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Assessing a business plan

This information helps you determine how much financing your business needs and helps financiers determine whether lending you money or investing in your business is a prudent use of funds. An in-depth customer analysis is essential to an effective business plan and to a successful business. By writing them down and assessing them, you can test them and analyze their validity. These need not necessarily be very detailed or time-bound unless the aim requires it. For example: a large-scale short-term aim requires a plan with detail and strict timescales, whereas a goal to achieve a personal life change within five-to-ten years requires much less detail and scheduling, provided the crucial causes and effects stages are identified.

Assessing a business plan

Assessing a business plan

Although every possible risk will not be identified and addressed, the business plan should discuss the most important ones and indicate how management will mitate their potential impact on business operations. A good plan identifies causes and effects in achievable stages.

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  • A business plan is a critical management tool for the creation or expansion of any business.


    Assessing a business plan

    Assessing a business plan

    Assessing a business plan

    The financial part of a business plan includes various financial statements that show where your company currently is financially, and where it intends to be. The business plan should clearly lay out the long-term milestones that are most important to the success of your business.

    Assessing a business plan

    CHAPTER NINE: Part C – How do you conduct a risk assessment especially writing a business plan? Identifying, outlining, and assessing the risks involved in a new business and developing strategies to manage those risks is an important, in fact indispensable step to take when planning a new business. VIRUS ESSAY To achieve a goal or a vision you must plan how to make it happen. Instead you must do the things that enable it - usually several things, in several steps.


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