Business Plan- The Secret to Success

Baliga, Ashwin J and Rodrigues, Lewlyn L R (2015) Business Plan- The Secret to Success. The International Journal of Business & Management, 3 (4). pp. 210-214. ISSN 2321 – 8916

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A business plan is a must for every business whether it’s a start-up or a business planning for an expansion. It plays a vital role in identifying the probable, the unforeseen opportunities and the forthcoming hurdles so as to sail well through business unique competitive environment. Making a business plan is an extremely focused activity. In simple words it can be well defined as a business functioning on the paper. A business plan involves truthful thinking of the business concepts, the opportunities, and the recipes to be successful and most importantly the team that will be involved. The paper consists of a section that explains the typical elements which should be there in a plan and as to why it is needed. It also demonstrates how a good business plan can be used as a tool for a start-up firm’s or businesses planning expansions so as to achieve the objectives or at times even outshine them.

Item Type: Article
Uncontrolled Keywords: Business plan, key success factors, management summary
Subjects: Engineering > MIT Manipal > Humanities and Management
Depositing User: MIT Library
Date Deposited: 23 May 2016 08:54
Last Modified: 23 May 2016 08:54

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