A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis.

The primary value of a business plan is to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects.

• It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about your operations and goals.
  
• A business plan is a tool with three basic purposes: communication, management, and planning.
  
• As a communication tool, it is used to attract investment capital, secure loans, convince workers to hire on, and assist in attracting strategic business partners. The development of a comprehensive business plan shows whether or not a business has the potential to make a profit. It requires a realistic look at almost every phase of business and allows you to show that you have worked out all the problems and decided on potential alternatives before actually launching your business.
  
• As a management tool, the business plan helps you track, monitor and evaluate your progress. The business plan is a living document that you will modify as you gain knowledge and experience. By using your business plan to establish timelines and milestones, you can gauge your progress and compare your projections to actual accomplishments.
  
• As a planning tool, the business plan guides you through the various phases of your business. A thoughtful plan will help identify roadblocks and obstacles so that you can avoid them and establish alternatives. Many business owners share their business plans with their employees to foster a broader understanding of where the business is going

• What is a Business Plan?
• Why do we prepare a Business Plan?
• What to avoid in your business plan
• Business Plan Format
• Vision statement
• The people
• Business profile
• Economic assessment
• Six Steps to a Great Business Plan
• Basic business concept
• Feasibility and specifics
• Focus and refine concept
• Outline the specifics of your business
• Put your plan into a compelling form
• Review sample plans
• Business Plan's Necessary Factors
• Understanding your market
• Healthy, growing and stable industry
• Capable management
• Able financial control
• Consistent business focus
• Mindset to anticipate change

• This course is suitable for anyone who wishes to learn and develop skills in this area.

• The materials for the trainees will be in English.

• The language of instruction should be in Arabic / English.