Business Plan Evaluation Essay Example | Topics and Well Written Essays - 500 words

Business Plan Evaluation - Essay Example Cash flow would enable the business to determine the amount of money needed to keep the business going. To strengthen the weakest link identified, methods of control should be integrated in the business plan. For example, there should be a policy control that allocated expenditures should not go over beyond 5% of the budget. Income statement should also be included as well as the initial capital outlay so the business would know how much it would compensate before it consider itself profitable. These solutions are chosen because they would strengthen the business plan and achieve the best possible outcome. They are critical for the success of the business and ensure that results would go as plan as stated in the business plan. For example, instituting control avoid costs to overshoot could make the business inefficient and less competitive if neglected. Incorporating more financial statements such as project Income Statement would enable the company to determine if its performance is consistent to the business plan or if it is underperforming. Cash flow is critical for start-up businesses such Loco Loco Dance Club because it prevents the operation of the business to run out of cash which could make stop its