Business Plan

1461 WordsMay 20, 20136 Pages
RECONCILING THE EXPERTS: REVOLVING THE ADVICE ON WRITING BUSINESS PLANS Prepared for: Mr. Bradley Waltman English 227 Prepared by: Abigail De Guzman Date of Submission: December 11, 2011 Introduction Planning is needed to start a business. The main source of planning for a company is the business plan. A business plan is a document that summarizes the operational and financial objectives of a business and to comprehend the detailed plans and budgets showing how the objectives are to be realized. A great business plan is a living, breathing blueprint for the business that can help the business navigate and manage the company while also helping potential investors, partners, lenders, and others understand the business strategy and the chances at success. The purpose of this report is to analyze all the advices from the experts on how to write an effective business plan. The report gives details on why business plan is important and why it fails to some investors. This report is a key on having an efficient and well-written business plans that can help a business to be potentially successful. In preparing this report, countless sources were used. The ways on how to write an effective business plan were found on books namely, The Complete book of Business Plans, Business Plans for Dummies and Business Planning by Mike Hogan. Some were also found on the Internet. Journals were also used in this report. This is where I found the reasons why business plan fail to make much impression on potential investors. TABLE OF CONTENT INTRODUCTION Definition………………………………………...………................................2 Purpose.....................................................................................................2 Sources......................................................................................................2

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