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Business Planning Essay Example

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Business Planning

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The overview of business plans needs to be comprehensive for relevant people to understand without unnecessary explanations. The plan on Brian’s book barn should include young people on its managerial team. The two managers have experience and relevant training but cannot understand the current market perfectly. For example, there is a proposal that the major market for their books and magazines will be children and parents. The plan should also include services from the book barn. The current ones will not appeal to the modern teenager who is interested in modern phenomena. There should be reductions of books and magazines that have less fascinating topics to the contemporary person. There could be improvements if the plan on the book barn had fewer objectives. Fewer objectives for any business plan make businesses more practical because it proves that management can handle the fulfillment of the same objectives. The plan on the salon business could be effective if it were comprehensive in its mention of the capital of the entire business. The management should make research that is more intensive than the one it made on basics of salon business. The research will facilitate better knowledge of salon trends that is necessary for the preparation of a perfect business plan. The plan should also ensure that there is the evident reflection of most of its funding. This will facilitate the easy realization of any aspects that would compromise on the success of the entire salon business. Business plans present relevant summaries of their respective businesses. If people wish to establish businesses, they must hire professional to help them. Alternatively, they need to ensure that they are trained in writing functional business plans. Business plans must involve the competition that the business is likely to experience. Weak business plans can fail businesses. People must ensure that they have strong plans that include most relevant aspects of businesses.

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References

Bangs, D. H. (2002). The business planning guide: Creating a winning plan for success. Chicago, IL: Kaplan

Becherer, R. C., & Helms, M. M. (2009). The value of business plans for new ventures: Company and entrepreneur outcomes. Journal of Small Business Strategy, 20(2), 80-96. Retrieved from http://search.proquest.com/docview/896268706?accountid=45049

B Plan. (2012). Hair and Beauty Salon Business Plan. Trend Setters Hair Studio.

Retrieved from

http://www.bplans.com/hair_and_beauty_salon_business_plan/executive_summary_fc.php#.UDvzlyJLRJE

Canada / British Columbia Business Services Society. (ND). Brian's Book Barn: Sample Business Plan (Retail)

Retrieved from http://www.smallbusinessbc.ca/pdf/sample_retail.pdf

Covello, J. A., & Hazelgren, B. J. (2006). The complete book of business plans: Simple steps to writing powerful business plans. Naperville, Ill: Sourcebooks Pub your company's future. Tustin, CA: Out of Your Mind & into the Marketplace

Pinson, L. (2008). Anatomy of a business plan: A step-by-step guide to building the business and securing your company's future. Tustin, CA: Out of Your Mind & into the Marketplace.

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preview essay on Business Planning
  • Pages: 7 (1750 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Ph.D.
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