Apr 06, 2022
In General Discussions
A marketing and strategy tool defines one's business Telephone Number List strength, his weakness, his opportunities and threats. It plots a graph that helps one reduce cost while maximizing profit. A financial tool in a good business plan Telephone Number List enables one understand his business financial position, develops his budget and determine how his finances will be allocated. It also calculates one's return on return Telephone Number List on investment, analyzes his income statement, cash-flow, balance sheet, break-even point i.e. the analysis that tells one how much sales needed in order to cover expenses, which gives the basis for pricing his products and services, and at the same time calculates how much that is needed Telephone Number List to finance one's business which helps in making his financial needs clear. A good business plan Telephone Number List communicates one's ideas to people, communicates his mission, objectives, management approach, responsibilities and demonstrates how one's strategy will increase profitability and performance, identifying his audience without overreacting his aims and objectives of his business plan. A business Telephone Number List communicates in two ways- Internal communication and External communication. Internal communication includes communication of corporate vision, shared value, strategies, guiding principles and employee motivation.