Business Plan-What for

(Ph.D in Business Administration)

Your PersonalConsultant

It is always worthwhile to remember: We will not use most of our money to start building a home (maybe we will even take a mortgage), without an expert architect – or maybe we will…

BUSINESS PLAN – WHEN DO WE NEED IT?

  • Always
  • Establishing a Business / a Factory / a Project
  • Changing a Business / a Factory
  • Receiving Grants
  • Receiving Loans
  • Recruiting Investors

WHAT IS IT GOOD FOR?

  • As a principle – for each person / organization that works in accordance with a plan which is known in advance
  • Central part in the decision making of every relevant and involved factor
  • Feasibility of implementation
  • Management of the process of establishment / change according to the plan
  • Control of the process
  • Control of the cash flow

WHAT DO WE NEED FOR THE PREPARATION OF A BUSINESS PLAN?

  • The right planner
  • The definition of the product
  • Information about the relevant market (micro and macro)
  • A vision
  • Abilities, feasibility and relevance for the implementation of the vision

WHAT SHOULD BE EXPECTED / REQUIRED FROM THE BUSINESS PLAN?

  • Feasible planning
  • Planning of raising / recruiting resources (funds, manpower, location, etc.)
  • Stages of implementation
  • Planning a timetable
  • Planning control stations along the process
  • Planning relevant alternatives for each of the control stations
  • Checking sensitivities

And finally: Whoever hesitated and eventually tried for the first time and acted according to the business plan, will not give up on it in the next project.