Linear Communication Models Examples

Linear Communication Model

The linear communication model refers to the framework that explains the one-way communication process. Many communication systems are one-way directed, including disseminating news through radio. For example, print media spreads emergency news to readers; but readers cannot respond instantly or provide feedback to the authority.  Conveying information through the radio, TV, newspaper, and book is an appropriate example of one-way communication. Therefore, many scientists designed linear communication models to explain these one-way communication processes.

A linear model excludes Feedback, which is a mandatory element for transactional communication. In a communication process, senders transmit info to receivers. Similarly, receivers respond to senders, which is called Feedback. Effective communication is occured when both senders and receivers respond simultaneously. Feedback is an essential element of the communication process.

Different Between Linear and Transaction Models

The primary difference between the transactional and linear models is- the transactional model includes Feedback, but the linear model excludes it.

Additionally, the transactional theory can explain two-way communication, including face-to-face interaction. In contrast, the linear model can describe only one-way communication, like reading newspapers.

Finally, transactional models are developed from the linear model. The linear models are older than the transactional model.

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Linear Model of Communication Example

The Four Examples of linear communication models are:

  1. Aristotle Communication Model- 300BC
  2. Lasswell’s Communication Model- 1948
  3. Shannon-Weaver Communication Model-1949
  4. Berlo’s SMCR Communication Model in 1960
Aristotle Communication Model– 300BC

Greek scientist Aristotle introduced a linear communication model in 300 BC. He designed the model to explain how to provide political and social speech for audiences. The model is focused on the message and audience or receiver mainly. The five critical components of Aristotle’s communication model are speaker, speech, occasion, audience, and effect. This theory does not mention Feedback; hence, it is a linear communication theory.

Models of communication- Aristotle's model of communication

Lasswell’s Communication Model

In 1948, Harold Lasswell described a linear communication model with five elements: who says what, in which channel, to whom with what effect. It is another prominent model to illustrate one-way communication.

Lasswell Linear Model of Communication Explanation Image or Photo

Shannon-Weaver Communication Model

The Shannon-Weaver model is the most notable theory in the communication arena for representing communication noise. It is known as the mother of all communication models. In 1949, Shannon and Weaver published this model to explain how signals are transmitted through channels. The six components of the Shannon-Weaver model are Information Source, Transmitter, Channel, Receiver, Destination, and Noise Source.

Shannon and Weaver Model of Communication-

Berlo’s SMCR Communication Model

In 1960, David Berlo developed another linear communication model with four key elements Source, Message, Channel, and Receiver. Therefore, it is known as the SMCR communication model. Berlo describes five more elements under every critical component. For example, Source includes Communication Skills, Attitude, Knowledge, Social Systems, and Culture. Additionally, the message comprises Content, Elements, Treatment, Structure, and Code. Moreover, the channel contains hearing, seeing, touching, smelling, and tasting. The receiver includes the same elements as the message sender.

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Linear Model of Communication Example Situation-1

For example, Joe Biden, the 46th U.S. president, delivers a speech on CNN after returning from Ukraine. People are watching television to hear the president’s statement. He announces $500 million for military support in Ukraine. The speaker is the message’s sender, and the audiences are the receiver. The message has been transmitted through the CNN television channel. However, audiences can not respond to the speech instantly. The feedback is not presented in this type of communication; hence, it is a one-way communication process.

Linear Communication Model Example Situation-2

A no-reply email is also an example of a linear communication process. The receiver receives the messages in email but cannot reply to them. A no-reply is sent from the company domain email that doesn’t receive feedback.

Strengths and Weaknesses of the Linear Model of Communication
Advantages of the Linear Model of Communication

The linear communication model is easy to understand and describes the entire process thoroughly. The communication is straightforward and targeted to specific audiences.

Disadvantages of the Linear Model of Communication

A linear model does not represent Feedback; therefore, models are incomplete. It can explain only the one-way communication process, but not two-way interactions. Linear models cannot describe face-to-face communication as the most effective interaction.

Business Plan Examples For Students Entrepreneurship PDF

Business Plan Examples For Students. Business Proposal Examples for Students. Also, Business Plan Samples For Students. Business Plan Examples For Students Entrepreneurship PDF.

