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an enterprise which actively participates in commercial, industrial
or professional activities. It can be categorized as both profit
and non-profit entities. The inception of business begins with a
business concept and a name. A business organization comes
into function after the development of the Business Plan.
Business Plan is a legalized and formal document consisting of
a detailed description of the strategies, goals, and objectives of
the organization and the plan of achieving the desired goals
and objectives.
There are some things that are needed to be kept in mind
while making business plans such as length of the plan,
presentation of the business plan, contents of the business plan
and the choice of the business plan.
There are a lot of stages that a business organization has to
go through in its life cycle before reaching their desired goals.
Business faces different challenges every day and each of these
challenges makes use of different approaches for finding an
appropriate solution to it. One should also be able to
apprehend the future challenges and upcoming financing
sources in order to be successful at each and every stage of
the business life cycle.
There are only a handful of business organizations who actually
grow to hold a stable position in the market. Therefore, all the
decisions pertaining to business proceedings should be taken
intelligently. Several business strategies have also been designed
for the small-scale business companies which aid them in
reaching the desired goal.
