Why business owners prepare a profit plan?

Discussion in 'Growing and Managing a Business' started by businessampm.com, Mar 27, 2014.

  1. businessampm.com

    businessampm.com
    uix_expand uix_collapse
    Member

    Joined:
    Sep 25, 2013
    Messages:
    92
    Likes Received:
    14
    My own point of view 5 reason business owners prepare a profit plan. Such as...

    1. Establish profit goal for the period

    2. Determine planned volume of sales

    3. Determine estimated profit based on plans reached

    4. Determine how profits vary with changes in sales volume

    5. Analyze his alternatives from a profit standpoint
     

Share This Page