Business Plan - is it necessary?

[Nova]

A lot of people start their business without following the bookish instructions. And some of the time they are successful with it. You can see that people need to make use of the business plan. And some of the time following that approach helps them stay focused. And they can improve their business by finding out what went wrong with it.

Do you think business plan is necessary?

 

[Nurudeen]

Yes Business plan is necessary for the growth of your business. With Business plan, you will be able to know how to structure your business and what your business needs whenever it gets to a certain stage

 

[Presido]

Business plan is very necessary because if you fail to plan before starting a business, then you'll surely fail in that kind of business

 

[WhiteHouse]

Absolutely necessary.
1. To prove that you’re serious about your business. A formal business plan is necessary to show all interested parties -- employees, investors, partners and yourself -- that you are committed to building the business.

2. To establish business milestones. The business plan should clearly lay out the long-term milestones that are most important to the success of your business.

 

[kharvest19]

there is a saying that goes that when you fail to plan you plan to fail
i believe in planing, good planning brings about desired result
yes it is necessary

 

[MizzLala]

A business plan is essential to help you focus and not deviate too far from the plan. This way, it helps you achieve your short and long-term objectives. Some people are lucky to succeed without one but I'm the methodical type, so, I much prefer to have a business plan.

 

[Kamon c4]

Starting a business without a business plan is like starting a building without a foundation. In order to a continuous and successful business you need a good plan

 

[GeneBiz]

A lot of people start their business without following the bookish instructions. And some of the time they are successful with it. You can see that people need to make use of the business plan. And some of the time following that approach helps them stay focused. And they can improve their business by finding out what went wrong with it.

Do you think business plan is necessary?

I consider that it is not only necessary, but also mandatory ... without a plan, without a good strategy, without well-defined objectives, the business is destined to fail

 

[Josemendez]

Business plan is not just necessary but very essential and effective. It helps to direct one on how to achieve success in the business.

 

[chalcedony8]

The first thing a person needs before setting up a business is a business plan. it a necessity and d most important thing thing for a successful business

 

[Doncy]

Every business needs a plan and strategy, that why it said he who fails to plan is ready to fail

 

[Abigael]

Yes, a business plan is very essential. It guides you on exactly what you want to do, it defines your target market and guides how you use your funds in a way that you will not waste or go bankrupt easily. With a good business plan, your chances of being successful are so high.

 

[Lagazine]

Yeah. It's very necessary. Whenever I heard of business plan, it makes me feel the owner know what he's doing.

 

[Peterlight]

Business plan can sometimes go the opposite way expecially if not written down and properly well thought through

 

[Zihann]

Business plans are like road maps it gives you the ability to reach your goal and track progress too. it helps you from the unwanted mistake.

 

[Sariana23]

I think that if, the business plan is necessary since this is how you are projected, everything has more certainty and fluidity. more possibilities to correct errors and add positive points, in this way generate more profits

 

[Ehizzy1]

Yeah its really necessary most especially for people who are in need of how to manage their business properly then they could go for business plans

 

[Goodstuff]

It's advisable not to go into any business without proper understanding of the business.if you fail to plan then you are planning to fail.

 

[Shayo]

We were taught the importance of 5Ps in school Proper Planning Prevents Poor Performance. This rule applies to every aspect of life especially in business. A good and proper business plan prevents poor performance in the business. Most businesses crumble within the first or second year of establishment because the owners didn't plan ahead.

 

[Golden_ear]

It is necessary for someone to do business plan. It guide one on what to do at every particular period of time of one's business