In addition, other essential areas such as human resources, financial, operational and risk analysis were incomprehensively dealt with, which if The Cordwainer not being a viable business venture, will certainly fail to attract any investment from external sources; however, in today’s competitive business environment where there is little assurance of gaining investments, there is a need “for businesses to continuously plan ahead to avoid failure” (Greenbank, 2000).

Although the business plan is for an existing business, it will provide the necessary knowledge of knowing how to develop one, furthermore it will meet the current objective of developing a business plan for The Cordwainer. However, the knowledge gained can always be applied to any future need to develop a business plan for any individual business venture, moreover, a valuable insight into how a business operates will be gained as well from this study.

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