What is a Business plan

Right now, I am working on a Business Plan contest that is being held in our MBA institute. Let me tell you, what a business plan is. It is a report prepared to analyse the market where you are trying to establish yourself. This includes studying the customer preferences, performing SWOT and PEST analyses, analyzing the demand for your product, planning your budget and promotion strategies etc.

Though it may look very common-sensical, it becomes extremely critical and important since one bad move here can destroy your company. It is here that the numerous business plan help center come of help. Most of these business plan guides operate online and can prove to be of great help if you want to start your own business. For example the GrowThink's Business plan guide is one popular one. Here you can have access to numerous calculators, free reports, databases etc, which can be of help.

After all, that is why probably the business plan guide is downloaded more than 50K times every year!