The Importance of a Business Plan Essay

:: 1 Works Cited
Length: 705 words (2 double-spaced pages)
Rating: Yellow      
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

When it comes to starting a business it is important to have Business Plan. The value of a business plan is important in the startup of an organization. The value of proper business plan in an organization can determine if the organization will withstand over of time or for years to come for that matter. In implementing a proper business plan, proper planning in it self is important and valuable to the process.
Planning helps in ensuring that the organization can withstand and remain as an essential asset to the needs of the community and helps in providing an impact on the city tax base. A valuable business plan can also allow the company to look at ahead at its projected profits and loss to be able to give their shareholders the return on their investment. The business plan can be the measuring rod to how the company will perform from the inside and out. The plan will show the roles of all their employees and what will be required and expected of them and what they can expect in return from there employer.
The supply and demand of a company needs to be looked at from a short-ran...

Click the button above to view the complete essay, speech, term paper, or research paper

This essay is 100% guaranteed.

Title Length Color Rating  
Essay about Importance of a Business Plan - ... In this specific market there are a large number of competitors that she will have to look in to. An important part of the business plan is the finance; Asma’s business plan will have a large section of fancies issue on it and problems consisting of money. This part of the business plan with have a great deal of things that relate to cost set up of the business, cash flow will be on the business plan to show money coming in. She will have a balance sheet and sales forecast showing her the assets that have a set time meaning when the money with be coming in to the company....   [tags: Finance, Sales, Resources] 1432 words
(4.1 pages)
Strong Essays [preview]
The Importance of a Well-Written Business Plan Essay - ... The exit plan is addresses the potential risks identified and listed previously. Four potential risks were earlier identified: lack of funds, legal and policy barriers, lack of potential volunteers and lack of potential partners/stakeholders. Lack of funds: If there are no sponsors for a program, the program can run on already available materials and the resources of the organization up to 20% of organization resources and/or for a period of three months, while new sponsors are sourced for. In the event of failure to acquire new sponsors and the stipulated time – 3 months expires or 20% of resources are used, then the program is to be terminated or suspended until funding can be obtained...   [tags: immediate analysis] 938 words
(2.7 pages)
Research Papers [preview]
Essay on The Importance of Planning for a Firm´s Five Year Plan - ... Ideal check could be to check them on a monthly basis. The account maintenance should be under different headers and one would need to know where the different incomes are coming from. If the budgeting is proper and you know for a fact what your target and goals are then it is always that much easier to re-direct if you start drifting away. Similarly they would need to know their payback periods and internal rate of returns and internal financial rate of returns on various jobs that they will be undertaking....   [tags: Business, Goals, Accounting] 732 words
(2.1 pages)
Research Papers [preview]
Essay about Business Strategic Plan - Overview In developing a business strategic plan, the goal is to provide a product or service that ultimately generates profit. More so, this plan helps identifies a business desire at a particular time during the life-cycle, which is beyond the day-to-day operations ( OR ( In doing so, incorporating business ethics and social responsibilities initiatives, policies, or best practices are key....   [tags: Social Responsibilities, Business Ethics] 983 words
(2.8 pages)
Better Essays [preview]
Explain the importance of business planning to the survival and growth Essay - Explain the importance of business planning to the survival and growth of organisations. A business plan should always for a business start up, the use of the business plan should not stop there, and businesses should be planning constantly in order to run their business effectively and efficiently. Businesses have to think about how they are going to plan for survival or growth, therefore they need to do business planning, to help the business survive and to grow. Business planning means the stages the business would need to build up the business....   [tags: Business and Management Studies] 1807 words
(5.2 pages)
Powerful Essays [preview]
Essay about The Purpose of a Business Plan in a Company - ... From the book: (New ERA of management) The planning is the management function concerned with defining goals for the future organization performance and deciding on the certain tasks. The planning in the Qena cement company there is managing director making the planning for the company in each year and the managing director after finishing the planning give to the CFO to discussing this planning if it good planning return back to the managing director to applied in the company through the middle manager, first-line manager, and employees....   [tags: management strategies] 628 words
(1.8 pages)
Better Essays [preview]
The Importance of Business Growth Strategies Essay - 1.1 Introduction Growth strategy is the organisation formulating their plan to accomplish their objectives and goals to grow in revenue and size of the business. However according to (Bridge, O’Neill and Cromie 2003), she defines growth strategy as a “...the movement of the business into bigger premises, taking on more staff, significant increases of turnover, taking on a new product line or lines, buying another business, and so on” Growth Strategies are important for businesses as they allow the business to move in a formal direction....   [tags: business, work ethics, ]
:: 11 Works Cited
1632 words
(4.7 pages)
Better Essays [preview]
Essay about The Importance of E-business - The Survival of the E-Business Starting out as a government and research network, the Internet became available to the public in the early 1990's attracting millions of users. Since then, the Internet has become the largest and most important network. In 1998, the Internet had 100 million users; that number is doubling every year. The Internet has revolutionized the businesses of today. Instead of having physical stores, companies can sell their products right off of the Web. There are millions of electronic businesses on the Web; some companies have been a huge success and some have been a huge failure....   [tags: essays research papers] 1069 words
(3.1 pages)
Strong Essays [preview]
The Importance of Delegation in Business Essay - The Importance of Delegation in Business The hardest skill for a manager to master sometimes is delegation. It is a skill that, at the root, is fundamental in the ultimate success in whatever endeavor one would encounter. Delegation is very important, especially in the business that I am in, the parcel industry. United Parcel Service is a multibillion dollar corporation where I am currently employed. Within its structure, without those who can properly delegate, it would be virtually impossible to manage its many processes effectively....   [tags: Manager Leadership Business] 1305 words
(3.7 pages)
Strong Essays [preview]
Business Marketing Plan Essay - The answers of question 1: This report is made for the CTO of a medium sized private company. The report will discuss and explain the differences between the internet and intranet. The report will also show that whether or not it would be beneficial to have an intranet for the business. Firstly, the following words will discuss the definitions and differences between the internet and intranet. The definition of internet was described (Stephen, 2003) that the internet is a collection of hundreds of local and wide area networks that are now connected together via the internet backbone (i.e....   [tags: Business Analysis Internet Intranet] 723 words
(2.1 pages)
Strong Essays [preview]