Characteristic of sound business plan

A little about the essay
Planning is goal-oriented. Planning is made to achieve desired objective of business. It provides sense of direction to various activities. Maruti Udhyog is trying to capture once again Indian Car Market by launching diesel models.
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8 steps to creating a sound business plan

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Planning | Meaning | Kinds | Essentials of Sound Plan

Some of the important characteristics of a sound financial planning are: 1 Simplicity 2 Foresight 3 Flexibility 4 Optimum use of funds 5 Liquidity 6 Anticipation of contingencies and 7 Economy. Sound financial planning is necessary for the success of any business enterprise. It entails policies and procedures for proper co-ordination between the various functional areas of business. This involves proper allocation of resources among various departments and thus leads to minimisation of waste of resources. While preparing the plan of capitalisation in a company, the following canons or factors should always be kept in view:. A sound financial structure should provide simple financial structure which could be managed easily and understandable even to a layman.
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Characteristics of Planning

Asked by Wiki User. When you do, that's when work slows and your chasing your tail. If you go by these five u will make it I'm sure. A BT business plan should be a sound and proactive device used to allow new business owners information on formatting and starting up a business.
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After reading this article you will learn about the Financial Plan:- 1. Meaning of Financial Plan 2. Objectives of Financial Plan 3.

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