BUSINESS +

PERSONAL PLAN
 BUSINESSPLAN
A business plan serves as the blueprint for how you
will operate your business.
A business plan is a formal written document
containing business goals, the methods on how these
goals can be attained, and the time frame within
which these goals need to be achieved.
It provides direction for every decision you make
going forward.
 A business
plan
provides the
direction
where the
firm is going.
 Any firm
needs to have
a business
plan.
Whether it is a written
document (for outside
investors) or a simpler
outline of a business
model (for internal
guidance)
 PERSONAL PLAN
A personal business plan,
sometimes called a personal
development plan, is guided
by the same principles as a
corporate business plan. You
write a personal business plan
to review your personal goals
relating to your career, family
and financial development.
 It is important to determine if the
personal goals of partners fit so the
business proceeds in one direction and
focus.

And even with having a growth goal,

entrepreneurs or partners in business
need to decide if they want to grow
slowly but surely, or attain rapid growth.
 IMPORTANCE
 A personal development plan
 A business plan is a
very important strategic tool for
entrepreneurs. A good business
plan not only helps
entrepreneurs to focus on the
specific steps necessary for
their to make business ideas
succeed, but it also helps them
to achieve both their short-term
and long-term objectives.
provides a framework that will
you identify the areas of their
strengths and weaknesses and
come up with a guide that will
optimize and capitalize on their
existing skills and capabilities. It
is a snapshot of where do you
stand at the time of the
assessment that lets you reflect
on your next steps.