El-Watan

Promoting Democracy in Algeria

Business Plan

During the current economic situation, will appear by necessity many entrepreneurs, which face little labor supply, should create its own sources of income. Lack of business experience of them, greatly increases the chances of failure of these new businesses, if you add the lack of a Business Plan, then practically their survival will be null. Many people believe that a Business Plan is pure theory or paper without life, or only to comply with requirements to apply for any credit. However a business plan offers the opportunity to evaluate the true feasibility of business, it greatly increases the chances of survival, and more in these times. Is why it so? You define exactly what you want to do. What you need to do this. What will be the business model.

To those who will be required. How many resources will be required to start the project and its working capital. And most importantly, the viability of the project. The Business Plan, is the closest thing to a review of consciousness, it helps to consider all factors that are required to start and be able to go by establishing a business. Unfortunately, many entrepreneurs, not considered it as well; If we make a survey we will see that never existed such a document, and how they have survived many years, is not required. The problem is that these new times require more than just going with the flow, it is necessary to do different things, but before making them, we need to assess exactly how we are.

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