Saturday, August 24, 2013

PREPARATION OF BUSINESS PLAN



As we were given the task of making a BUSINESS PLAN in the Business Studies period, ideas circled around in my head, evaluating the importance of this activity, without this crucial piece, starting a business would be impossible!
Banks would refuse to give us loans, there would be no co-ordination in the business, if no market-research is undertaken, and our business would incur woeful losses!
This prompted me to make the best business plan I could, this would be a wonderful opportunity to practice, thus reaching my dream of becoming an entrepreneur much more easily - Ruthwik Bhupatiraju (IX J (CIE Segment) 
         

We were given the task of writing a BUSINESS PLAN in the Business Studies period. A business plan is a fundamental step in forming a successful business.
So, with a heavy heart (we weren’t all that enthusiastic about making a large form) we started preparing the business plan with the hints given by Ms. Siby Gladis (Business Studies teacher). Slowly and steadily, our enthusiasm began to grow as we experienced the first-time feeling of being in the shoes of an entrepreneur.
We learnt many aspects such as financial, economic, marketing, political, technological including the risks taken by the entrepreneurs, and the importance of planning our steps carefully.
All in all, it was an enlightening experience and we enjoyed it immensely - Swetha Maganti (IX J (CIE), Anusha. G (IX J (CIE), Aakansha Reddy (IX J (CIE)

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