The great philosopher, Plato, once said, “The beginning is the most important part of the work.” Without a concrete plan, even the simplest work could fail, to say nothing of business, which requires even more strategies than any work to run and maintain successfully. To plan for business is never an easy task, it is a time-consuming process and many factors need to be taken into consideration in order to produce a good business plan. Nevertheless, without a good business plan, your business might not have a clear direction because your business plan is your compass. Fail to plan means plan to fail and no plan is a bad plan. This module serves as a guide for business owners to make effective business plans for their businesses to unlock their businesses’ potential and achieve greater success. If you have never developed a business plan before, this module will walk you through what a business plan is, what it is used for, why is it needed and how could a good business plan be made.
This module aims to help participants to achieve the learning objectives as follows:
- To understand what a business plan is, why is it important, who should be competent in making it, when and how to make it.
- To know useful strategies and implement them in making an effective business plan.
You will also learn about other knowledge such as vision, mission, growth strategy, costing expenditure etc. which are important in writing a good business plan.