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Making a Risk Management Plan for Your Business
It’s impossible to eliminate all business risk. Therefore, it’s essential for having a plan for its management. You’ll be developing one covering compliance, environmental, financial, operational and reputation risk management. These guidelines are for making a risk management plan for your business.
Developing Your Executive Summary
When you start the risk management plan with an executive summary, you’re breaking apart what it will be compromised of into easy to understand chunks. Even though this summary is the project’s high-level overview, the goal is describing the risk management plan’s approach and scope. In doing so, you’re informing all stakeholders regarding what to expect when they’re reviewing these plans so that they can set their expectations appropriately.
Who Are the Stakeholders and What Potential Problems Need Identifying?
During this phase of making the risk management plan, you’re going to need to have a team meeting. Every member of the team must be vocal regarding what they believe could be potential problems or risks. Stakeholders should also be involved in this meeting as well to help you collect ideas regarding what could become a potential risk. All who are participating should look at past projects, what went wrong, what is going wrong in current projects and what everyone hopes to achieve from what they learned from these experiences. During this session, you’ll be creating a sample risk management plan that begins to outline risk management standards and risk management strategies.
Evaluate the Potential Risks Identified
A myriad of internal and external sources can pose as risks including commercial, management and technical, for example. When you’re identifying what these potential risks are and have your list complete, the next step is organizing it according to importance and likelihood. Categorize each risk according to how it could impact your project. For example, does the risk threaten to throw off timelines or budgets? Using a risk breakdown structure is an effective way to help ensure all potential risks are effectively categorized and considered. Use of this risk management plan template keeps everything organized and paints a clear picture of everything you’re identifying.
Assign Ownership and Create Responses
It’s essential to ensure a team member is overseeing each potential risk. That way, they can jump into action should an issue occur. Those who are assigned a risk, as well as the project manager, should work as a team to develop responses before problems arise. That way, if there are issues, the person overseeing the risk can refer to the response that was predetermined.
Have a System for Monitoring
Having effective risk management companies plans includes having a system for monitoring. It’s not wise to develop a security risk management or compliance risk management plan, for example, without having a system for monitoring. What this means is there’s a system for monitoring in place to ensure risk doesn’t occur until the project is finished. In doing so, you’re ensuring no new risks will potentially surface. If one does, like during the IT risk management process, for example, your team will know how to react.
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Writing a Business Plan

While it may be tempting to put off, creating a business plan is an essential part of starting your own business. Plans and proposals should be put in a clear format making it easy for potential investors to understand. Because every company has a different goal and product or service to offer, there are business plan templates readily available to help you get on the right track. Many of these templates can be adapted for any company. In general, a business plan writing guide will recommend that the following sections be incorporated into your plan.
Executive Summary
The executive summary is the first section that business plans open with, but is often the last section to actually be written as it’s the most difficult to write. The executive summary is a summary of the overall plan that highlights the key points and gives the reader an idea of what lies ahead in the document. It should include areas such as the business opportunity, target market, marketing and sales strategy, competition, the summary of the financial plan, staff members and a summary of how the plan will be implemented. This section needs to be extremely clear, concise and engaging as you don’t want the reader to push your hard work aside.
Company Description
The company description follows the executive summary and should cover all the details about the company itself. For example, if you are writing a business plan for an internet café, you would want to include the name of the company, where the café would be located, who the main team members involved are and why, how large the company is, who the target market for the internet cafe is, what type of business structure the café is, such as LLC, sole proprietorship, partnership, or corporation, what the internet café business mission and vision statements are, and what the business’s short-term objectives are.
Services and Products
This is the exciting part of the plan where you get to explain what new and improved services or products you are offering. On top of describing the product or service itself, include in the plan what is currently in the market in this area, what problems there are in this area and how your product is the solution. For example, in a business plan for a food truck, perhaps there are numerous other food trucks in the area, but they are all fast –food style and unhealthy so, you want to introduce fast food that serves only organic and fresh ingredients every day. This is where you can also list your price points and future products or services you anticipate.
Market Analysis
The market analysis section will take time to write and research as a lot of effort and research need to go into it. Here is where you have the opportunity to describe what trends are showing up, what the growth rate in this sector looks like, what the current size of this industry is and who your target audience is. A cleaning business plan, for example, may include how this sector has been growing by 10% every year due to an increase in large businesses being built in the city.
Organization and Management
Marketing and sales are the part of the business plan where you explain how you will attract and retain clients. How are you reaching your target customers and what incentives do you offer that will keep them coming back? For a dry cleaner business plan, perhaps if they refer customers, they will get 10% off their next visit. In addition, you may want to explain what needs to be done in order for the business to be profitable. This is a great way of showing that you are conscious about what clear steps need to be taken to make a business successful.
Financial Projections & Appendix
The financial business plan section can be a tricky one to write as it is based on projections. Usually what is included is the short-term projection, which is a year broken down by month and should include start-up permits, equipment, and licenses that are required. This is followed by a three-year projection broken down by year and many often write a five-year projection, but this does not need to be included in the business plan.
The appendix is the last section and contains all the supporting documents and/or required material. This often includes resumes of those involved in the company, letters of reference, product pictures and credit histories. Keep in mind that your business plan is always in development and should be adjusted regularly as your business grows and changes.
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Vodafone Idea announces new postpaid plans for corporate users

