Business Planning: A Practical Guide

Sorin Dumitrascu's "Business Planning: Preparing a Business Plan. Performing Key Analyses. Preparing for Implementation." is a comprehensive guide that provides a step-by-step process to prepare a successful business plan. The book emphasizes the importance of business plans and how they help to focus on business development, create a framework for business strategies, act as a benchmark, and give influence over the direction of the business. The book also highlights the differences between strategic plans and business plans. The author details the four main elements that should feature in a business plan i.e., opportunity, solution, plan execution, and desired outcomes. Moreover, the book provides excellent insights into preparation, which includes discussing, thinking, researching, and analyzing business ideas, and the six critical steps involved in developing the plan. The book also discusses the importance of performing situational analyses, both internal and external, to help inform the plan's direction, identify resources and capabilities, explore potential issues and business environment factors, including political, economic, societal, and technological factors, and develop contingency plans to manage unexpected changes in the marketplace. The book concludes with a discussion on how to prepare for the implementation of the business plan. The author provides a number of useful steps, including developing action plans, ensuring that the organization can support the plan, creating a reporting system to monitor progress, controlling and modifying the plan, and assessing outcomes. Overall, "Business Planning: Preparing a Business Plan. Performing Key Analyses. Preparing for Implementation" is an excellent resource for any entrepreneur, start-up, or established business looking to create a successful business plan. The book is easy to read, informative, and provides a wealth of practical information, insights, and tips to help develop effective business plans.