Business Plan is a systematic evaluation of the business goals, the reasons behind attaining them and tailoring a plan to reach up to them. The reason for the failure of many businesses is that they don't start with a business plan. It is essential as it helps in realizing the vision of next 2 to 5 years. So the start- up can always keep a check whether they are proceeding in the right direction. Must haves of a business plan are: Business Overview, Market Analysis, Marketing Strategy, and Financial Information. Before you start writing your business plan, you should honestly evaluate yourself and decide if your business idea has a good chance of success. Write down about how you intend to make money, what will be your business model. Start with your company description. A thorough description of the business environment and analysis of its strengths, weaknesses, opportunities and threats supports its marketing strategy. Financial information, gives the details of how the company will run the finances in the upcoming years. Read more at:  :  http://yourbusiness.azcentral.com/four-major-types-information-presented-business-plan-9328.html

Although most modern enterprises run on data, it becomes useless if we cannot derive intelligence from it. Data includes all the information that is available including raw facts about companies and individuals. Intelligence is when we look at the data and try to find a relation to better interpret challenges and opportunities in the market. Insight with data and intelligence deals in adjusting strategies in response to the market. To develop predictive models about the market, we need intelligence and insight alongside data. Raw data is often mistaken for insights. For smarter decisions, internal and external data sets should be used as starting points and then create intelligence to draw sensible insights. To know more:  http://www.smartdatacollective.com/ray-renteria/327508/data-does-not-equal-intelligence-predictive-analytics-enterprise

Many companies have a huge capacity for making money though they have a small clientele. Amazon.com Inc. (AMZN) is unusual among the largest companies in the United States ranked by market capitalization. Their profit margins are small, but their stocks are expensive. It is one of those companies which tries to do something novel and thinks of its impact on finances later on. So, the answer to the question on how Amazon makes money is simple. Revenue is only a part of profit and Amazon's most profitable endeavor to date is something blessedly low-tech - the one-price shipping of Amazon Prime. Amazon has redefined commerce for the whole world and has leveraged itself to a position of market dominance. With unparalleled convenience and receptive customer service, Amazon seems bound to continue its prosperous growth in its third decade of existence and beyond. Read more at: : http://www.investopedia.com/articles/investing/060914/how-well-all-be-amazoncom-customers-eventually.asp

Continually changing markets affect all industries; sooner or later the world will move on. Any product or service will eventually become obsolete if it is not refined to keep up with these ever-changing market demands. Staying still is not an option. A good Continuous Improvement process will deliver rapid evolution into any business. If one can improve faster than their competitors then they will be able to secure more of the market in future. The four basic requirements needed to develop a flourishing Continuous Improvement culture are stating your intention to improve, harvesting opportunity ideas i.e. initiating a continual improvement process, empowering the workforce i.e. deploying a continuous improvement culture, which is easy where the staffs are empowered to improve and measuring the improvement culture by the number of identified success and celebrating the success. To know more about these four requirements go to:

http://adaptivebms.com/How_to_establish_a_Continuous_Improvement_Process/