Vi Business, the enterprise arm of Vodafone Idea Limited, has announced its latest range of new postpaid plans for its corporate customers. The upgraded plans will come with a range of exclusive benefits. The company says that these Vi Business Plus plans will enable allow corporate customers to strike the desired balance between business objectives and employee preferences. Let us have a look at the plans.
Vi Business: Postpaid plans for Corporate customers
The Rs 299 plan comes with 30GB of data, unlimited voice calls, and 3000 SMS per month. The plan also offers Mobile security, Vi Movies & TV Classic, and Profile Tunes via Vi Caller Tunes.
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The Rs 349 plan offers 40GB of internet data, unlimited voice calls, and 3000 SMS per month. You will also get Mobile security, Location Tracking Solution, Vi Movies & TV VIP, and Profile Tunes via Vi Caller Tunes with the plan.
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Finally, the Rs 499 plan offers 100GB of internet data, unlimited voice calls, and 3000 SMS per month. The plan also comes with Mobile security, Location Tracking Solution, Vi Movies & TV VIP, Profile Tunes via Vi Caller Tunes, and a one-year subscription to Disney+ Hotstar VIP.
Vi Postpaid plans with Amazon Prime membership
Vodafone-Idea (Vi) offers a Rs 499 postpaid plan which offers 75GB total data. You also get 100 SMS per day and one year of access to Disney+ Hotstar VIP. You get one year’s worth of Amazon Prime membership with this plan.
Vi has a Rs 699 postpaid plan which offers unlimited data, unlimited voice calling, and 100 SMS per day. You get 1 year’s worth of Amazon Prime membership with this plan and one year of access to Disney+ Hotstar VIP.

Additionally, Vi offers a Rs 1099 postpaid plan which offers unlimited data, unlimited voice calling on all networks, and 100 SMS per day. You get one year’s worth of Amazon Prime membership, Netflix, and Disney+ Hotstar VIP with the plan.
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Vodafone Idea launches new postpaid plans for corporate customers
"keeping this in mind, vi business - the enterprise arm of vil, today announced a range of new postpaid plans for its corporate customers. the upgraded plans will be bundled with range of exclusive benefits," the company said in a statement.
- Updated Jul 26, 2021, 8:07 PM IST

