Business Planning
A Company’s business plan is its road map for the future. By itself, it has little value. But if it is the result of carefully and thoroughly developed marketing and operating plans, it will guide the company to success. To be most beneficial, the business plan needs to be followed and updated on a continual basis.
Business Planning
There are several parts to a complete and useful business plan:
- Marketing and revenue plan
- Operational and cost plan
- Financial proformas
- Cash flow plan
- Funding analysis
The business plan must understand the marketplace. Where the Company trades in is a composite of many factors including:
- Competition
- Current economic conditions
- Advancements in technology
- Customers and their expectations
- Regulatory environment