JET FAN TECHNOLOGY LTD BUSINESS PLAN

Jet Fan Technology Ltd Business Plan



Jet Fan Technology Ltd Business Plan

Introduction

This paper presents answers to the questions related to the topic of business plan and business planning process. The company in focus is JetFan Technology, a non-listed public company, engaged in the manufacturing of innovative electronic cooling impellers. The extensive use of technology has resulted in the company's emergence as the leading manufacturer of impellers for its clients. The firm has targeted the electronic cooling equipment segment and desires to supply customised and innovatively designed impellers to the potential buyers. The company has also shown its interest in forming an alliance with its stakeholders, enabling the firm to gain more ground in this technology-oriented market of fans (Abrams, 2005, 52).

What does business plan mean?

The business plan is a document that contains detailed plans for the launch or development of existing business. This document is used to describe the business objectives and strategies, as well as providing financial planning and marketing plans (Abrams, 2005, 52).

The main objective of developing a business plan - to plan the economic activities of the company for the nearest and remote periods in accordance with market needs and the ability to obtain necessary resources. Other objectives of the business plan may be different, for example: to understand the degree of reality to achieve the intended results, the alleged justification for the company and evaluate the results over time, to clarify the course of action to manage the enterprise, so you can submit a business plan as an integral element of strategic planning and as a guide for execution and control, business plan can be used as a means of obtaining the necessary investments, it informs investors about the status of the entrepreneur proves the desirability of a form of management, business plan can be a good advertisement for the new venture, creating a reputation and being the original card of the organisation ; business plan is a kind of document that ensures the success of the proposed business (Covello, 2007, 33).

In essence, it provides detailed information about where the company is going to invest its finances and how it will be up to them to get. The company's management and its investors have a clear idea about the stages of execution of tasks in the enterprise and the development of relations with the enterprise market. One of the provisions for which prepared a business plan is to attract investors in the venture, but apart from that he is still a lot of useful properties that can be applied to the enterprise (Covello, 2007,, 33).

What does business planning process mean?

Business planning is defined as an ordered set of steps and actions associated with a situation analysis of the environment, goal setting business planning, business plan development, its promotion to market intellectual property, as well as implementing a business plan, its promotion and monitoring its implementation.

The main elements of the business plan are the title page, introductory part, the analytical section, ...