BUSINESS PLAN DEVELOPMENT
A business plan is the foundation of your business. It guides you on how to move forward and develop your business. It also serves as a medium where potential investors or bankers evaluate you business. As a startup or company that is developing a new product or service, you will always need a business plan that will serve as your road-map.
A business plan will improve your chances of being successful, as it directs you, helps to forecast potential risks, assists with planning and assesses the viability of your business. A well developed business plan contains information about the company, the industry, the market, competition and its products or services. It also contains your financial model.