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Presented By: Hanumanth R B BH4TBB023

The document outlines the steps in the business planning process, starting with idea generation and assessing the environment. It emphasizes the importance of conducting feasibility analyses, preparing a project report, and continuously evaluating and reviewing the business. Finally, it highlights the development of a business plan as a crucial roadmap for guiding the enterprise's future.

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HANUMANTH H
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39 views8 pages

Presented By: Hanumanth R B BH4TBB023

The document outlines the steps in the business planning process, starting with idea generation and assessing the environment. It emphasizes the importance of conducting feasibility analyses, preparing a project report, and continuously evaluating and reviewing the business. Finally, it highlights the development of a business plan as a crucial roadmap for guiding the enterprise's future.

Uploaded by

HANUMANTH H
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd

KELADI SHIVAPPA NAYAKA UNIVERSITY OF AGRICULTURAL

AND HORTICULTURAL SCIENCES, SHIVAMOGGA.


COLLEGE OF HORTICULTURE, HIRIYUR
COURSE TITLE:
BUSINESS MANAGEMENT AND ENTREPRENEURSHIP
AEC-302[1+0]
TOPIC:
STEPS IN BUSINESS PLANNING PROCESS
PRESENTED BY:
HANUMANTH R B
BH4TBB023
STEPS OF BUSINESS PLANNING
PROCESS
1. Idea generation:
This is the first preliminary stage of business
planning process. New ideas can be obtained from
consumers, employees, research and development,
market intermediaries etc.
2. Assessing the environment:
Before venturing into the commercialization of the
ideas, it is necessary to know strength, weakness,
opportunities and threats to be faced by the
organization/entrepreneur.
3. Feasibility analysis:
 On finding the environment suitable for the enterprise,
detailed feasibility study is to be carried out viz.,
 Market feasibility is concerned with ascertaining present
and future aggregate demand for the enterprise
product/service.
 technical feasibility covers the parameters of raw material
availability, material requirement planning, plan location,
plan capacity, machinery & equipment, plan layout etc.
 Financial feasibility is also carried out at the end to assess
financial issues of the proposed enterprise.
4. Project report/project proposal
preparation:
 Using the information so far collected,
a project report/ business plan has to be
prepared.
 It is a written document describing step by
step strategies to establish and operate
an enterprise.
5. Evaluation, control & review:
order to retain leading position in today’s
competitive business world, it is necessary
for an enterprise to continuously evaluate
the functioning and do necessary revisions.
6. Developing a business plan:
 Developing a business plan is an
important step in establishing any
new enterprise.
 A business plan act as a roadmap
to guide the future of the enterprise
and provide direction for expansion,
diversification and evaluation of the
enterprise.

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