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Business and Finance - Page 15

Huge inflow of cross country funds Rapid Industrial/Infrastructural growth Increasing GDP Conducive Socio-Political environmentA prospective analysis of the Indian Business scenario.

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There are scores of reasons why you need to have a business plan, the most important being:

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It always pays to seek the help of professionals. They help you polish your business plans and make them presentable. To do this, you can hire a business consultant.

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If you are seeking investments for your business you need to know what investors look for in a business plan.

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If you want to get a loan you should know what bankers look for in business plans. This will help you tailor your business plan to their liking, and make a good impression.

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Business plans may share common objectives, like raising money, but they differ in their style of writing, presentation and emphasis.

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There are two clear functions involved in an e-business. The first is setting up a website and attracting traffic; the second is setting up a supply chain and ensuring deliveries.

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A business plan is a key document that lays down your goals and strategies. It forces you to think about the strength of your business idea, and draws up the business path that you need to follow.

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