Planning for Small Business
March 15th, 2008 by adminPlanning is a requirement for any activity, including the management of small business. This is so because the benefits of planning, if done properly outweigh the costs involved.
The document which contains the results of planning activities is called the business plan. The firm’s management and the potential investors constitute the major users of the plan. Depending on who will use the business plan, the usual contents of the plan are the following: definition of the business, market research and analysis, development plan, manufacturing plan, distribution and service plan, organization plan, development schedule and financial plan.
