Creating a Successful Business Plan: Key Factors
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Creating a Successful Business Plan
A business plan is a document in which a business idea is defined in a clear and synthetic manner. It details the tools to be used by the main promoters and describes its advantages.
Advantages of a Business Plan
- External: Facilitates obtaining funding.
- Internal: Helps determine project viability and plan, organize, direct, and control the production factors necessary to make the activity a reality.
Key Elements of a Business Plan Design
The design of a business plan should include:
- Natural Resources: Primarily energy and natural supplies.
- Labor: Direct or indirect workforce.
- Capital: Property investments and financial resources.
- Entrepreneurial Organization: Administration, management, and direction.
- Technology: Procedures