Basic Elements of a Quality Business Plan
Entrepreneurs who invest their time and energy to prepare a business plan, will be better prepared to face the risks of doing business competition. In previous editions we’ve talked about the business plan as a road map and a means of getting capital entrepreneurs in building successful businesses.
Although the business plan does not guarantee 100% success, but this plan would increase the chances of business success for entrepreneurs. There are many approaches in the preparation of business plans. However, a quality business plan to include at least eight basic elements, namely:
Executive summary.
General description of the business.
Marketing plan.
Production plan.
Analysis of competition.
Financial plan.
Human resource plans.
The main risks faced.