Business Plan

The business plan refers to the company’s written statement explaining the business, including an executive summary, product and service, operation, marketing, and financial plan. The employee makes the business plan to represent the organization to stakeholders, customers, and affiliates. It proposes the business strategy entirely, so a business plan is also known as a business proposal. The business plan is crucial for a company to achieve competitive advantages. The significant elements of the business plan are executive summary, background, product and service, organizational structure, sales and marketing strategy, financial and operational plan, and more. For example, the new organizational structure of Netflix has influenced the improvement of its performance in 2023. In the meantime, Netflix added the new organizational structure to the business plan and declared it publicly.

Business Plan Example For Students

A business plan example refers to a business proposal sample that thoroughly explains the organization, including the executive summary of the financial statement. It also indicates the business report example or business proposal format. An example of a business plan includes the executive summary of the business, operational strategy, start-up financial projections, financial projections, etc. The business plan example for students is also known as the business report format.

Business plan writing is a mandatory assignment for students in the entrepreneurship, business administration, and business management course. It is also crucial to get a bank loan and make agreements with other organizations. The bank authority asks the organization to submit a business plan with the bank loan application. The other names of a business plan are business proposal, report, profile, and more. A business plan example is also known as an example of a company profile, business proposal example, sample, and format.

Business Plan Examples For Student Entrepreneurship

Today, the author presents a business plan example for students that the students have created in the basic entrepreneurship course in the faculty of economics and management, University Putra Malaysia (UPM). The lecturer sets group assignments for the students; therefore, the students make the business plan example to complete the group assignment. So, this business plan example certainly assists students of entrepreneurship, BBA, MBA, economics, finance, and business communication course.

Example of Business Report

Business Plan Examples For Students

The students set the company name “BambooS.” It sells reusable and eco-friendly bamboo straws. Straws are a unique product in Malaysia that can be customized for length and diameter. Besides, the company offers engraving services. So, customers can customize a meaningful word on the bamboo straw for engraving. In addition, it provides a designed pouch as packaging for our straw that looks smart.

Business Plan Example and Sample For Students

BUSINESS PLAN TABLE OF CONTENTS

1.0 Executive Summary Of Business Plan

BambooS Sdn. Bhd. company was created by a group of 10 students of University Putra Malaysia from different faculty, and all of them are enrolled in Basic Entrepreneurship (MGM 3180) class. This company is named BambooS as we are selling and producing bamboo-based products. The capital S in the company’s name stands for straw. The original idea came from one of our members, who had suggested we sell reusable and eco-friendly straws. So, we chose Bamboo as the main ingredient of the products.

Currently, we focus on producing eco-friendly straws to serve our customers the best quality yet affordable straws. Our product is also biodegradable as it is made from Bamboo. We also guarantee that customers can use our signature many times, and it is also easy to wash and carry. The straw size is customizable, so customers choose the size based on their preferences. In addition, our specialty is not only in our product but also in our packaging. We use eco-friendly and environmentally sustainable packaging. BambooS targeted customers are the University Putra Malaysia society.

Each member will contribute RM 100 each, so the total for ten members’ contributions for the capital is RM 1000. Our warehouse is in the Serdang area, where we produce, package, and store our products. We are making the straw as per the customer’s demand and request. For the marketing part, we are advertising and promoting our product through social media such as WhatsApp, Instagram, Facebook, and e-commerce, such as Shopee. We adopt the lean canvas business model tool to assess the outcome of the business.

2.0 Background of the Company

Product Introduction of Business Plan Examples

2.2 Company overview

Company Overview of Business Plan Formats

2.3 Vision And Mission Statement
2.3.1 Vision Statement

To build a business that encourages using environmentally friendly products in UPM and makes bamboo straw the first choice instead of using a non-reusable straw.

2.3.2    Mission Statement

We want to fulfill the objective of satisfying customers with our eco-friendly products. We are committed to providing a customizable, fair price, and safe bamboo straw to encourage people to reduce pollution by using reusable straws anywhere and anytime.

2.4 Keys To Success

The Keys to Success for BambooS Include: 

Reputation We will always keep in touch with the customer to collect all the feedback on our product or service so we can improve to reach the customer’s satisfaction
Superior Customer Service Additionally, the management is helpful in assisting customers in customizing and choosing the best straw size based on their preferences.
Location Moreover, BambooS deliver products all around Malaysia.
Product Finally, the products are very reusable, affordable, and eco-friendly.

