Business Plans - JJ Resnick

One of the most important documents that every business will need to construct and produce is their business plan.

These plans have a variety of uses:

 They can assist a company when raising investment or funding; and
 They can assist the management of a business with the direction of the business; and
 They can assist management by providing a tool to measure and monitor business performance.

The fundamental areas which every business plan should consist of are:

 Objectives
 Description of the current status
 How to achieve the objectives (strategy and tactics)
 Consideration of the risks
 Financial budget