Does Business plan always have a positive impact on the growth of business

[kayode10]

A business plan gives direction and helps to create a better future for a company. A bad business plan we have some adverse effects on the company. the company will like direction to grow into the better future.

 

[Kaffyfolla]

Owners with a business plan see growth 30% faster than those without one, and 71% of the fast-growing companies have business plans.

 

[Shigobad20201]

In the view of having a successful business outcome , having a business plan is very important and a business plan plays a vital role in the successful of a business ,

Of course any starting business without a plan is already on the way to failure. you must have a plan in other to succeed in business

 

[Grandeur]

A business plan would explain any question one might have about the business like what product is being produced, the method of production, board members, revenue generation etc which is why your uncle asked of it to know more about it.

 

[Heatman]

Of course, the business plan is important since from there you can have the projection of when you can recover the investment

Everything about your business is centred on your business plan which makes it a core aspect of your business because without the plan your business will always be operating in a way that it is going to be out of form.

 

[jay]

Of course any starting business without a plan is already on the way to failure. you must have a plan in other to succeed in business

The business plans actually there to guide you on how to actually run your business on day-to-day activities in order for you to ensure that you keep on making profit from your business.

 

[kayode10]

Business plan helps to give direction to the business and contributes to the positive growth. Business plan helps to convince the investors to put money into the business since it shows a definite plan of action and direction with which the business is going.

 

[Shigobad20201]

Business plan are already designed and laid down plan which must be followed in order to have a succesful business outcome , so business plan contribute to the succes of a business.

Business plan helps to give direction to the business and contributes to the positive growth. Business plan helps to convince the investors to put money into the business since it shows a definite plan of action and direction with which the business is going.

 

[kayode10]

Majority of the new entrepreneur don't see the need to write business plan. but they failed to realise that if you don't have a proper plan for your business or any project, you might not be able to achieve something significant over a long time.

 

[tyrim88]

A business plan would explain any question one might have about the business like what product is being produced, the method of production, board members, revenue generation etc which is why your uncle asked of it to know more about it.

That is definitelly the essence of a business plan,because it will go a long way to tell someone how you are thinking,it also exposes the detailed aspect of the business and shows how profit can be generated as well.

 

[Ononivami1]

The business plan is like a fuel that makes the car move. A business without a business plan will definitely collapse in no time . Your business plan is very important.

 

[Shigobad20201]

The growth of your business will be determined by the foundation you laid for the business , and. If your business plan is perfect from the beginning , all you have to do is keep building on the foundation.

 

[Syldan]

Business plans always has a significant impact on the growth of the business. Because most often when you have a very good and a positive plan, it will helped to build and promote your business based on the rules you have set for the business.

 

[Setho]

The business plan is not a deciding factor in any way if a business is going to be successful or not. The only thing that it is going to give you an advantage is that you are likely to get investors that are willing to invest in your business on time.

 

[Shigobad20201]

The business plan is the driving factor of a business and also the pillar of the business , its the business plan and your consistency that will determine the longevity of your business

 

[Sincerem]

There are numerous benefits of having a business plan before establishing a business . Sometimes a business plan will give you an already information about the business you are establishing and any possible challenge you are likely to face along the way.

 

[Setho]

Your business plan doesn't have anything directly to affect the growth of business. It is just going to help you to organise things better and help you to convince investors.

 

[Ezekiel]

Definitely yes, a successful business should have a business plan, because it aid and gives instructions on the operation of the business

 

[tyrim88]

I told my uncle to help me with some substantial amount of money to set up a little Business in my area then he asked for the business plan and said without that nothing will come from him. Now I'm wondering if designing a business plan means a lot to the success of a business

That is one of the things that will show that you are actually serious,it will sreve as a guide and a template for the set goals you have set to accomplish in the busines,it shows in details the baground,market and the problems you are about to solve.

 

[joy101]

Of course any starting business without a plan is already on the way to failure. you must have a plan in other to succeed in business

Yes of course, it has when starting up a business, business planning is very important because it's help the business to grow and also help the business to become successful one, that is why is really good to have a business planning before going into business.