Business plan is a written document which describes the nature of the business, the sales and marketing strategy and the financial background, and contains a projected profit and loss statement which is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road. The time you spend, making your business plan thorough and accurate and keep it up-to-date, is an investment that pays big dividends in the long term, which describes in detail how a new business is going to achieve its goals. A business plan will lay out a written plan from a marketing, financial and operational viewpoint. The idea behind putting together a business plan is to enable investors to have a more defined picture of potential costs and drawbacks to certain business decisions and to help them modify accordingly before implementing these ideas.
BASNCO business and legal depart will support to draft business plan so that it conform to generally accepted guidelines regarding form and content, which includes the overall budget, current and projected financing, a market analysis and its marketing strategy approach. In a business plan, a business owner projects revenues and expenses for a certain period of time and describes operational activity and costs related to the business.
