Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are the benefits from creating a business plan and business model?

user-image
Question added by Hany Sewilam Abdel Hamid , Director of Sales and Marketing , Creative Sense
Date Posted: 2016/05/01
Mohammad Ghanayem
by Mohammad Ghanayem , Technical Project Manager , Huawei Technologies

Business plan help you to show the main points that your company based on and what you should do in time of period depends on what you are thinking and what is the potential, also your objectives will be clear, therefore you will sort your priorities to be more accurate in applying the business model, but you need to specify what is your model components and how to keep it running and operating.

as business owner you will be involved with all business operations and employees performance to develop your business and improve it year by year, but you need to be careful about your cash flow and financial part how to deal with it and its better to hire someone to handle all financial statements and to give you advises.

What are the benefits of creating a business plan and business model? You have guides. Although they are guides, you should be open to change. These guides and models come from theories which spring from experiences of scholars. Although these principle are proposed by scholars, we should remember that change is inevitable.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.