reasons for generating business idea

1.to stay ahead of competition

2.to respond to changing factor and requirements

3.to respond to market needs

4.it is part of the practice of business

5.to respond to a product life cycle

6.to be in tuned with latest technology

EVALUATING A BUSINESS IDEA FOR DEVELOPING AN ENTERPRISE
The assessment on how to develop an enterprise or a firm is a function of the business plan .

BUSINESS PLAN
Is a document that shows what an organization does,how it is done,by whom it is done and the purpose of doing.

STAGES OF A BUSINESS PLAN
1.introduction

2.the market/industry analysis

3.product/service quality

4.manufacturing/technical processes

5.market stragedy

6.management plan

7.financial data

8.implementation schedule of planned activities of production

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