How Business Plans are used

The importance of Business Plans cannot be stressed enough. It can open doors that will be beneficial for yourself in the future. Here are a couple of useful pointers of how Business Plans are used.

• Venture Capital- Business Plan contests- Provides a way for venture capitals to find promising projects.
• Public Offerings- In a public offering, potential investors can evaluate perspectives of issuing company.
• Within Corporations
• Fundraising- Fundraising is the primary purpose for many business plans, since they are related to the inherent porbable success/failure of the company.
• Total Quality Management
• Management by Objective
• Strategic Planning

NB: Dont forget guys you are writing your Business Studies control test on 29 October 2008 in the school hall. Study hard, take breaks and make an impression. It is the last Business Studies control test so wake up those brains.