Table 3 Key of Success

2.5 Organizational Chart

Organizational Structure- Business Plan Template

3.0 Administration anD Human Resource Plan

3.1 Business Strategies

Business strategy is crucial in order to maintain or amplify a company’s growth, and the personal preferences of corporate management do not influence good business strategies. Based on strategy in our company, there are some highlights on the function of every department to make sure all the plans run smoothly to meet the targeted goal that needs to be achieved in our business plan. We have put as much emphasis on the efficiency of each department.

Our company has set several strategies to achieve the company objectives. However, these strategies have been made based on every department’s suggestion.

a. Administration and Human Resources Department
  • The admin and human resource department monitors all the business operations according to the procedure and manages co-workers and administration problems.
  • It also addresses and solves problems that affect people management programs in the long run.
b. Marketing Department
  • This department ensures the marketing of the product and promotional activities in order to reach the products to a vast amount of potential clients.
  • It also promotes the business and mission of an organization through social media.
c. Operational Department
  • The operational department ensures that all the equipment and material are in order to run the operation smoothly and maintain that all products are effective and of good quality. It follows the eight principles of TQM to ensure product and service quality.
  • Additionally, this department has the ultimate accountability for profit and loss and seeks to maximize shareholder return on investment.
3.2 Position and Qualification

Business Plan Example

3.3 Job Descriptions

Job Description in Business Plan

4.0  Market Plan

4.1  Introduction

BambooS Sdn. Bhd. Support the “Save The Earth” campaign by producing eco-friendly Bamboo straws. These straws are environmentally friendly products; therefore, they work as alternatives to plastic products. The government has imposed restrictions on the use of plastic straws. They also create social awareness among people to consume natural products. Hence,   It is a substantial driving factor of our market strategy. In addition, the surging demand for drinking beverages, including juices and Boba drinks and then the save the turtle campaign, is also propelling the demand for bamboo straws across the globe. Bamboo straws are reusable compared to plastic; they are better for health, durable & robust, and it is an environmentally friendly product. The products will contribute to reducing global warming and preventing climate change globally.

4.2 Objective of Marketing

Our objective in producing Bamboo straws is to encourage consumers to use natural, eco-friendly products. Why are bamboo straws better than metal? Firstly, Bamboo comes from a natural source. So, it is naturally sturdy and effortless to collect. We need to use chemicals in order to produce and process metal straws.

Additionally, metal straws are not pocket friendly compared to Bamboo. Moreover, metal will rust when in contact with water and oxygen. Bamboo is much more cost-effective, less work, and easy to get sources. Our marketing strategy will focus mainly on reusable principal and much more trendy to youngsters because we have an engraving service to attract them.

4.3 Analysis of Marketing
4.3.1 Market Trend

The demand for bamboo straws has risen due to growing environmental awareness. Additionally, plastic straws have been reduced due to the government’s restrictions. , However, due to some exceptional properties of Bamboo, the bamboo straws market is anticipated to witness high growth prospects shortly. In addition, BambooS Sdn. Bhd’s uniqueness is we produce our straw ourselves, safety and hygiene assure, plus buyer can engrave their name on the straw, which is the wow factor to our product. Nowadays, consumers want recognition for something they buy or support, and they are also enthusiastic about ‘Save the Earth’ and deserve to flex.

4.3.2 External Environment Analysis

Our first demographic psychographic and geographic target market is University Putra Malaysia (UPM). Since we are students of UPM, it is easier to approach our target consumers, including students and staff. Students tend to bring their water bottles or flask to classes. It is one step toward being environmentally friendly; thus, we encourage their effort by selling bamboo straws. In addition, we will promote our product at cafes or food courts at faculty and library cafes and put up a booth at stationery stores and convenience stores.

4.3.3 Internal Environment Analysis

(SWOT ANALYSIS)

SWOT Analysis For Business Plan Example

4.3.4 Market Opportunities

Our bamboo straw is portable and comes with a pouch; thus, it is hygienic and convenient to bring everywhere. We also provide a small brush to ensure deep cleaning of the inner straw. Our product is not one of the straws, so students and staff can save money, and no need to bring straws in large volumes. The structure of our bamboo straw is strong and sturdy; thus, it will not break if soaked in water for a long time, unlike paper straws.

4.4 Target Market
4.4.1    Segmentation

Size

  • S size – for ordinary beverages, fully liquid
  • L size – suit for Boba drink or any drink that has topping.

Usage

  • People use straws for drinking tea, juice, frappe, and Boba.

