business
A business plan on the other hand is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting a new venture. It is often an integration of functional plans such as marketing, finance, manufacturing and human resources. It also addresses both short term and long term decision making for the first three years of operation. Thus, the business plan, or road map, answers the strategic questions of where am I now? Where am I going? And how will I get there? Potential investors, suppliers and even customers will request or require a business plan. How I Prepared My Preliminary Project Proposal In my case, I followed the following break downs keeping each section as brief as possible. 1. Background: in this section, I established the context of the project by giving an account of the problem it is trying to address. 2. State of the art: I gave an overview of existing and emerging technology in the field, including a