Best regards teacher and classmates:

From your point of view, do you think the business plan can contribute to PYMES competitiveness
at a long term?

The business plan can contribute to the competitiveness of SMEs in the long term. As indicated by
Entrepreneur. (s.f.), the business plan includes a competitive analysis, which is a statement of the
business strategy and how it relates to the competition. Through this competitive analysis, SMEs
can determine the strengths and weaknesses of competitors within their market, determine the
strategies that will give them an advantage, identify the problems that can be developed to
prevent competition from entering their market and determine weaknesses The performance of a
company within a market is directly related to the possession of assets and key skills: The reasons
behind the successful and unsuccessful companies, the main motivators of the client, the costs of
the main components and the mobility barriers of the industry.

Andrés O.

Referencias:

All business.com. (s.f.). Top 10 tips for writing your business plan. Recuperado de:
http://goo.gl/DzfjEH

Businessknowhow.com. (s.f.). The e-plan-the internet entrepreneur’s treasure map. Recuperado

de: http://goo.gl/u9jMfY

Entrepreneur. (s.f.). Elements of a Business plan. Recuperado de: http://goo.gl/rEBoV

Gaebler.com. (s.f.). Why are business plans important? Recuperado de: http://goo.gl/mKJN09

My own business Institute. (s.f.). What is a business plan? Recuperado de: http://goo.gl/Ztpdo

Best regards teacher and classmates:

What recommendations can you make to the Colombian entrepreneurs in order to use the
business plan in the decision making process?

For Colombian businessmen, I recommend them to carry out the business plan in the future. A
business plan allocates resources and measures the results of actions, helping entrepreneurs make
decisions and set realistic goals. Good planning allows you to be well prepared to anticipate future
decisions and actions that a business must successfully manage. Therefore, you should consider
the business plan as:

- Business Plan as Reality Check.

- Business Plan as Performance Tool.
- Business Plan as Message Sender.
- Business Plan as Motivation Tool.
- Business Plan as Management Development Tool.
 - Business Plan as Road Map.

It is recommended that the business plan includes the following factors:

- A Sound Business Concept.

- Understanding of Your Market.
- A Healthy, Growing and Stable Industry.
- Capable Management.
- Able Financial Control.
- Financial Management Skills.
- A Consistent Business Focus.
- A Mindset to Anticipate Change.

Andrés O.

Referencias:

All business.com. (s.f.). Top 10 tips for writing your business plan. Recuperado de:
http://goo.gl/DzfjEH

Businessknowhow.com. (s.f.). The e-plan-the internet entrepreneur’s treasure map. Recuperado

de: http://goo.gl/u9jMfY

Entrepreneur. (s.f.). Elements of a Business plan. Recuperado de: http://goo.gl/rEBoV

Gaebler.com. (s.f.). Why are business plans important? Recuperado de: http://goo.gl/mKJN09

My own business Institute. (s.f.). What is a business plan? Recuperado de: http://goo.gl/Ztpdo

Best regards teacher and classmates:

What aspects could be improved in the business plan in order to make it contribute in a
more complete way to the elaboration of more competitive advantages?
Personally speaking, it seems to me that the main ones that can be improved in the
business plan so that it contributes more fully to the elaboration of more competitive
advantages could be named:
- The business plan should become the roadmap that will trace the course of the
business. Therefore, it is important to review and update, according to the
conditions that can be changed after opening a business.
- Reasonable limits must be placed on future long-term projections.
 - A thorough study of the competition should be done, the strengths and
opportunities of the competition should not be underestimated, nor the strategies
to mitigate the answers and counteract the weaknesses of the competition.
- You must be realistic to the situation and make the business plan according to
reality, without being optimistic, but being moderate.
Andrés O.
Referencias:
All business.com. (s.f.). Top 10 tips for writing your business plan. Recuperado de:
http://goo.gl/DzfjEH
Businessknowhow.com. (s.f.). The e-plan-the internet entrepreneur’s treasure map.
Recuperado de: http://goo.gl/u9jMfY
Entrepreneur. (s.f.). Elements of a Business plan. Recuperado de: http://goo.gl/rEBoV
Gaebler.com. (s.f.). Why are business plans important? Recuperado de:
http://goo.gl/mKJN09
My own business Institute. (s.f.). What is a business plan? Recuperado de:
http://goo.gl/Ztpdo