Category: Business Plan Articles

We can also say a Business Plan Writing is the process of creating a formal document that contains; business goals, how they can be achieved, organization structure, financials, key managers’ profile, and many other valuable information.

Business Plan Writing is all that is involved in creating a document describing the nature of a business, the sales and marketing strategy, the financial background, and containing a projected income and expenditure statement for up to 5 years.

Business Planning is the process of determining a commercial enterprise’s objectives, strategies and projected actions in order to promote its survival and development within a given time frame.

A Business Plan is a document that describes a business, its products or services, how it will earn money, leadership and staffing, financing, operations model, and other details that are essential to both operation and success. Entrepreneurs create them as part of the start-up process while existing businesses often write them when changing direction or strategy. Most business plans cover the company’s first three to five years.

In business you do not want to be caught in anything unaware. A Written business plan shows you or gives you an idea of some of the things you should expect in the future of your business.