The enterprise arm of Vodafone Idea (VIL), Vi Business, on Monday announced a range of new postpaid plans for corporate customers and said upgraded plans would be bundled with various benefits. With 'Work from Home', 'Learn from Home', and 'Entertainment from Home' emerging as the "new way of living" amid the pandemic-induced social distancing norms, customers too have evolved with their needs and requirement of high-speed data.
"Keeping this in mind, Vi Business - the enterprise arm of VIL, today announced a range of new postpaid plans for its corporate customers. The upgraded plans will be bundled with range of exclusive benefits," the company said in a statement.
Vi 'Business Plus' plans would enable corporate customers to strike the right balance between business objectives and employee preferences in an increasingly hybrid working environment.
The plans include Rs 299 (30GB data quota), Rs 349 (40GB data quota), Rs 399 (60 GB data quota), Rs 499 (100GB data quota).
"Existing Vi Business Corporate customers will be upgraded to the new Business Plus Plans, as applicable, from their subsequent billing cycles," the statement added.
The benefits of upgraded plans listed out by the company include mobile security, Vi Movies and TV and Disney+ Hotstar VIP, and unique profile tunes via Vi Caller Tunes.
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Vodafone Idea business NEW postpaid plans: Check LATEST Rs 299, Rs 349, Rs 399, and Rs 499 offers from Vi
Vi Business Plus plans will enable corporate customers to strike the right balance between business objectives and employee preferences as in this increasingly hybrid working world, the company said.

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Vodafone-idea (Vi) business postpaid plans: In a bid to give some competition in the market, the telecom major Vodafone-idea (Vi) a range of new postpaid plans for its Corporate customers. The upgraded plans will be bundled with a range of exclusive benefits.
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According to the company, Vi Corporate customers can now choose from a wide range of plans with bundled benefits. Existing Vi Business Corporate customers will be upgraded to the new Business Plus Plans, as applicable, from their subsequent billing cycles.
Vodafone-idea Business Plus Plan
Vi Rs 299 Plan: In Rs 299 plan, users will get 30 GB of data. The postpaid pack comes with 3,000 SMS per month. It also offers unlimited voice calls on all networks. It also includes Vi Business Plus Benefits - Mobile security, Vi Movies & TV Classic, Profile Tunes via Vi Caller Tunes.
Vi Rs 349 Plan: In Rs 349 plan, users will get 40 GB of data. The postpaid pack comes with 3,000 SMS per month. It also offers unlimited voice calls on all networks. It also includes Vi Business Plus Benefits - Mobile security, Location Tracking Solution, Vi Movies & TV VIP, Profile Tunes via Vi Caller Tunes.
Vi Rs 399 Plan: In Rs 399 plan, users will get 60 GB of data. The postpaid pack comes with 3,000 SMS per month. It also offers unlimited voice calls on all networks. It also includes Vi Business Plus Benefits - Mobile security, Location Tracking Solution, Vi Movies & TV VIP, Profile Tunes via Vi Caller Tunes.
Vi Rs 499 Plan: In Rs 499 plan, users will get 100 GB of data. The postpaid pack comes with 3,000 SMS per month. It also offers unlimited voice calls on all networks. It also includes Vi Business Plus Benefits - Mobile security, Location Tracking Solution, Vi Movies & TV VIP, Profile Tunes via Vi Caller Tunes, Disney+ Hotstar VIP (1 year).
.The upgraded plans offer the following benefits: Mobile security, no matter wherever one access, Employee safety by getting real-time updates on the location of field staff through Location tracking Solutions, Endless entertainment with Vi Movies & TV and Disney+ Hotstar VIP (1 year), Unique Profile Tunes via Vi Caller Tunes, where one can set pre-recorded messages when out of office, on vacation, in a meeting, attending training and more
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Vi introduces business plus postpaid plans starting from rs 299, vi has officially announced business plus postpaid plans from rs 299 for businesses and working professionals..

