2.0 BP Objectives
For objective part, the usual reason that listed in preparing BP is;
1. To explain in written form of your business idea to get the financial loan.
2. as a proof that business can be set-up (resources, management preferences)
3. As Your guideline/milestone of your business management (POLC)
4. BP as tool to forecast the possibility of problem/s in future and minimize risks.
FYI, POLC stand for management functions -Planing, Organizing, Leading and Controlling. When you send BP to bankers, they usually prefer for the summarized BP. (You Keep The Full version for yourself).
Sunday, July 13, 2008
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