A business plan is simply a written document that describes the future path of a business. A good business plan explains the business concept, summarises the objectives of the business, identifies the resources (both in terms of money and people) that will be needed by the business, describes how those resources will be obtained, and tells the reader why the business will succeed. One of the most crucial steps in setting up a business is the planning stage. A business that has not carefully laid out its plans at the initial stages of development runs the risk of business failure and loss of investment. With competition in business being so tough and challenging, it is very important that you secure the foundations of your new business by proper planning. Here are some of the major benefits and why it is important to develop a Business Plan. It is to address
Category: Business
About Business
Leadership in Economic Strength
One of the many discussion that a new generation of urban enterprise need to have is how we can work together as a dynamic unit to provide effective leadership in economic strength in 2023 and beyond, so as to provide an opportunity for upward improvement in our local, regional, national and global enterprises effectiveness. As leaders of enterprises we are aware that knowledge-based Information is power and in having knowledge base leadership we will able to drive our small to medium enterprises to another level
Reflecting on the power of Knowledge
The concept of a knowledge economy is based on evidence driven economy, whereby all the components are of known quantities, and by working with real quantities must therefore then contribute to the desired outcomes