Industry

  • Restaurants, cafes, food court, canteen, food stalls, stationery stores, convenience stores, and cooperatives around UPM
4.4.2 Consumer Market and Buyer Behaviour

(i) Students and staff at UPM
(ii)Cafe and Restaurant at UPM

4.4.3 Positioning
  1. New marketing strategy for eco-friendly products in the market.
  2. Our product, production, process, and packaging match with zero pollution
  • Providing Engraved service
  1. Customized and Eco-friendly bamboo straws of different sizes
  2. Made by Organic material
  3. Unique packaging with punch made by the jute bag.
4.5 4 P’s Marketing Strategy
4.5.1 Product Strategy

To make our product outstand the competitors in our business, we will ensure the quality and safety of our products always satisfy our customers.

Packaging

Our product comes neatly packaged in unique eco-friendly packaging with punch made by the jute bag, natural storage bags designed to help people think responsibly and promote their reusable bamboo straws every day.

Labeling/Customised

Our company provides customization services such as resizes and engraving the bamboo straws to attract more customers. So, our customers can request any size and engrave their straw with any logo or design they like. Our product comes in two sizes: the regular size for the standard beverage, fully liquid, and the large size suitable for Boba drink or drink that has topped. Customers can send and upload personalized messages with their logo or name for engraving to any of our social media accounts. Personalized bamboo straws look fantastic across social media.

4.5.2 Price Strategy

Price is the quantity of payment or compensation given by one party to the other in order to get the return for goods or services. It is essential as it determines our company’s profit and survival. Two factors affect our pricing strategy to maximize our earnings: internal and external factors. In our company, the external factor that affects our pricing strategy is marketing management cost, while the external factor is the competitive environment.

Our marketing management decided to sell the straw in four sets: A, B, C, and D. Our company decided to set the price at RM 10.00 for set A. This set includes the regular-size Bamboo straw, brush, and pouch. Then SET B cost RM 12.00, including the Boba size straw, brush, and pouch. SET C and SET D are the same set, A and B, but they are more special because they include the engraving service. The engraving cost is RM 8.00 for each Set. As we mentioned before, our product provides size customization, so our customers can personally request resizes the straw with the length they want, which costs RM 9.00 per set.

4.5.3 Place Strategy

Place strategy is also known as distribution strategy, wherein the organization decides the mode of distribution for the product. The pacing strategy plays an essential role in the product’s marketing strategy for development. We have chosen the market, cafe, or restaurant adjacent to the University Putra Malaysia. Our main target market is UPM staff and students.

Furthermore, we also decided to make it easy for our customers to find our product by using the shopping platform apps, Shopee apps. We chose these apps because Shopee is the go-to platform if you want to start selling online at a low cost and big money: commission-free selling and free shipping.

4.5.4  Promotion Strategy

Promotion is the marketer’s communication to provide information to different parties about the products. It is a communication process that involves data, persuasion, and influence on the customer. In order to get customers’ attention and obtain a more significant market share, Bamboos Sdn. Bhd uses `digital marketing, internet networking, or social media marketing.

We have set up social media accounts, Instagram, Facebook, Shopee, and Blogspot, to create awareness among people about our company. The marketing team will upload the promotional content to the social media platforms. This is because most people will be asked to stay at home due to this pandemic. With that, an online platform is the easiest way to buy anything we want without going out. Moreover, online shopping has become trending in this era, and all these social media sites have become the hottest websites, especially Instagram, which has a high rating in advertising. Many companies use social media for advertising their products and services by putting corporate information in their accounts.

Social Media Advantages

The advantage of using all these social media marketing is that it is free and can reach a large amount of the target market. We also use this social media platform to do hard and soft selling.

We fully develop every post to maintain its originality of the post. In addition, we will continually update our posts and story feeds to ensure that customers are more exposed to our product. Next, we also take advantage of the media’s hashtag usage. We use hashtags such as #Bamboos, #SafeTheEarth, and more to make it easier for customers to find or provide feedback on our products. The marketing team uses WhatsApp, Shopee apps, and direct messages on Facebook and Instagram as the medium for the ordering process.

Similarly, we will place the generated links on each social media to facilitate the product ordering process. Our company also makes sure transactions with our customers are easy and user-friendly. Finally, we also produce videos to promote our sales, and using videos to promote products is the highest social media reach for views and engagement.

As for Bamboos Sdn. Bhd, we tend to focus more on WhatsApp groups, Shopee, and Instagram since our target market is more UPM students. In the WhatsApp group, many students are involved, such as on faculty, college or hostels, and club groups WhatsApp and Instagram are more popular among the students as the place they spend most of their time.

