A Business Plan defines your business, identifies your goals, and serves as a company’s resume. The basic elements include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps the company allocate scarce resources properly and functions as a road map to make good business decisions. A marketing plan should be an integral part of the business plan.

A Business plan has two facets:

• internal, as is the tool that allows you to streamline and clarify the business idea;

• external, because the business plan gives way to third parties to evaluate the economic initiative, its potential and risks associated with it.

A Business plan should be drafted clearly and briefly describe, but with completeness, the entrepreneurship: This document must convince the potential lender that they have identified a solid score that will probably not meet structural problems during the project.

The objectives of the business plan are:

• provide key information, (such as resources and economic, financial and human resources are necessary, what are the characteristics of the product and market, etc ...);

• communicate characteristics of the company, providing a basis on which to plan strategies and actions;

• explain the enterprise formula (system of product, market and organizational structure) and not only the product / service;

• stress the originality of the enterprise;

• check the interest of potential customers;

• express clearly the goals intended to meet and how to pursue them;

• ensure consistency between the individual actions indicated, and in particular between description of the activity and consequent costs of investment and management;

• define the legal form in relation to the characteristics of the enterprise;

• enable reliable forecasts by simulating different scenarios of development of the enterprise;

• serve as a "business card" to present the company externally (potential members, donors, banks, customers and suppliers).

The content of B.P. usually contains three parts:

• Part One will show the characteristics of products / services, competitive advantages, the technology of production, the strengths and weaknesses;

• Part Two describes the practical feasibility of the project to define the market outlet, the strategies and organization;

• Part Three will develop business plans, first and quantifying the financial needs.

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Tagetik 4.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, cash flow planning, statutory and management consolidation, cost allocation & profitability analysis, financial close & fast closing, dashboard & scorecarding, collaborative disclosure management, business intelligence and compliance/industry requirements.

Tagetik 4.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO).

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