If you want to compare apples to apples, compare garuda to Batik. Batik is a full service airline, and it has a top-notch business class that includes privately run lounges. I fly them constantly, because the product is solid and comfortable, and the prices are often a fraction of Garuda’s. Finally, Garuda’s pull back in scheudling make many connections ridiculous.

BUSINESS PLAN

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Cover the right details

Once you understand this, you need to research their strengths and weaknesses and use this information to assess potential opportunities and threats to your business. Although the executive summary is the first section of the plan, it is a good idea to write it last – after the other parts of the plan have been finalized. They came across Sequoia’s guide for how to write a business plan and the rest is history. The operating budget shows the expected revenues and costs over a certain period. With the cash flow budget, you can see whether you have enough money to meet your payment obligations at any time. If you are unable to write a business plan, you have various options for calling in help.

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  • The big problem with business plans is that entrepreneurs often get bogged down in them.
  • Using puzzle pieces of different colors as a visual motif, every slide provides a stylish way of presenting information while keeping things visually interesting….
  • Business planning also forces business owners to evaluate their marketing strategy, the cost of customer acquisition and retention, and how they plan to grow their business over time.
  • Reference this sample as you develop your own business plan.

Delay hiring key managers until initial rounds of experimentation have produced a stable business model. Gather all the data you can on the feasibility and the specifics of your business concept. The Getting Your Team in Place session of our Business Expansion course provides detailed recommendations on delegating authority, employee motivation, training and other key management tools. Avoid language or explanations that are difficult to understand.