Before starting a business, it is important to make a detailed plan of how and why to start a business. When running a business with a plan, the chances of the investment sinking or the business losing money are less.
What is a business plan?
A business plan is a paper or file that brings together all the information about your business (why, where, when, and how to do it).
What information should be mentioned in the business plan?
The answer to all the problems you may encounter in the business you are starting. Find answers to these questions.
What is the name and purpose of your business? How many machine tools are needed? How many skilled workers are needed? How much capital is required? What are the other expenses? How much profit can be made from the investment? What kind of quality goods/services do you produce or give? How much do you produce? Where is the market area of the goods/services? What is the market demand? What age group do people live in?
The answers to all the other questions that may come up should be mentioned.
Why do you need a business plan?
Doing business and making decisions without having to worry about running a business. If you have a business plan when you take a loan for a business, it is a priority to evaluate whether to invest or not. What are the things that are good in your business? And what are the shortcomings? To identify
Other important suggestions
If it is difficult to make a business plan on your own, you can also get help from educated friends, relatives, or people who know how to pay money. From time to time, various organizations are also giving training on business planning. For this, Vocational and Skill Development Training Center of the Government of Nepal
The framework of the business plan prepared by the Government of Nepal National Youth Council is as follows:
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