Find a recent business plan and summarize the plans strengths and weakness. What areas would you change? What is the value of looking at existing business plans?
Business plan
Full Answer Section
Changes I would make:
- I would add a section to the business plan that addresses the challenges that the company may face.
- I would make the marketing plan more detailed.
- I would include a timeline for achieving the company's goals.
Sample Answer
Sure, here is a summary of the strengths and weaknesses of a recent business plan, as well as some areas that I would change:
Strengths:
- The business plan is well-written and easy to follow.
- The market research is thorough and provides a good understanding of the target audience.
- The financial projections are realistic and achievable.
- The business plan is clear about the company's goals and objectives.
- The business plan does not address some of the challenges that the company may face, such as competition and regulatory changes.
- The business plan is not as detailed as it could be in some areas, such as the marketing plan.
- The business plan does not include a timeline for achieving the company's goals.