Why a business plan is important for business


Comments

Post a Comment

Popular posts from this blog

Importance and limitations of business plan

Just like management is   continuous activity   in the same way   o   needs continuers   updates and   planning as the   business   moves on we need to   adjust   as per the   situation arrives. We can say that business planning is one of the most important factors of management. It also sets up the arena for all upcoming functions of management like organizing, directing etc. We will understand the perception of business planning . ●        We know that business planning or planning means in planning we decide what has to be done in future and we can say it decides what has to be done in future in order to achieve what the organisation or business wants to be. ●        So we can say that business planning helps to set the objective of the business and it develops a plan of action to achieve the desired results. Once the   planning is   done it   becomes   clear what   is   expected from the   people   working in an organization like   manager and worker they get the   clear pict
Read more

HOW TO GET A Mudra Loan From Bank For Agro Business

  The agriculture sector needs approach to finance for growth. And the change from subsistence to commercial agricultural production needs an instant business fund. MUDRA loan is one such basic measure which the Indian Government has initiated for promoting MSMEs nationwide. Business loan which has acquired attention is known as Pradhan Mantri Mudra Yojana and its also recognized as Mudra Bank Scheme, this Government business loan has acquired more attention. This scheme offers, from INR 50,000 to almost INR 10 lakhs to small business entities and start-up companies. ·          Mudra loan provides funding for small businesses or micro business to expand and increase their businesses or handle regular business operations through simple fund schemes.   ·          Like several financial lenders, Indian Bank is a contributor of Mudra loan to people in nation. According to the Mudra loan subsidy presented by the Government of India, the accurate Mudra loan rate of interest could be
Read more

What is NSIC (National small industries corporation) & How can it benefit you?

  One of the projects of Government of India is National Small Industries Corporation which comes under the Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has worked to endorse aid and foster the growth of micro, small and medium-sized enterprises in the country. NSIC offers incorporated support services in Marketing, Technology, Finance and other support services. ·          SINGLE POINT REGISTRATION the Indian government is a major buyer of the goods. To participate in Government purchase government has given responsibility to NSIC to register micro and small businesses (MSE) under single point registration (SPRS) so they can participate in government purchases. Units registered under the Single Point Registration Program can reap the benefits of the "Public Procurement Policy for Micro and Small Enterprises (MSE) Order 2012. ·          ADVANTAGES OF REGISTRATION Registered units will receive the following benefits:   Free issue of Tender Sets; Exemption from
Read more