Business Plans Business Plan

The preparation of a business plan is a tool of vital importance for the establishment of a new business, which must be studied and drawn up before decisions are made regarding tangible or intangible investments.

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When drawing up the business plan for the establishment of a new business, the entrepreneur, who may not have dealt with the management and organization of a business before, must be aware of the differences between what is "seen" in a business and what is "done" in essence for the business itself.

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This means that the practical application of the ideas that may have led the entrepreneur to the decision to create a business should be checked.

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It is clarified that the following analysis includes issues that require extensive analysis, possibly through a separate study from a business plan, e.g. market research for products, marketing plan etc.

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The following are the basic sections of a business plan for establishing a new business.