A SSIGNMENT SSIGNMENT #4 #4 M ARKS 10 10 D UE UE D ATE ATE 25 25 TH TH N OVEMBER OVEMBER 2006 SOLUTION SOLUTION Q UESTION UESTION Suppose you want to start a new venture. Before starting it, Consultants recommend you to write all your plans for future use. What contents will you include in your document? Solution WRITING THE BUSINESS PLAN Before starting a new venture, when consultants recommend documenting all of the future plans, we need to describe our production or operational plan, marketing plan, organizational plan, and financial plan Production Plan or Operations Plan If a new venture is a manufacturing operation, a production plan is necessary. This plan should describe the complete manufacturing process, including whether or not the process is to be subcontracted. If the manufacturing is carried out by the entrepreneur, the plan should describe the physical plant layout and machinery and equipment needed.
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