Using a business plan - developing a business plan defining business phases and use as a management tool

 Using A Business Plan

Senior Mag Home

Search

business management

 

 

 

Make text on page larger and easier to readMake text smaller to get more text on the page  

Marketing >> Small Business Plans  >> Using  your business plan

Using a business plan

 

As a communication tool, a business plan is used to attract investment capital, secure loans, convince workers to hire on, and assist in attracting strategic business partners. The development of a comprehensive business plan shows whether or not a business has the potential to make a profit. 

A business plan requires a realistic look at almost every phase of business and allows you to show that you have worked out all the problems and decided on potential alternatives before actually launching your business.

As a management tool, the business plan helps you track, monitor and evaluate your progress. The business plan is a living document that you will modify as you gain knowledge and experience. By using your business plan to establish timelines and milestones, you can gauge your progress and compare your projections to actual accomplishments.

As a planning tool, the business plan guides you through the various phases of your business. A thoughtful plan will help identify roadblocks and obstacles so that you can avoid them and establish alternatives. Many business owners share their business plans with their employees to foster a broader understanding of where the business is going.

 

 

Marketing >> Small Business Plans  >> Business plan usage

 

- SeniorMag.com  
Advertising

Terms/Disclaimer

Sponsored Links

Hot Links
Tax Help
Wheelchairs
Long Term Care Insurance
Glucose monitors 
Electric Scooters
Diabetic Supplies
Hearing Aids
Senior Travel
Walking canes
Structured Settlements

Visit MealCall.org to find Meals on Wheels & Congregate Meal 
sites for seniors

advertising

  SeniorMag