Question

What are the criteria for a good business plan? (1000 words)

Answer 1

Generally there are important criterias to be considered for a good buissiness plan.There should be an clear idea about the goal of the buissiness .The buissiness plan should be realistic.The buissiness plans put forward by you should be realistic in sense.Inorder to be realistic a detailed research on various aspects of marketing,trends have to studied.Usage of feasible studies gave you clearcut view of how to run buissiness in smooth and successful way.The other important aspect is Detailing.High quality oriented buissiness plan is the real view when you startup buissiness.No missing of any minute detailings especially in outsourcing to financial planner for setting of projections .Next one of required criteria for a better buissiness plan is goal.the aim of our buissines,its unique concept and idea of success.There should be a proper way of orientation of buissiness from each day setting that is from short term goals upto long term goals.The target to be achieved at each day,each week,in month and in an year,all these should be properly designed at initial stages itself for the proper running of buissiness in successful manner.

A bussiness plan is required for sseking funds,loans,searching for new partners,hiring and retaining top talents.A description of company including mission statements,history and objectives are fundamental criterias required.The outlineof ideal customers or target markets are required.The claer discription of the products and services are required.The descriptions of unique features,translating features to benefits,intelectual properties rights or patents that protects.Within the product cycles its future plans should be included to attract the target markets.a proper statergy of marketing or saling should be included.Details of proper organisation,funding and financial status should be included.