“What have I learn from the business plan…?” I keep asking myself about this question. I was quite headache by answering this kind of question. Okay, let me answer this question for you, but you must be patient while reading it. (I know my essay is quite boring).
First, I have learned that when going into business, we must have a well- organized business plan. One of major reasons new business fail is poor planning. We cannot plan the business without understanding of the business that we’re entering. If we are don’t understand the business, we will totally fail when developing the business. Even when you go ask the permission from loan of the bank, the banker will say “bye-bye” to you. That time you will cry because of lazy to understand the business. Ha…ha… perhaps I can sponsor the tissue……This is what I learn from business plan.
Besides that, when I finished up all business plan project, I realize that identifying target market is important. In order to develop a solid business plan, we need to determine who your target market is. We should understand their need, taste, and view and so on in detail. For example, our business plan is photography service in UUM. So, this is very clear that our target market is UUM students. We understand that student want photography to capture the special memory in University. Thus, we have the plan to help the student to preserve memories in best sight by capture aesthetic photo. By this, our business will drive to success.
Actually developing a business plan is not as hard as it seems. In my concept, a good businessman should be able create a business plan that is comprehensive and concisely written.
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