In my stay at offshore Oil and Gas Production field somewhere in Persian gulf, , Finding, taking it from the deep sea isn’t easy, it requires more study, Surveys and more, and more importantly it requires a huge amount of money,
we can compare it when we are just starting a business we can start through feasibility study and make Business plan and conduct survey’s, they cannot go directly to the field if they haven’t study first where is the money is, they called it the Black Gold, what we are searching here is not a Black gold, it is prosperity in life in order to have a better future in years to come, to have a better life for our children, in same way that is what we should do, don’t go directly to the area when you didn’t know what to do, Find your target customers , that is a very simple line that we can use through, aside from that we can make a cash flow projection, this is a essential when you are planning to start a Business it sounds so hard, but it is so easy, we can make it simple, perhaps you are asking, what is Feasibility Study? What is a Business Plan? And finally what is a Cash Flow Projection?
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats presented by the environment.
While a Business plan is an essential roadmap for business success. This living, breathing document generally projects 3-5 years ahead and outlines the route a company intends to take to reach, maintain and grow revenues.
A well thought out plan also helps you to step-back and think objectively about the key elements of your business venture and informs your decision-making, A Cash Flow Projection or Cash flow forecasting or cash flow management is a key aspect of financial management of a business, planning its future cash requirements to avoid a crisis of liquidity, the best thing of it just love what you doing, that is a secret ingredients for you to succeed.
ARLCHOI'S 101 