The Role of Business Planning in the Sustainable Development of Small Business

Valentina Klimova, Alexandra Klimova, Svetlana Chekuldova

2021

Abstract

In this article the problems hindered the development of small business at the present time are highlighted. The necessity of expanding the practice of planning the activities of entrepreneurial structures at the stage of their creation and functioning is substantiated. A necessary condition for business communication and a standard form of information transfer is a business plan that helps an entrepreneur to understand the prospects and possible problems of production development with optimal results. Some researchers criticize business planning, citing entrepreneurial intuition, which is more responsive to change than the process of developing a plan. The authors consider a business plan as a system for the effective use of material and financial resources, which are limited in small businesses and believe that business planning is mandatory, especially with new beginnings, identify problems associated with the development of business plans in small businesses.

Paper Citation

in Harvard Style

Klimova V., Klimova A. and Chekuldova S. (2021). The Role of Business Planning in the Sustainable Development of Small Business. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 167-171. DOI: 10.5220/0010587701670171

in Bibtex Style

@conference{issdri21,
author={Valentina Klimova and Alexandra Klimova and Svetlana Chekuldova},
title={The Role of Business Planning in the Sustainable Development of Small Business},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={167-171},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010587701670171},
isbn={978-989-758-519-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - The Role of Business Planning in the Sustainable Development of Small Business
SN - 978-989-758-519-7
AU - Klimova V.
AU - Klimova A.
AU - Chekuldova S.
PY - 2021
SP - 167
EP - 171
DO - 10.5220/0010587701670171