Making of Business Plan

Setting business goals, aims and objectives can help grow your business.

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. If you have an idea for starting a new venture, a business plan can help you determine if your business idea is viable. A business plan helps to figure out what your new business’s chances of success are.   It is the road map to the success of your business. For anyone starting a business, it’s a vital first step.

The following are the Components of a Business Plan:

• The Industry Overview
• Plan Legal Entity Structure
• Raw Material Requirements
• Process / Technical Know How
• Location Finalization
• Government Policies / Incentives available
• Market Analysis
• Competitive Analysis
• Marketing Plan
• Management Plan
• Operating Plan
• Financial Plan