For a startup, A good business plan is very important as it can serve as a roadmap for the Company as well as provide information in a systematic format to the promoters, investors and financial advisors. Business plan needs to have all the components that are required to determine the success of an enterprise.
Advantages of having a sound business plan;
- Determining whether the idea can succeed
- Getting investments from Angels, Venture Capitalists, Financing from institutions
- Setting the priorities
- Ensuring proper focus
- Managing the change
- Devising a strategy
- Review Mechanism
- Fund Management
Based on the requirements and business idea, we at BFAG conduct thorough market research, competitor analysis, financial forecasting as a part of building a comprehensive business plan.