An Introduction to Business Plans free essay sample

A venture plan is a very important strategic tool for entrepreneurs. A good venture plan not only helps entrepreneurs to focus on the specific steps necessary for them to make their business ideas succeed, but it also helps them to achieve both their short-term and long-term objectives. Benjamin Franklin once said, â€Å"If you fail to plan, you are planning to fail!†Ã‚   While a venture plan is important in entrepreneurship, not every entrepreneur sees the need for it. Many are reluctant to have their plan written down. In fact, there are numerous articles online claiming that the business plan is dead or irrelevant, but venture plan can be useful in many ways like A venture plan helps the entrepreneur to secure funding and support growth.Potential investors or lenders want a written venture plan before they give you money. A mere description of your business concept is not enough. Instead, an entrepreneur should have a thorough venture plan that demonstrates the likelihood of success and how much will needed to start the business. We will write a custom essay sample on An Introduction to Business Plans or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As an entrepreneur, having a venture plan helps you to define and focus on your business ideas and business strategies. A venture plan can help you to determine the actions that should be taken to improve your business. A venture plan can detail future scenarios, set specific objectives and goals along with the resources required to achieve these goals. By understanding your business and the market a little better and planning how best to operate within this environment, you will be well placed to ensure your long-term success.It helps you to identify potential weaknessesHaving a business plan helps you to identify potential pitfalls in your idea. Venture plan can also be shared with others to get their opinion and advice. Sharing your venture plan with experts and professionals can help you to get their valuable suggestions and might help you to overcome your business weaknesses. Overcoming weaknesses will improve the chances of success for business.It helps to communicate your ideas with stakeholdersA venture plan is a communication tool that you can use to secure investment capital from financial institutions or lenders It can also be used to convince people to work for your enterprise, to secur e credit from suppliers, and to attract potential customers. Creating a venture plan involves a lot of thought. You need to consider what you want to do, and use that as a starting point. A good venture plan helps you to identify where you are now, where you want your business to go, and how you will get there.ConclusionVenture plan is one of the most important components of a business. It can be considered as the first stage of the business where the entrepreneur evaluates his business idea to check if the business has the potential for success or not. A good venture plan is extremely valuable for raising funds from institutional investors and lenders. A well-documented business plan speaks for itself and helps an entrepreneur to communicate his business idea. Many business funding experts agree that having a good business idea is not enough. Even excellent business ideas can be totally useless if you cannot formulate, execute and implement a strategic plan to make your business idea work.

computer language essays

computer language essays Everything in this world always changes and develops itself into something better and in some cases worse. One of the fastest changing environments is IT and all of the specific parts that make it up. For example, if a person were to go buy a top of the line, state of the art home computer, it would become obsolete within the month. Not every part of the IT state becomes obsolete that fast, but sooner or later it does. One of the biggest parts of the IT industry is the programming side of the industry. From Fortran, Cobol, C++ and Java, these languages are brought to the top and kept there until they are brought down by another language. In the early years of programming the top dogs of the industry were switched out by Fortran and Cobol. Every developer and programmer used these two dominant programming forces. Today, we see some Fortran and Cobol in the industry, but both languages are slowly becoming scarce. New and improved languages have since replaced the older languag es. Java and C++ each have their own advantages and disadvantages. C++ is viewed as a solid, mature, mainstream tool, and it has widespread industry support making it "good from a business perspective. There are countless numbers of companies and government sites that make use of C++, and the number of C++ developers doubles every year. From a business perspective, C++ has many benefits. First, it has a huge installed base, which means there will be multi vendor support for tools, environments, consulting services, etc. C++ is also becoming standardized, there are American and international groups working closely with each other to develop a standard C++ language. But for now, the defending champion as of right now is C++. From the most modern software developers to the Texas A ...