5.0 operations planning

5.1  Location and Places

The Bamboo straw will be sold via online platforms, and our company members in the warehouse will handle the process of manufacturing and packaging. The production team resizes and polishes the Bamboo at the warehouse in South City Condominiums, Seri Kembangan, Selangor. The online platforms are Instagram, Facebook, Shopee, Blogspot, and WhatsApp. The supplies will be directly delivered to the responsible members for further processing based on our customer’s order.

The bamboo stock was from a supplier via the Shopee platform, and the pouch supplies were from Giftstalk Sdn. Bhd. The company logo’s printing service was also included when we ordered the pouch from suppliers. Moreover, we order coconut fiber cleaning brush stock and packing Boxes from Shopee. We also surveyed purchasing and made sure that our supplies were reasonable. All the supplies are ordered online and delivered to our company via specialized courier due to the Covid- 19 pandemic.

The bamboo straw will be customized and delivered to the customer using J&T Express, Ninja Van, and cash-on-delivery service, which will ease our delivery.

5.2 Objective of Operations

Our objective is to produce Bamboo Straw to ensure that all the equipment and material are run smoothly and to maintain that all products are effective and of good quality. We also must gain customers’ trust and satisfaction with our service, including preparation, packaging, and delivery. We also make sure our products are well-sanitized and safe for use. In addition, our company has ultimate accountability for profit and loss and seeks to maximize shareholder return on investment.

5.3 Operation Strategies

A few strategies have been set up to ensure that our business runs smoothly throughout the week and meets our objectives.

Business plan sample

5.4 Supplier

We have discussed and surveyed many suppliers on the best way to provide quality materials at a reasonable price. Customer satisfaction is the biggest hope that a company can give as a company to them. Thus, we have decided on the following suppliers as our supplies providers:

  1. Wing.DIY –Shopee– For Bamboo Stock
  2. GIFTSTALK SDN BHD)- For Pouch Supplies
  3. Gd. Pack -Shopee)- For Paper Boxes Stock – Sandpaper Holder with Plastic.
5.5 Process Planning

Business plan - Process Planning

5.6 Implementation Schedule

Business Plan Example - Implementation Schedule

5.7 Machinery and Equipment Including GST

Business Plan Machinery and Equipment Including GST

6.0 Financial Plan

6.1 Introduction

A financial plan can be defined as a process of framing objectives, procedures, and budgets regarding the financial activities of concern. This is done to ensure effectiveness and adequate financial and investment policies.

Generally, the financial plan is used to know an individual’s current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

A financial plan is one of the most crucial parts of a business. Some of the importance of a financial plan are:

  • A financial plan provides the direction of one’s business.
  • It also helps understand how finances impact one’s business.
  • Additionally, it helps to manage income better.
6.2 Objective of the Financial Department

A few objectives are as below:

  • Firstly, it determines capital requirements.
  • Secondly, it utilizes the fund sufficiently for different purposes.
  • Finally, it maintains proper cash flow.
6.3 Project Implementation Cost

Business Plan- Project Implementation Cost

Source of Fund

Our own money is used as the start-up capital with a contribution of RM100.00 per shareholder, bringing the total start-up to RM 1000.00.

6.4 List of Expenses

Business Plan Example- List of Expenses

Twelve partners contributed a total of RM1000.00 to cover all business expenses, which is RM 617.29, consisting of all cash expenses. Expenses are in terms of transportation (delivery), purchase of raw materials, equipment, and administrative fees.

The equipment is counted as fixed cost as they are bought in bulk. Refer to 6.4 (List of Expenses) for detailed information.

6.5 Record of List of Sales

Business Plan Record of List Sales

6.6 Income Statement

Business Plan Sample - Income Statement

After one month of business, BambooS Sdn Bhd ended up with RM 1600.00 from 7 different products. This includes selling 15 units of Set 1, 25 of Set 2, 35 of Set 3, and 30 of Set 4. Leftovers for bamboo straws are found. The income statement shows that the business’s net profit after one month of operation is RM 988.39, approximately 98.8% of capital invested into the business.

6.7 Cash Flow Statement

Business Plan Example- Cash Flow Statement

The case flow statement shows that the initial capital on hand is RM 1000.00, and at the end of the business, the total surplus (after deducting all expenses) is RM 1982.71.

