Tuesday, August 23, 2011

Buying a Business

When you buy a business you gonna need a business plan. The plan is one of the most important documents in the company. The business plan gives the company owners overview of activities, the scope of work, the methodologies and governance to be used, the broad strategy to take, how costs and people will be managed, the quality standards. This is important in the overall survival and profitability of the company.

Here are the main points in the plan:

 • Objectives
• Scope of work
• Constraints
• Assumptions
• Dependencies & Impacts
• Issues & Risks
• Methodologies & Strategy
• Controls: Scope, Time, Cost, Quality, Resources
• Communications
• Schedule of Delivery
• Performance Measurement
• Benefits Realization
There are a lot of websites with free templates or software that will help you build your business plan.For instance:http://www.bplans.com/.
After the business plan is ready it can be used for navigating the company's development and if necessary also for obtaining a loan from the local bank.