Re:Re:Topic 4 DQ 2
Thank you for your post. A business plan is a document that describes your business, the market it operates in, its objectives and the strategies you have in place to achieve these objectives (Sellers, 2016). The article was a good method of showing us what to expect in writing a good business plan. A good business plan can be profitable and offer a competitive marketing advantage by showing banks and investors why they should invest in your business (Ingram & Spooner, 2006). From my experince, lenders and investors seem willing only risk their time and money if they’re confident that your business will be successful and profitable.
I believe a thorough and well-researched business plan should also shows that you’re serious about your business. This can offer a competitive advantage by helping lenders and investors to understand your business idea and also showing your predicted profits and income streams. Overall, developing a good business plan will take time and strategy. It may also take tiral and error but what I find most valuable in this process is that it lead you to step back and look at what can work in your business and what can improved upon.
Ingram, M., & Spooner, K. (2004). A good business plan can put your practice in the driving seat. Pulse, 64(44), 40-41.
Sellars, D. (2016). Writing the Business Plan. How to Create a Successful Business Plan, 4(1), 175-246. doi:10.1142/9789814651523_0005
Thanks for responding to my post, your input is of great value. The emphasis on a quality business plan is worth. As a tool for communicating ideas to the external world, a business plan should not spare any effort in ensuring that the business plan addresses all the foreseeable things in future. As explained by Morioka and de Carvalho (2016), this will instill sustainability of the business in future.
ReferenceMorioka, S. N., & de Carvalho, M. M. (2016). A systematic literature review towards a conceptual framework for integrating sustainability performance into business. Journal of Cleaner Production, 136, 134-146
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more