Thursday, April 28, 2011
The business plan
Starting a business is not only starting a business alone, it involves raising funds, developing an business activity, diversifying it, transmitting , merging, adjusting, developing, negotiating and communicating your dream business. There are many reasons for embarking on the adventure of developing a business plan.
Creating a project is not only the record of business plan alone but it also includes a financial component and a pitch.
As for investment, in financial terms, it can be defined as "sacrifice resources in hopes to draw more in the future," which indicates three key concepts: duration, cost and risk. Aspects profitability and financial flexibility are at the heart of the case. They underlie substantive issues such as: How to appreciate and take into account the reversibility of a project? Is there a business model in the business plan?
The financial calculations do not remain a simple decision support, and that beyond the virtues and pitfalls, advice and methodology presented in the Business Plan has many facets. And above all the business is a script of a wonderful story and which should be directed by the creator himself. It is the expression of a chosen strategy to be shared more or less detail, among its shareholders, bankers, employees and other stakeholders of the company if necessary.