Writing of Business Plan Business & Marketing Article (Article Sample)

WRITING A BUSINESS PLAN FOR A START-UP
A Business Plan is a summary of the details pertaining to new venture. It outlines all the plans, strategies, solutions and the management model of the start=up. Business Plan is a very important and crucial tool from the launching stage through to the evaluation of the business at the end of a trading period. Basically it serves roles such as;
-focus on the core business activity of the enterprise,
=can be used as a tool for securing external funding,
-acts as a reference tool in the execution and management of the firm
-and for setting up and driving the enterprise’s ambition and agenda.
To get it right in any Business Venture, it’s therefore prudent to develop and adopt a precise and Exhaustive business plan. Such a plan should contain the following important components or contents:
Business Name: This should be clearly stated for the purposes of unique identity and as a legal requirement in most jurisdictions. The name should unique and preferable should blend with targeted market and the products to offer by the start-up.