The Small Business Forum
The Business Plan
- While the feasibility study answers the question if a business should be undertaken, the business plan answers the question “How”
- It shows how the business will be organised, implemented, and run to reach the targets set in the feasibility study.
- The business plan comprises the same parts as the feasibility study, but with different purposes. For example, while the feasibility study indicates the qualification and experience of the sponsors, the business plan shows how the two fit with the business needs, and how this is planned to be maintained in the future.
Comments, Questions and Suggestions welcome.
drkibuka@thesmallbusinessforum.co.ke
+254-729524219
———————————————————–