What are the most important elements of a Business Plan? Why? What other elements should be...
- What are the most important elements of a Business Plan? Why?
- What other elements should be added to the Business Plan to encourage potential investors?
- How important is accurate financial data to the Business Plan? Why?
Homework Answers
The most important elements of a business plan are:
- Executive Summary = It gives the brief about business plan and is the immediate attention seeker
- Company description = It covers the details about the company including history, portfolio etc.
- Financial Summary = It tells about financial health of the company and its growth is past along with potential from business plan
- Market analysis = It helps to provide rationale for business plan. It covers the competitors detail and space which the business plan targets to capture
- Operations = It details the business plan about processes, management and all the activities involved along with resource requirement
All the about are critical elements of a business plan
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