A business plan is a formal statement of a set of business goals, the reasons why 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.
why business plan:
-This Systematic approach to planning enables you to make your mistakes on paper,rather in the market place.
-Make you feel confident about your ability to set up and operate the venture.
-Business plan shows how much money and time are needed.
-you will prepare yourself for different step in real market.
(Barrow,1998,'The business plan workbook',fifth ed, London and sterling ,)
This can give some insights for your assignment Mohammed. Thanks!
ReplyDelete