Initial Post
Business plan is very useful tool for any type of business. A good business plan need to be
review periodically to make sure the company is meeting their short and long term objectives.
Once review, management can take the necessary steps and strategies for the company to
continue to grow.
A business plan helps companies answer the following questions:
Where do you want to be? Will you be running a business that hasn't increased significantly in
size? Will you command a rapidly growing empire? Etc.
Answering these/similar questions is an important part of building a successful business plan. In
fact, without knowing where you're going, it's not really possible to plan at all “Entrepreneur,
2018”.
The process and results of the assessment provide the following benefits:
Evaluation of the management, business, and production processes currently in place and how
they are performing; understanding of Key Business Drivers, how results are measured, and how
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- Fall '18
- Business, Management, Entrepreneurship, Milner
