Business planning and the start of a new tea room venture is more of a process than an event. A new business is a separate entity that is very much like a garden: planning is required to start, certain mandatory steps are required and constant management and pruning must occur to produce a successful venture.
This plan addresses the basic steps as well as business structure and management steps that are required for success.
The Basic Concept
The basic concept of the business plan is simple:
An Entrepreneur senses a market opportunity
To capitalize on this opportunity the entrepreneur establishes a business entity
The entrepreneur has a vision of the company for the future that foresees a healthy, growing, profitable company
In order to reach that future vision, a roadmap is required that can be reviewed to determine progress to achieve the ultimate goal
Just like any important trip, a roadmap in the form of a business plan will improve chances of arriving on time and safely. An additional benefit of the business plan is the control function evidenced by the ability to measure progress against the plan....
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