Defination of perfect business plan???

Re: Defination of perfect business plan???

Thank you for the wonderful defination about business.

Re: Defination of perfect business plan???

Hello

A business plan basically defines your business, serves as the complete resume of your business firm, identifies your goals and gives you a definite place in the path of business success. A properly made business plans help you to allocate resources properly, handle unforeseen complications and make good business decisions. So it is the business plan that helps you to fulfill your dreams of business success. Simplicity is the best way for people to understand the business plan perfectly. You should put down important details about how to produce, for whom to produce, when to produce and last but not the least important thing is what to produce. Try to have business cards, brochures, and stationery and obtain all types of licenses, registrations and permits so that you do not face any legal problem while conducting the business.

Thanks for sharing and reading

Re: Defination of perfect business plan???

Thanks for the brilliant advices and tips.
Please keep sharing such interesting topics, i am learning a lot here.

Regards
Ben Thomas

Re: Defination of perfect business plan???

Hi,

I agree with Ben as i am learning a lot here too.
I would like to add that if the planning is flawless, one just does not have to think about making decisions about individual problems as they would have been already considered in the planning phase.

Regards
Frank Slade

Re: Defination of perfect business plan???

Great informative post, That's why understanding the definition of a business plan is so important. When properly developed and maintained, a business plan can help to keep focused. In that sense, the answer to the question, "What is a Business Plan?" or "What is the definition of a business plan?" is simply that a business plan is a road map for a business: What it does, who's involved, who is included in its market and why the business should be successful against the competition.

Regards,

Re: Defination of perfect business plan???

If it is done with extensive care it provides best results

Re: Defination of perfect business plan???

Hello Friends.....

A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized.

Thanks

Re: Defination of perfect business plan???

I would like to thank everyone in this forum for sharing such cool and informative tips and i would like to add that a business plan is not perfect that does not have room for up-gradation. So, one must keep in mind that it needs to be flexible.

Regards
Jack Wilson

Re: Defination of perfect business plan???

Thanks for sharing the cool definition and i agree that the basic motive of business is money and one should always keep it in mind and work accordingly.

Joe Forest

Re: Defination of perfect business plan???

The general notion and old saying of "Those who fail to plan, plan to fail" can hold great meaning for someone who wants to start or operate a business. Even if outside funding is not necessary, it might become necessary as the business grows and if it does not, the business plan is a a valuable tool that can help a business owner understand the market and competition, keys to avoiding business failure. That's why understanding the definition of a business plan is so important.When properly developed and maintained, a business plan can help to keep focused. In that sense, the answer to the question, "What is a Business Plan?" or "What is the definition of a business plan?" is simply that a business plan is a road map for a business: What it does, who's involved, who is included in its market and why the business should be successful against the competition.

Thanks for sharing
Have a great day

Re: Defination of perfect business plan???

The general notion and old saying of "Those who fail to plan, plan to fail" can hold great meaning for someone who wants to start or operate a business. Even if outside funding is not necessary, it might become necessary as the business grows and if it does not, the business plan is a a valuable tool that can help a business owner understand the market and competition, keys to avoiding business failure. That's why understanding the definition of a business plan is so important.

When properly developed and maintained, a business plan can help to keep focused. In that sense, the answer to the question, "What is a Business Plan?" or "What is the definition of a business plan?" is simply that a business plan is a road map for a business: What it does, who's involved, who is included in its market and why the business should be successful against the competition.

Re: Defination of perfect business plan???

Although I do think that a Business Plan can be a great tool
to inform third parties about your Business....,

I wonder if the concept of a Business Plan can be all that perfect because
I do think that chances are that you can 'Paint yourself Stuck' being inflexible that way.
So personally I prefer to look, en-vision it as a 'Business Model' being
able to have more freedom and be more flexible that way.

All the Best,
To your Happy - Small Business - Inspiration,
HP

Re: Defination of perfect business plan???

I just like all the definition because these are not copied from book, these are from personal knowledge and explain in own language to understand easily thanks for sharing such good information

Re: Defination of perfect business plan???

Definition of the business: The business plan should define the nature and the scope the business has. Some of the parameters that it would include are geographical area, reasons for choosing it, risks involved, and also the return on investment.