{"id":9,"date":"2014-09-18T18:55:01","date_gmt":"2014-09-19T01:55:01","guid":{"rendered":"https:\/\/blogs.ubc.ca\/kushal\/?p=9"},"modified":"2014-09-18T18:55:01","modified_gmt":"2014-09-19T01:55:01","slug":"business-plan-the-framework-for-a-successful-business","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/kushal\/2014\/09\/18\/business-plan-the-framework-for-a-successful-business\/","title":{"rendered":"Business Plan &#8211; The framework for a successful business"},"content":{"rendered":"<p>It takes a tremendous amount of planning for a business to get from just an idea to a profitable company. Essential to this process is the formulation of a business plan.<\/p>\n<p>A business plan will form the framework for your business. It allows you to consider all the various aspects of putting a business together in one legible document.<\/p>\n<p>A strong model of your business should ideally include the <a href=\"https:\/\/blogs.ubc.ca\/courseblogcl_ubc_comm_101_101_2014w1_44739-cl_ubc_comm_101_101_2014w1_44739_2045960_1\/files\/2014\/04\/businessmodelgeneration_preview.pdf\">9 Key Building Blocks<\/a>:<\/p>\n<ol>\n<li>Customer Segments<\/li>\n<li>Value Propositions<\/li>\n<li>Channels<\/li>\n<li>Customer Relations<\/li>\n<li>Revenue Streams<\/li>\n<li>Key Resources<\/li>\n<li>Key Activities<\/li>\n<li>Key Partnerships<\/li>\n<li>Cost Structure<\/li>\n<\/ol>\n<p>If all these building blocks have been properly formulated, the business model becomes a powerful template to build your business from.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It takes a tremendous amount of planning for a business to get from just an idea to a profitable company. Essential to this process is the formulation of a business plan. A business plan will form the framework for your business. It allows you to consider all the various aspects of putting a business together [&hellip;]<\/p>\n","protected":false},"author":26268,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/posts\/9","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/users\/26268"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/comments?post=9"}],"version-history":[{"count":1,"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/posts\/9\/revisions"}],"predecessor-version":[{"id":10,"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/posts\/9\/revisions\/10"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/media?parent=9"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/categories?post=9"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/kushal\/wp-json\/wp\/v2\/tags?post=9"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}