As an entrepreneur what is your first task for getting started? Are you developing your business plan or thinking of raising funds for your venture? Do you think it is important to study your competition and customers?
Why do you need a business plan?
A business plan is a “road map” to the future of any business or enterprise. A well-developed business plan enables entrepreneurs and business owners to not just share their vision and mission with their prospective investors but also provides direction for the day-to-day running of the business and its goals. It also compels them to analyse the competition and understand the needs of their customers to fine-tune their offering and puts entrepreneurs on top of any roadblocks.
In short, business planning is a process of determining a commercial enterprise’s objectives, strategies, and projected actions in order to promote its survival and development within a given time frame.
This course is designed to give learners an in-depth understanding of the various elements and know-how on developing their business plan.
