Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
5 Benefits of a Business Plan
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Suba, post: 336299, member: 3658"] A business plan is a written document that describes plans, strategies, business goals, business vision & mission, market analysis, marketing strategy, business operations and finances. In general, the business plan also provides information about the types of products offered to consumers, the target market, income and cost forecasts/budgets which are written in detail so that realization can be achieved regularly and continuously. So the purpose of a business plan is to provide an overview/direction in operating a business and ensure that all factors are properly considered and evaluated. Here are some of the benefits of a business plan as follows: 1. Target Market In product marketing, business people need to first identify the target market according to consumer needs, so that it is hoped that sales will increase. 2. Marketing Strategy After determining the target market, the next step is to create a marketing strategy, look for ways to improve relationships with consumers and determine promotional media that is tailored to the available budget. 3. Human Resources Looking for workers according to the skills needed will really help in business operations, starting from the recruitment system, job descriptions, labor requirements, wages/salaries. The right human resources will be able to minimize costs and risks thereby increasing productivity. 4. Financial Planning Create a thorough financial plan starting from the capital required, available funding sources, operational costs, sales and profit forecasts, 5. Additional Funds Looking for alternative additional funds/capital either through profit sharing or long-term loans to increase business development. A business plan is not rigid, so it can be adjusted to changes in a country's economy, politics, or simply make changes according to market conditions. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
5 Benefits of a Business Plan
Top