This week lesson, have learnt about the business plan.
What is the meaning of business plan?
Business plan is a written document to explain the business that is to be ran comprehensively covering analysis, forecast and expectations plus implementation of business strategy.
There are several importance about the Business Plan:
1. to provide others an opportunity to meticulously, critically and
objectively evaluate ideas and business projects.
2. to display the viability of a planned project.
3. Assist someone to assess requirements of business necessities so
that distribution of resources could be done effectively.
4. To provide someone with the realisation that there could be
future problems associated with running the project.
How do I feel about the things that I've learnt from this week's lecture?
I feel that the things that I have learnt from this week lesson is very important because as we know, a well-planned business is very important in order to make it successfully. This is to prevent any loss for doing starting a business. Besides that, a well planning business can also reduce the risk of the business as well. So, before we start a business or any important things in our life, we need to plan it well before we start to do.
How am I going to apply the knowledge that I've gained?
I will apply the knowledge I gain in this week which is PLANNING in my life from now on. I will plan my future and my studies well just like we plan our business for the project. I will also consider about the time for studies and also entertainment everyday in order to balance my studies and my entertainment. I will also include sports in my daily lifestyle because in order to maintain a healthy body, we need to exercise frequently every week. So, I will plan my lifestyle properly and nicely so that my life will be easier in the next ten years.
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