The RM 1982.71 includes RM 100 capital invested by every shareholder at the beginning of the business. By dividing the remaining money after deduction, each shareholder would find themselves receiving an extra RM 98.27.

6.8 Balance Sheet

Balance Sheet of Business Plan

At the start of the business (22 March 2021), the initial capital share is RM 300.00. There is no liability such as a loan.

At the end of 9 weeks’ business (22 June 2021), the cash on hand increased to RM 1982.71, as well as the owner’s equity. The firm’s net worth is RM 1982.71, done by subtracting liabilities from assets.

6.9 Financial Analysis

Financial Analysis Chart of Business Plan Example

Business Plan Example- Weighted Contribution Margin

BambooS Sdn Bhd has a net profit margin of 61.42%. BambooS Sdn Bhd also has a break-even point of RM 126.50. Sales passing this break-even point means that BambooS Sdn Bhd can start making profits.

Set 1 has a break-even point at RM 11.90 and set 2 have it at RM 23.72. The break-even point for set 3 is RM 55.34, while set 4 has a break-even point of RM 35.58.

The return-on-investment value for the business is 0.9827 or 98.27%. This means for every RM 1 capital invested in the business, the shareholders can get back RM 0.98 as profit.

7.0 Conclusion

 Based on the business plan or business proposal example that we have made, BambooS Sdn. Bhd. will give us profitable returns. The assumptions we made for these three months are conservative as we know that our company is still in the beginning, and the marketing and promotion are still in the early phase. The company sets systematic planning to reach the target. Thus, BambooS Sdn. Bhd. are very confident that our company will be able to grow in the future and become the most popular brand in the world.

We will always ensure that everyone in the company cooperates well in order to achieve the company’s target profit. We hope that BambooS Sdn Bhd. will be the best company that produces environmentally friendly straws for the customer of UPM students and staff and maybe all over the world.

Problem Faced and Solutions in Business

Every business will need to face many obstacles to sustain the industry’s success. As a new business, we also must face many things to achieve our company’s goal.

First of all, before we successfully finalized the product we would sell, everyone gave their opinions and ideas. This leads to 10 different products and services on the list. So we need to vote for the best one. We had faced a healthy argument on choosing the best product for the company. After brainstorming for a week, we finally came out with the idea of producing an eco-friendly product. We centralized the environmental issues and finally decided to produce and sell bamboo straw.

Moreover, we also have to face a conflict in choosing the supplier for our business. We need to find the best supplier that offers the most reasonable price for us to produce the bamboo straw. The cost must be tele with our starting capital. To solve this, everyone has done their research on all the possible suppliers until we find the best one to choose.

Finally, the issue of the COVID-19 pandemic is also making our job harder. We cannot go outside to search for the supplier and also cannot meet up with each other. So, to solve the problem, we decided to use the online platform to reach our suppliers and customers. We also keep in touch with the company members via Whatsapp and google meet.

Based on all the problems and solutions, we can see that we are managing to face every obstacle in our business journey if we cooperate well. Besides, the company’s goals and objectives make us stay motivated and committed to doing our jobs.

To avoid extreme market competitors, our team chose a blue ocean strategy to create a new market to achieve competitive advantages.

Business Proposal Examples For Students PDF

A business proposal is a short business plan that persuades other organizations to buy products. The business plan describes the organization elaborately. However, a business proposal includes an executive summary, problem statements, product, finance, and solution. The example of a business plan for students certainly guides others to write business proposal assignments for students. Students might learn how to write a simple business plan and proposal.

Additionally, the business plan example educates employees to make a professional business proposal for the stakeholders. It is also a perfect example of a business plan for eco-friendly products. Therefore, this business plan instructs students to write a green business plan sample.

The Importance of a Business Plan

Firstly business plan validates the feasibility of profit from the business.  It is written evidence to test the business idea’s profitability. A business plan also assists stakeholders and employees in evaluating the business idea and working accordingly. It also assists the management team in adequately managing and conducting business activities. A business plan shows entrepreneurs the way to start up a new business.

A business plan is crucial to collaborate with stakeholders and get a bank load. The bank authority evaluates business feasibility through the business proposal.

The business plan is crucial for the start-up business and new programs or business plans under the company. For example, a TV program plan is compulsory to get permission to telecast a new program on Television. The authority analyzes the program’s feasibility through the written plan.

A business plan is significant for students who want to become entrepreneurs. It shows the way for entrepreneurs to start a new business.