Creating your Business Plan Part I
Nov 15, 2019•24 min•Ep. 17
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Episode description
Internal Uses of a Business Plan
- Improve performance by identifying the strengths and weaknesses
- Communicates expectation to staff regarding the company’s performance and priorities
- Effectively coordinate and ensure consistency in planning and operations
- Measures performance or the overall company, individuals and managers.
External uses of a Business Plan
- Educate outsider parties regarding the objectives, structure and performance.
- Secure funding from outside investors
- Communicate planned actions (formalized its intentions in the plan)
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