subject: Business Plan Vs. Business Action: [print this page] Creating a business plan is one of the most difficult tasks for both startup and existing businesses. Business plan is an important document that helps you to get funds from potential investors and lenders; on the other hand, it also helps you to achieve your long and short-term goals in a best possible way. Once you have made a professional business plan, according to your investors and lenders requirements, next step is to implement this plan in order to get results. An action plan will help you to put your theories into practices.
Business Plan:
The key purpose of a business plan is to attract investors and lenders, as well as guide the actions and policies of a firm over a certain period; it increases the feasibility of the company. Writing a business plan is one of the most complicated tasks. It is necessary the business plan you have written must be professional, otherwise, potential investors and lenders will not take it seriously, and your business plan will cover under dust.
The main elements of the business plan are: Executive summary, Companys general description, Services overview, Industrial analysis, Marketing plan, Operational plan, and Financial plan. If you want to run your business successfully, it is necessary to write a realistic business plan, free from errors. Business plan writing requires enough time and research, if you are unable to write a business plan, its better to hire a professional business plan writer or you can buy business plan from online business plan service providers, which are easily accessible 24/7.
Business action:
Once you have a business plan, next step is to put your strategy into action. Your business action plan also requires enough time. It clearly tells the potential investors and lenders, how you will be able to achieve success. The process of the action plans are: Define your goal and objectives clearly and make sure it can be evaluated, List the action steps you will take to accomplish the goals and objectives, Write down how you will evaluate your progress, Set target dates for the actions, Log your results.
Review the results of your business plan time to time after applying the business action plan. This will ensure you, whether you are on a right track or not.
by: Ayaz Haider
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