History of banking in China Chinese financial institutions were conducting all major banking functions, including the acceptance of deposits, the making of loans, issuing notes, money exchange, and long-distance remittance of money by the Song Dynasty
Once you know your idea is viable, only then should you proceed to writing a business plan. Writing your business plan The business plan covers areas that are very similar to the feasibility study — but you must complete a feasibility study before you start on your business plan.
A feasibility study is your chance to work through and test different aspects of your business, to fix any issues — it can also be the time where you realise you need to go back to the drawing board. A lot of the information will come from your feasibility study. It helps identify where you need help - use it to identify areas where you need to find external help and to specify exactly what support you require.
More about a business plan What is a business plan? At the risk of sounding obvious, it is the plan of how an enterprise is to be established and developed. It describes how it will work and explains why it will work. The business plan is a written, detailed description of what your enterprise is: Anyone reading it should be able to answer any question they may have in relation to your business.
There is no right or wrong format. These templates are designed to help you cover the key areas — you may wish to edit or re-order them, but be careful not to omit anything.
What is in a business plan? Business plans should be meaningful documents. Why have a business plan? It is often assumed that the business plan writing is a tiresome necessity entered into only to convince someone to put up a loan or an overdraft.
Though this may be a part of the story it should come a long way down the list. To provide a structure within which to establish what needs to be looked into.
To establish in your own mind s whether the investment of your own time and energy is appropriate: What do you think about it? Construct the business plan Read the business plan Do you believe it?
To be a blueprint to follow during start-up. Very few businesses can get into full production and sales immediately.
The more that can be worked out up front, the faster things get up to speed. Many, many businesses fail before they truly get going, often having done enough to prove that it would have done well if it had got up to speed faster. To be a benchmark. A business plan should not be written and then thrown into the back of a filing cabinet.
It is the yardstick by which actual performance can be measured. Are sales up to projection? Are the costs on target? What is going right and what is going wrong? To establish common purpose. To make sure that everybody involved in the enterprise knows what it is all about and what they are committing themselves to.
Those who are going to take the responsibility for it, workers, associates, key suppliers, marketing people, possibly key customers, family, friends, auditor, accountant, solicitor, landlord and the people who put up the money. How do I go about it?
Knock up a first version immediately. Getting past the blank piece of paper is the most difficult part of the whole process and the sooner it is done the better. It really does not matter how poor draft 1 is.CO-OP BUSINESS PLAN TEMPLATE VALUES Co-operatives throughout the world share similar values and uphold the seven co-operative principles recognized by the International Co-operative Alliance.
Co-operatives are based on the values of self-help, self-responsibility, . BUSINESS PLAN 2 Executive Summary High Five Co‐op is a grassroots effort to create Michigan’s first cooperative brewery. One of its founding members got. Now that you have created your business plan, you are ready take the first official steps in creating your new business.
The Montana Business Checklist is the primary source of information for getting your new business up and running. Professional Services Photography Studio Sample Business Plan. Starting up your photography studio will need a proper business plan .
Gamehenge Tapers Co-op nonprofit recording co-op business plan organization summary. Gamehenge Tapers Co-op is a nonprofit hobby recording cooperative supplying wholesale products, and trading services to its members.
A business plan is a detailed blueprint for the activities needed to establish a business (i.e. the details of a product or service, the market for that product or service, and the management of the business providing that product or service).