Business Plan

1.       It is roadmap of proposed new venture of the entrepreneur

2.       It is a wirtten document that details the proposed venture

3.       It describe current status, expected needs and projected results of the venture

4.       It allocates resources in a co-ordinate manner.

5.       It provides clear picture about what the venture is?, where it is projected to go?, how to get there?

6.       It also present a time table for implementation of new venture

7.       It provides a set of guidelines for goals, activities to be done, timing of doing activity, responsibility of doing activities resources needed and projected profit.