The motive is to satisfy collective wants of the people.
Private funding
�It is marked oriented .
It is independent on political changes.
To create own profit.
It is micro economic problem.
The motive is to satisfy personal wants.
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�Public funding can help you raise large amounts of money.
It can open doors for private funders as well.
The guidelines for funding are clear and usually simple.
It is more long term and lasting in comparison with private funding.
Public funding is usually seized particularly for the organization work.
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�It requires strict accounting and audit procedures.
In this payments may be slow in coming.
It may come with lots of conditions attached.
It may be administered by a bureaucracy.
Public funding can get or run if the economy is bad.
This proposals may be extremely time-consuming.
It allows you to choose tour own investors.
It allows you
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It allows you to make a return on the investment over a longer time period.
�It provides flexibility in the amount and type of funding.
It provides a faster turnaround on raising finance.
It requires less investment of both money and time than public share flotations.
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A reduced market for the bonds or shares in your business.
��A limited number of potential investors, who may not want to invest substantial amounts individuals.
�Shares cannot be sold on the stock market.
�A lot of legal requirements when forming on company.
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Conclusion
�Public and private funding have a critical role in improving the performance of health system worldwide, by bringing together the best characteristics of public and private sectors to improve efficiency, quality, innovation and health impact of both public and private system.
Business plan is the blueprint of the step by step procedure that would be followed in order to convert business idea into successful business
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Business Plan
idea into successful business a venture. It involves the following tasks:
�Identifying business opportunities and an innovative idea.
Identifying internal strengths and weakness.
Assessing the feasibility of that idea.
Allocating resources in the best.
Researching the external environment for opportunities and threats.
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Objectives of Business Plan
To give direction to the vision of entrepreneurship
To objectively evaluate the future prospects of the business.
To monitor the progress after implementation of the plan.
To seek loans from financial institution.
To identify strengths and weaknesses present in the internal environment
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A good business plan must identify strengths and weakness internal to the business
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challenges in terms of opportunities and threats the access the viability of the business. Preparation of business plan involves the following steps :
�▪ Preliminary investigation
▪ Idea generation
▪ Environment scanning
▪ Feasibility Analysis
▪ Drawing functional plans
▪ Project report preparation
▪ Evaluation ,Review and control
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Preliminary Investigation
In order to create an effective plan an entrepreneur must...
�Review available business plans Draw key business assumptions on which plan is based.