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10 Steps to a Successful Business Plan

Miky C
Senior Editor, TipsHire

Doing business is an art. To master it, requires initiative, organization, determination and passion. If you want your business to be successful, the first decisive step is to draw up an effective business plan.

The business plan

Planning the business is done by drawing up a business plan. More exactly, the document built to determine the path of an enterprise over a certain period of time.

It defines the method of carrying out a specific activity during a determined future period. The utility of the business plan is both internal (as a working tool for managers) and external (to get a grant, or to make a strategic partnership with another company).

Business plan areas

The business plan should address the following areas:

  • company description (from a legal point of view, of products and services, and of the geographical area served)
  • marketing planning
  • production and operations planning
  • human resource planning
  • financial-accounting planning
  • risk management
  • implementing the business plan
  • marketing planning
  • production and operations planning
  • human resource planning
  • financial-accounting planning
  • risk management
  • implementing the business plan
Summary
Article Name
10 Steps to a Successful Business Plan
Description
Doing business is an art. To master it, requires initiative, organization, determination and passion. If you want your business to be successful, the first decisive step is to draw up an effective business plan.
Author
Publisher Name
TipsHire

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