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Coleago develops analytically robust yet practical business plans that clients can implement with confidence.
This unit is only required for Senior Division teams, who will submit a business plan.
However, Junior Division teams are encouraged to follow along with this unit to gain a better understanding of business development.
In the last unit, you learned about business models, which deal with developing ways to make money and sell your product.
However, a business plan is different, it is a proposal about how you will run your entire company from the start.
Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved.
Sometimes, a new business plan is prepared for an established business that is moving in a new direction.We understand that writing a business plan can be a daunting experience.You have a great idea, loads of experience in the industry, but you’ve never had to produce a document like this before…Don’t worry!In other words, it is a set of instructions on how you will build your business, describes the important parts of your business, and explains why you are building the business.The plan tells a story about your mobile app: After your mentor or your team have looked over the business plan as a group, make sure to incorporate their feedback.A business plan is a formal document that has important information about your company, your goals, and a plan to accomplish your goals.You can think of it as a comprehensive document that incorporates many of the things you’ve already learned in the other Business Units-- you are just putting all of it together!It helps to get different people’s point of view, since this is a document that might be read by all different types of people.A good business plan can help you secure finance, define the direction of your business and create strategies to achieve your goals.Coleago’s business planning process focuses on achieving competitive advantage and enhancing shareholder value.We ensure that our client’s vision, mission and goals are achieved through an integrated approach to strategy, marketing, operational and financial planning.