It is a guide document for the entrepreneur by means of which aspects that make up the idea or the business project are elaborated, defined and evaluated. For the same employer this serves to specify or specify your idea and also, once developed, also serves to convince in your case, new participants or investors who could participate in the business / company.
The Advantages of the Business Plan:
– The business plan shows in a document the future and most probable scenarios with all their variables, in order to facilitate a comprehensive analysis that can be presented to other parties involved in the project (investors, partners, banks, suppliers , customers).
– Allows you to imagine ideas, solutions and results, and preview how to apply them clearly.
– A business plan is very flexible and adaptable since it is done according to the time of the life of the company and the type of business that is going to be planned.
– With a business plan you make sure that your business makes financial and operational sense, before its operation.
– Through a business plan, you look for the most efficient way to carry out your project.
– Create an image that identifies the needs, as well as foresee the problems of resources and their allocation in the correct time, resulting in savings.
– Evaluate the performance of a business already in operation.
– Help to make an evaluation of your company in case of merger or sale.
– It is a guide to start an enterprise or business.
– In small and medium enterprises, the elaboration of a business plan allows to establish a considerable and necessary distance between the baseless changes (occurrences) and the business decisions based on the information and analysis.