BU$INE$$ PLAN

before we proceed to BUSINESS PLAN, it is important to us to understand the different TYPES OF PLANS that may be part of any business operation.

PLANNING 

• a process that never ends for the business
• important in early stages of any new venture whereas entrepreneur needs to prepare a preliminary business plan

BUSINESS PLAN

DEFINITION :  a written document prepared by the entrepreneur that describe all the relevant external and internal elements involve in starting a new venture

$ MARKET-ing

$ FINANCE
$ MANUFACTUR-ing
$ HUMAN RESOURCES

• important to the potential investors, suppliers and even customer in order to    

 i) helps to determine the viability of the venture in a designated market

ii) provides guidance to the entrepreneur in organizing their planning activities

iii) serves as an important tool in helping to obtain financing

• to be able to determine how much money will be needed from existing sources or new sources to archive a plan

  

"dreams will become true when there is a better planning"