Evaluation of Business Plan and its usefulness for new business venture. Free Essay, Term Paper and Book Report
Business plans are decision-making tools, which are vital for businesses of all shapes and sizes and also work as a communication tool to the outside as well as the inside world like investors, financers and friends. Therefore, planning is given the topmost priority by any owner, manager, or entrepreneur for the simple reason that it provides systematic approach to ones ideas. These systematic approaches give a platform to the talent, leadership style, competitiveness, behaviour, responsiveness, and decision making ability to a business. The essentiality of a business plan would show during the times of uncertainty, business venturing and management of risks.
A business is full of uncertainties which have always been a key issue for any continent, country, state, business and individual who highly rely on instincts and other management tools to forecast the future needs and demands. Business plan helps to deal with these issues; it provides organized approach to achieve goals set by individuals practically and psychologically. The dilemma of uncertainty and mismanagement were even f......
Word Count: 2548
Page Count: 10.1 (250 words a page / double spaced)
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