders like investors. It provides a comprehensive overview of all relevant internal and external factors for establishing and operating the new venture successfully.
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BUSINESS PLAN (CREATING AND STARTING THE VENTURE)
- 1. BUSINESS PLAN CREATING AND STARTINGTHE VENTURE
- 2. • WHAT IS BUSINESSPLAN Dreams of Glory Most important document to the entrepreneur at the start up stage Written document describing all relevant internal and external elements and strategies for starting a new venture WHO SHOULD WRITE The Entrepreneur
- 3. WHO USE THEBUSINNESS PLAN Entrepreneur and all Stake Holder : to maintain perspective as to what needs to be acomplished Investor : to consider investing in a new venture
- 4. The Scope ofBusiness Plan • Description of the venture • The vision, mission, goals and objectives • Characteristic and culture • Production Plan • Operational Plan • Marketing Plan • Organizational Plan (Human resources plan) • Financial Plan • Strategic Plan • Assesment of Risk
- 5. Outline of aBusiness Plan • (Read Table 7.2, page 210)