- Vi on Thursday officially introduced business postpaid plus plans that will start from Rs 299.
- These plans are designs for businesses, startups and working professionals.
- Apart from data and calling, Vi Business postpaid plus plans give mobile security, location tracking, data pooling and entertainment.
By India Today Tech : Vi Business, the enterprise arm of Vodafone Idea, on Thursday announced a wide range of postpaid plans designed for businesses and working professionals. Vi notes that its Business postpaid plans will enable today’s mobile workforce to connect, communicate, collaborate and do a lot more with their postpaid plans starting at Rs 299. Vi Business Plans offer an array of value added benefits such as mobile security, location tracking, data pooling and entertainment apart from the regular voice and data.
Vi notes that mobile security ensures protection against lost devices, viruses, spyware, dangerous websites, malicious apps and fake websites, etc. location tracking is a powerful resource-tracking system that enables enterprises to monitor their field resources for safety & security in today’s high-risk environment and data pooling feature helps control data overages by providing a data pool for the corporate account.
Vi Business Plus aims to enable enterprises, small businesses, and their workforce more flexibility to connect in an efficient and secure manner, no matter where they operate from. The latest post-paid offering from Vi Business comes at a time when businesses - particularly SMEs and Start-ups - are adapting to hybrid ways of working and are looking for connectivity solutions that are affordable, convenient and secure.
Abhijit Kishore, Chief Enterprise Business Officer, Vodafone Idea Limited, said, “Vi Business is focused at enabling digital transformation for enterprises, SMEs and start-ups. Flexible, secure and convenient mobility solutions have become a need of the hour for organisations and entrepreneurs alike. Vi Business Plus, our industry leading mobility solution, addresses the genuine business concerns of data security, employee safety & wellbeing. Striking a fine balance between business objectives and employee mobility needs, Vi Business Plus provides a seamless digital experience of connecting, communicating and collaborating for today’s hybrid workplaces.”
For regular users, Vi offers some of the postpaid plans starting from Rs 30. This plan gives international calling benefit to the US and Canada at 50 paise per minute, China and Hong Kong for Rs two per minute and Bangladesh and UK for Rs 3 per minute and calls to Australia, Bhutan, Germany, Kuwait, Malaysia, New Zealand, Pakistan, Singapore, Thailand at Rs 5 per minute. Two more postpaid plans offer only data and are priced at Rs 100 and Rs 200 that give 20GB and 50GB data respectively for 30 days. The other postpaid plans are priced at Rs 399, Rs 499, Rs 699 and Rs 1099 for individual users.

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Vil lines up new postpaid plans for corporate users, "keeping this in mind, vi business - the enterprise arm of vil, today announced a range of new postpaid plans for its corporate customers. the upgraded plans will be bundled with range of exclusive benefits," the company said in a statement..
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Preparing a financial plan for your business is important if you plan to pursue business finance options such as loans, according to Inc. Business finance companies look at the short-term viability as well as the long-term potential of a bu...
It’s impossible to eliminate all business risk. Therefore, it’s essential for having a plan for its management. You’ll be developing one covering compliance, environmental, financial, operational and reputation risk management.
While it may be tempting to put off, creating a business plan is an essential part of starting your own business. Plans and proposals should be put in a clear format making it easy for potential investors to understand.
Vi™ Business Provides Best Corporate Postpaid Plans for professionals and business. Stay connected with your customers and colleagues with our wide range of
Vi™ Business Plus plans provide you Google Workspace plans, mobile security, live location tracking, and more postpaid plans that give you and your
New Vi Business plans start from Rs 299.These plans offer unlimited voice calling and come with up to 100GB internet data.The upgraded plans
Vodafone-Idea (Vi) offers a Rs 499 postpaid plan which offers 75GB total data. You also get 100 SMS per day and one year of access to Disney+
Vodafone Business Plans · Individual Plans. Enjoy a worry-free experience including monthly minutes, SMS, Internet and free services. Plus, exclusive benefits
The plans include Rs 299 (30GB data quota), Rs 349 (40GB data quota), Rs 399 (60 GB data quota), Rs 499 (100GB data quota). SPOTLIGHT.
Vodafone Idea or Vi on Monday announced new enterprise postpaid plans for business customers. The telco notes that there has been a surge in
Vodafone Idea business NEW postpaid plans: Check LATEST Rs 299, Rs 349, Rs 399, and Rs 499 offers from Vi ... Vi Business Plus plans will enable
Vi on Thursday officially introduced business postpaid plus plans that will start from Rs 299. · These plans are designs for businesses, startups
Vodafone Postpaid plans to combine the benefits through services like data pooling, special international calling, seamless connectivity, and
Vi 'Business Plus' plans would enable corporate customers to strike the right balance between business objectives and employee preferences in an