Sanjana graduated from National Institute of Fashion Studies and wants to start her own boutique. She wants to understand the feasibilities and viability of the proposed venture. This will also facilitate her in assessing and making provisions for the bottlenecks in the progress and implementation of the idea. She also wants to know about the success of the project along with the risk factors involved. Identify the document which is required by Sanjana on the basis of the above para.

Assessment of risk Business plan    Appendix Strategic plan

Business plan

A business plan is a comprehensive project report which not only encompasses the entire range of activities which are being planned in the business, but also: a) helps to understand the feasibility and viability of the proposed venture, b) facilitates in assessing and making provisions for the bottlenecks in the progress and implementation of the idea, c) discusses the potential for success of the project along with the risk factors involved.