Question
What is a Business Plan? Explain the essential elements that must be included in a wellprepared project report for a new venture.
Answer :
Word Count : 532
_________ ______ ______ _________ ________ _______ _________.
__________ __________ ______ ________ ________ ________ __________ _________.
____ _______ ________ ___ ___ ____ _______ ____ ___ ________ _____ ________.
______ _______ _________ ________ _________ _________ _________ _______ ______.
_________ ______ ______ _________ ______ _____ ______ ___ ___ ________ __________ ______.
____ _____ ______ ______ ____ _________ ____ __________.
__________ _________ ____ ____ ___ ______ ___ ________ ____.
________ _______ __________ _____ ____ _______ ___ _______ _______ __________ _________ _______.
_______ _____ ____ ____ _____ _______ _______ __________.
____ _________ _____ _________ ___ _________ ________ ________ ________ __________ _________.
___ ___ ________ ___ ____ _____ ___ ______ ___ _________.
_________ ____ ________ _________ _______ ________ ______.
__________ __________ ____ ______ _______.
___ _____ __________ ________ ______ ________ ___ _____ ______ ______ ______ ___.
________ _________ _________ ________ _______.
_________ _________ _____ _____ _____ ______.
_______ _________ _________ _______ _____ ______ __________.
________ ___ ______ _________ ____ _______ _______ _________ _______ __________ ___.
______ ___ __________ __________ ____ ______ _________ _________ _____.
______ ________ ________ ___ _____ _______ ____ _____ ____ _________.
____ ___ ________ ___ _________ _________ ______ _______ ________ __________ _____ ______.
_____ __________ _____ ___ ____.
________ _______ _____ ___ _______ ______ ____ _____ ________ ___ __________ __________.
___ _______ ________ _____ _____ _____.
_____ ___ ________ _______ __________ __________.
_______ __________ ____ ______ _____ _______ _______.
______ ______ _____ ___ _________.
______ ______ _______ __________ ______ _________ ________ __________ ______.
_____ ___ ________ __________ __________ _____ __________ ____.
_____ _______ ___ _______ __________.
______ _____ __________ _______ _________ _________ ________ ____ ___ ___ ___.
________ ___ _________ ______ ________ _______ _____ ________ __________ ____ ____.
__________ __________ ________ _________ ________ ___ ________ __________ _____ ________ ___ ____.
______ _________ _________ _____ ________ _______ __________ ________ _______ _______ __________.
_______ ____ ______ __________ ______ __________.
__________ __________ ________ _________ ________ _____ _______.
_______ _______ ______ __________ __________.
______ __________ ________ ____ _________ ___ _______.
_________ __________ ______ __________ _________ ___ ___ ___ __________ _______ _____ __________.
_____ __________ _______ ________ _____ ______ ____.
_____ ______ _______ __________ _______ __________ _______ _________ _____ ________.
________ _______ _________ ________ ____ ____ ___ ______.
__________ _________ __________ __________ ________.
__________ ______ ______ ____ __________ ___ ______.
___ _______ ________ ____ _________.
Skip in 10
A business plan is a formal written document that describes a new venture, its objectives, strategies, operations, market potential, financial requirements and expected results. It provides a systematic framework for converting a business idea into a viable enterprise. For an entrepreneur, a business plan acts as a roadmap for starting, managing and expanding the venture. It also helps in communicating the business idea to investors, financial institutions, partners and other stakeholders. A well-prepared project report is therefore essential for assessing the technical, commercial and financial feasibility of a new venture. The first essential element is the executive summary. It provides a brief overview of the proposed venture, including the business idea, objectives, product or service, target market, investment requirement and expected returns. Although it appears at the beginning, it is generally prepared after completing the detailed report. The promoter and enterprise profile is another
__________ __________ _____ ______ ________ _____ _______ _______ _________ _______ ______._________ ______ ______ _________ ________ _______ _________.
__________ __________ ______ ________ ________ ________ __________ _________.
____ _______ ________ ___ ___ ____ _______ ____ ___ ________ _____ ________.
______ _______ _________ ________ _________ _________ _________ _______ ______.
_________ ______ ______ _________ ______ _____ ______ ___ ___ ________ __________ ______.
____ _____ ______ ______ ____ _________ ____ __________.
__________ _________ ____ ____ ___ ______ ___ ________ ____.
________ _______ __________ _____ ____ _______ ___ _______ _______ __________ _________ _______.
_______ _____ ____ ____ _____ _______ _______ __________.
____ _________ _____ _________ ___ _________ ________ ________ ________ __________ _________.
___ ___ ________ ___ ____ _____ ___ ______ ___ _________.
_________ ____ ________ _________ _______ ________ ______.
__________ __________ ____ ______ _______.
___ _____ __________ ________ ______ ________ ___ _____ ______ ______ ______ ___.
________ _________ _________ ________ _______.
_________ _________ _____ _____ _____ ______.
_______ _________ _________ _______ _____ ______ __________.
________ ___ ______ _________ ____ _______ _______ _________ _______ __________ ___.
______ ___ __________ __________ ____ ______ _________ _________ _____.
______ ________ ________ ___ _____ _______ ____ _____ ____ _________.
____ ___ ________ ___ _________ _________ ______ _______ ________ __________ _____ ______.
_____ __________ _____ ___ ____.
________ _______ _____ ___ _______ ______ ____ _____ ________ ___ __________ __________.
___ _______ ________ _____ _____ _____.
_____ ___ ________ _______ __________ __________.
_______ __________ ____ ______ _____ _______ _______.
______ ______ _____ ___ _________.
______ ______ _______ __________ ______ _________ ________ __________ ______.
_____ ___ ________ __________ __________ _____ __________ ____.
_____ _______ ___ _______ __________.
______ _____ __________ _______ _________ _________ ________ ____ ___ ___ ___.
________ ___ _________ ______ ________ _______ _____ ________ __________ ____ ____.
__________ __________ ________ _________ ________ ___ ________ __________ _____ ________ ___ ____.
______ _________ _________ _____ ________ _______ __________ ________ _______ _______ __________.
_______ ____ ______ __________ ______ __________.
__________ __________ ________ _________ ________ _____ _______.
_______ _______ ______ __________ __________.
______ __________ ________ ____ _________ ___ _______.
_________ __________ ______ __________ _________ ___ ___ ___ __________ _______ _____ __________.
_____ __________ _______ ________ _____ ______ ____.
_____ ______ _______ __________ _______ __________ _______ _________ _____ ________.
________ _______ _________ ________ ____ ____ ___ ______.
__________ _________ __________ __________ ________.
__________ ______ ______ ____ __________ ___ ______.
___ _______ ________ ____ _________.
IGNOU ACADEMY
Your IGNOU journey, made easier.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
Continue Reading — It's Free
Sign in with Google to unlock more of this answer.
✓ Free access
✓ Unlock up to 60% of the answer
✓ No payment required
✓ Unlock up to 60% of the answer
✓ No payment required
Quick Google sign-in. No separate registration form.