Continue reading “4 Important Components of the Business Plan”
“The organization who wants to outperformed & make a continuous profit must satisfy 4 Important components of the business plan first. For long-term success, there should be perfect synchronization between these components of the business plan. The business components which influences the performance of the business entity are stakeholders, processes, resources & organization.”Components of the Business Plan
Business is the transaction between two parties who involve themselves in a trade or exchange of goods & services. It is a process where both parties share the common interest for mutual benefit. They exchange the value where one party gains monetary benefit over the other after exchanging of goods and services. This transaction reveals the concept of Revenue. It is the total gross class flow to the business entity before deducting expenses & taxes.