Business plan is a blueprint of step by step procedure that would be followed in future to convert business idea and planning into a successful business, it involves following tasks:
- Identification of an Innovative idea, business opportunity and market
- Do a research for environment in which would likely to launch that business, check opportunities and threat
- Internal Weakness and strength should be noted down
- Feasibility Study on that idea needs to be done
- Resources should be allocated in best possible way