Benefits
The advantages of drafting and following an adept set of business plan can offer a lot of advantages to any business house. Some of these points are enumerated as below:
- In determining the break-even point of the related organization
- In defining the enterprise’s objectives, operations, future activities, etc.
- In addressing various disciplinary aspects of the products and services the business offers
- In understanding the market condition, consumers’ behavioral patterns, and any other factors in a better and convenient manner
- In determining the company image, product pricing, brand promotion, and other available strategies
- In analysing the competition level that is prevalent in the market
- In constructing the development process and working towards achieving the same
Suggested References:
Books
The Definitive Business Plan by Richard Stutely
- https://www.amazon.co.uk/exec/obidos/ASIN/0273710966/tenericbusine-21
The Business Plan Workbook
- https://www.amazon.co.uk/Business-Plan-Workbook-Definitive-Researching/dp/0749434996
Youtube Links
- https://www.youtube.com/watch?v=yG6_6UbprFw
- https://www.youtube.com/watch?v=hbysbP7Q0aM
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