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What is a Business Plan

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A business plan is a description of the business you want to start. It is also a plan for how you intend to run and develop it.

After making a business plan you will have great knowledge of the business world. The world in which your future lies.

- 9 steps: How to startup a business

Preparing yourself
The business plan gathers all the bits and pieces from the business preparations and your general life experience of relevance to your business.
It contributes to a more well-arranged start-up – beneficial to the entrepreneur, his/her family, personal network, consultants, and sources of finance.

Dynamic plan
You should not see the business plan as the final statement for your business. More like a platform from where you gain access to the business world. It is a dynamic world so your plans for your business must be dynamic too.

Many purposes
Working out a business plan serves many purposes:

  • Help structure and realise your visions
  • Gather knowledge and compelling information
  • Facilitate a framework for better business decisions
  • Convince family, banks and other investors that you are worth an investment
  • Proof of dedication
  • Base for better counselling from cooperators and sparring partners
- Go to next business issue: Startup - 9 steps to startup



- Click and share your experience on:
What is a Business Plan

 
patrick mahlokweng, republic of south africa 05-08-2010
I have started a medium business on distribution, marketing , advertising , sales of non alcohol beverage on my company called Kago Kano Beverage DISTRIBUTION , There is great potential in beverages in south africa , but i can´t get any financial help in any of south african bank , they need good business plan , sustanability , feasible studies , marketing strategy , budget & insurance to secure loans of which i don´t have have non of the above , pls help

muofhe prince, south africa 23-03-2010
hi im young man from limpopo,i have big farm its +- 25 hactors.im poor idont know what to do whith this big land bcs iwll need a tractor if i have to use it .pls may i get any assistant.no money no resourse.frm khunda village vhulaudzi venda limpopo province SA.I´LL BE GLAD TO HERE UR RESPOND

nthatise itumeleng, south africa 02-03-2010
since 2006 i wanted to start a chicken factory but every were i go to find advice people said i would not make it, when i see my self i saw that i have money to start this huge business but now i need help to start this business cause i love business but now i am in tertiary and i want to do that business

M.E.THOMAS, RSA 24-02-2010
I,LIKE TO OPEN UP A SERVICE BUSSINESS A SECURITYCOMPANY.

QUEEN MAHLANGU, SOUTH AFRICA 28-12-2009
Am interested in knowing how do business like IFA are registered,as they advertise Funeral Policy Insurance-Clientelle,I believe the very same multilevel businesses method can be used to fight poverty in our country-Given an opportunity I would love to run a business advertising food vouchers of well known super markets,e.g. Shoprite vouchers are also used to buy at House & Home Furniture shop-and that is something every soul needs-Please help.How do i get started?

sabelo ncube, south africa 11-12-2009
I am a young man who is willing to be involve in an international competition ,i am to stressfully so iam scared because i think it can affect my vission nagetively and i am experiencing some financial problem so i don t know what must i do about my vision and my family don t allow me to be involve in trade. I need your advise SIR .

 


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