A Business Plan For Small Business Essay - 3538 Words

1. INTRODUCTION A good business plan is not only important in developing the opportunity but also essential in determining the resources required, obtaining those resources and successfully managing the resulting venture. Running a Business is both exciting and challenging. It requires to develop business tools for the better with proven advice and successful strategies for small business, plus practical guidance on how to find business funding, chose a business idea, or get your business up and running. Many people these days prefer to open their own business but they need to do a detailed research and consider practical things to gain the confidence of starting it in this competitive world. I recently came across one of my family friends who is running small business in mobile truck shopping named as â€Å"Easy Shop† in Auckland. Mobile truck shops trawl around different areas, selling to families door to door. He is in his late 20’s and graduate in business administration and has be en running this business with a team of 5 for 3 years. He is a smart business runner and confident about his marketing and strategic skills but is presently struggling to get enough profit out of his business and compete with the potential big competitors like Home Direct and Good Guys in the market. He started off quite well and managed to reach the profit intersection within 2 years but profits started to fall in the 3rd year suddenly. As I am about to complete my post graduation in businessShow MoreRelatedA Business Plan For My Small Business2600 Words   |  11 PagesThis is a business plan for my small business called ‘ Molecule, The Modern Patisserie’. Molecule is a patisserie that has a combination of classic patisserie and a modern patisserie. 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