Business Plan



Business Plan

Retro Tech is a renowned company known for installation, design, modernization and for automated data storage. It has been operating since 1985, and has initiated many green field projects for various companies. The aim or objective of the company is to provide customer oriented services and improve the overall efficiency of businesses for various clients. The services provided helped its clients to enhance productivity of the overall business, reduce labor requirement, reduced per unit cost.

A business plan is crucial element of any business. It contains all the description as to how should we achieve the vision of the business. Planning plays an important role in business plans as approximately 80% of new businesses fail are mostly due to a lack of planning and the process planning, which is very necessary for the smooth flow of business. It is important for the plan that it should include all the skills to examine and clearly understand the issues. Similarly, the company plans to initiate further more projects that will further expand company's businesses (Mohamed, 1999).

If planning is good than there is no issue for the business as it is necessary that the business should focus on strong planning. The biggest mistake which is committed by business planners is to misunderstand the market and the opportunities available to their product or service. Many new entrants in business are excited about their product or service and assume that consumers will be. They then play around with the figures so as to give realism to the business opportunity. In other words, some planners make their dreams for reality. It is not uncommon for professional planners rejected the plan after a review of just a few minutes when the planner is not clear of the business opportunity. This is the question ...