Responses on business plan
#1
I hope you are fine, Fahed Alotaibi. In my view, I fully agree with your arguments about a business plan since you were able to capture every vital information that must be included in a business plan. However, apart from what you gave about the top three merits for preparing for a new venture, you missed out on a significant advantage, and that is all about clarity. In this case, I think that it might not be that easy to commit resources to capital improvements and new assets like computers for upcoming business. However, with the help of an excellent business plan, it can bring clarity on whether to buy or lease.
#2
Hi Jaber Alkhashem, it is with double pleasure to go through your thoughts about a business plan. Indeed, your first sentence grabbed my mind since you gave a concise and direct description to the point. Actually, it is a roadmap to its success. I also think you had to provide more facts about a business plan instead of just mentioning what should be included in it. For instance, it must have financial features that highlight the importance of a company’s economic points such as sales, profits, cash flows, and investors’ returns, among others.
#3
Hi Majed Almutairi, hoping that you are fine; I fully second your opinion about a business plan because it gives a clear picture of what should be included. Conversely, to be more specific, I was happy when you talked about financers and stakeholders. It is very through that they will be attracted by the objectives and visions of a business plan, but on the other side, you must have realized that having a business without a goal is nothing. Therefore, it will be nice if a business plan has objectives, goals, and strategies for its goal archives.