WEEK 7

"I had to make my own living and my own opportunity! But I made it! Don't sit down and wait for the opportunities to come. Get up and make them!"
- Madam C.J. Walker-

This week, we have learnt to plan our business using the guidance provided.


Importance Of Business Plan:

1. To provide others an opportunity to meticulously, critically and objectively evaluate ideas and business projects.
2. To display the viability of a planned project.
3. Assist someone to assess requirements of business necessities so that distribution of resources could be done effectively.
4. To provide someone with the realization that there could be future problems associated with running the project.

Important Aspects in Business Plan:

1. Purpose
2. Business Background
3. Ownership Background
4. Industry Information
5. Marketing Information
6. Marketing
7. Price
8. Promotion
9. Distribution
10. Competition
11. Management
12. Operation
13. Finance

WONG SHY CHIEN KEE120058