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BUSINESS PLANNING AND ENTERPRISE EVALUATION

BUSINESS PLANNING AND ENTERPRISE EVALUATION. WHY MAKE A BUSINESS PLAN . TO ATTRACT INVESTORS. ATTRACTING INVESTORS AND CAPITAL IS AN ESSENTIAL PART OF BUSINESS. HAVING AN APPROPRIATE BUSINESS PLAN ALLOWS

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BUSINESS PLANNING AND ENTERPRISE EVALUATION

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  1. BUSINESS PLANNINGAND ENTERPRISE EVALUATION

  2. WHY MAKE A BUSINESS PLAN
  3. TO ATTRACT INVESTORS ATTRACTING INVESTORS AND CAPITAL IS AN ESSENTIAL PART OF BUSINESS. HAVING AN APPROPRIATE BUSINESS PLAN ALLOWS INVESTORS/CREDITORS TO INVESTIGATE THE POTENTIAL RETURN/RISK AND THOUGHT PUT INTO A BUSINESS PROPOSAL.
  4. ESTABLISH VIABILITY A BUSINESS PLAN CHECKS WHAT LEVEL OF DEMAND THERE IS FOR A PARTICULAR PRODUCT OR SERVICE IT LOOKS AT COMPETITION AND WHAT THEY ARE DOING RIGHT/WRON AND HOW YOU CAN DO IT BETTER OR COMPETE IT ESTABLISHES FINANCIAL DATA TO GIVE AN IDEA ABOUT POTENTIAL PROFITS/EARNINGS OR LOSSES UNDERTAKES ANALYSIS OF STRENGTHS OPPORTUNITY’S THREATS AND WEAKNESSES
  5. GIVE DIRECTION AND PURPOSE BUSINESS PLANS GIVE A COMPANY’S DIRECTION AND REASON FOR BEING. KEEP A COMPANY FOCUSED ON ITS ESSENTIAL TASKS AND ENSURE COMPETITIVE ADVANTAGE MISSION STATEMENTS REPRESENT THE ROOT MOTIVES OF THE COMPANY AND CAN BE REFERED TO FOR GUIDANCE IN DIFFICULT TIMES OR PERIODS OF DIRECTIONAL REVIEW. FOR EXAMPLE: COCA COLA’S MISSION STATEMENT The Coca-Cola Company exists to benefit and refresh everyone it touches. Our Roadmap starts with our mission, which is enduring. It declares our purpose as a company and serves as the standard against which we weigh our actions and decisions. •To refresh the world... •To inspire moments of optimism and happiness... •To create value and make a difference
  6. PROVIDE A ROADMAP BUSINESS MANAGERS CAN REFLECT ON THE BUSINESS PLAN AT A LATTER STAGE AND DETERMINE HOW WELL THE PLANNING WAS IN ACHIEVING STATED OBJECTIVES AND MAKE NECESSARY ADJUSTMENTS. OUTLINES METHODS OF OPERATION RESOURCES REQUIRED POLICY’S AND PROCEDURES FINANCIAL FORCAST
  7. YOU TUBE VIDEO ON BUSINESS PLAN
  8. HOW DO WE BEGIN? CHOOSING A BUSINESS IDEA What business idea is right for you? The best business is one you love and to which you are prepared to make a major commitment. Many small-business owners describe starting a new business as more demanding than having a new baby – you have to be prepared to give it your full energy, time, and attention at any time of the day or night.
  9. ANALYSING THE MARKET
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