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What are the benefits of a simple business plan?
The simple plan will consist of the following sections:
This can be quite helpful to determine the amount of money needed to establish the business. Also, it will help us determine how much the business will be making, and in return we can establish if the business is financially feasible.
A great way to be organised is to develop a cash flow statement. This statement can be written by a simple business plan consultant and can be quite useful. The business owner can plan and organise business finance including a list of expenses and the projected sales. Thus, the business owner can now establish the profit by subtracting the expenses from the revenue. Therefore, the business owner can now plan for expanding the business by performing advertising cost benefits analysis.
Schedule plan – Knowing what activity is coming next is a very critical step of doing business as you can allocate the appropriate budget for it, and allocate the appropriate resources including Human Resources (HR). Also, it will be a guide to be used and to anticipate what activity is coming next, and when the current activities will be completed. A schedule plan can help the business owner plan for cost management. Time management plan is used to deliver the project on target.
Below is the simple business plan format:
Below is the simple business plan layout: