The need to develop a business plan can arise both for the existing business (for example, with the diversification of supplies, the expansion of the sales market for the existing product or service, or when determining principally new areas of the company's activities), and when creating a new business.
The purpose of a business plan is to help the entrepreneur and potential investors to conduct a comprehensive analysis of the considered business idea and determine the degree of its viability. A properly prepared business plan with a high degree of reliability is able to answer the following questions on various aspects of the planned business, which are fundamental for making a final decision on the expediency of investing funds:
Each of these points requires detailed elaboration in order to avoid omissions, which in the future may lead to an incorrect assessment of the prospects of the investment project and, as a consequence, to its unprofitability at the implementation stage.
There is a large number of established standards for the development of business plans, which are used to a greater or lesser extent depending on the specifics of the particular investment project (for example, the standards of the European Bank for Reconstruction and Development, TACIS, UNIDO, KPMG, etc.). In the Russian practice, it is also customary to take into account the recommendations for assessing the effectiveness of investment projects developed by the Ministry of Economic Development of the Russian Federation.
Specialists of the Regional Economic Development Agency (Kaliningrad) will help you create a business plan that will become an effective tool for the development of your business.
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