Does starting up a business require a business plan

[abegunrinmicheal]

Yes, it is important to have a business plan before starting a business because without business plan one is room to fail, aside that for those who are having difficulty in funding to start a business, approaching any financial institutions, they will ask one to tender his/her business plan, business plan can help one to check the prospect of the business.

 

[Saraali]

I strongly believe before you start a business a business plan is required but do you think is compulsory

A good business plan make your business grow up and give you a clear picture of future if you make a plan today i can also help in future and by this work become unique and good also easy to use.

 

[Onyinye]

A business plan is needed for all businesses. You don't just wake up one day and start up something. Proper planning is needed. One need not just plan but also need to stick with the plan developed. So get yourself a biz plan

 

[Sammyesx]

Yes , it certainly does, a very good plan to a large extent influence the success of a business, a business plan helps to answer some crucial questions con the business, like amount needed to start and run the business, your target market, how to meet them, the uniquebess of your business etc.

 

[Waqarhussain]

Yes, it is possible to generate the same address twice. There is nothing in the Bitcoin protocol that enforces that an address you have in your wallet is not also generated by someone else

 

[Josephjossy]

Starting a business requires good business plan, you need to sit down and plan the business, you need to know the requirements on starting the business and you also need to plan about how to plan get customers and how to different

 

[Adam13]

It does require a business plan. A business plan is crucial and essential towards Kickstart ing a business. Planning ahead helps give you a high amount of clarity of purpose and you will know what to expect and what not to since everything has already been pre-planned. It also help you manage losses that may result from failure.

 

[Adeyoola7]

If not, now is the time to get started. Because, even if you don't think you need a formal business plan, you should go through the planning process anyway. The process will help to uncover any holes or areas you have not thought through well enough.

 

[sam386150]

Starting up a business is not an easy task so without making a serious plan that means you are about the put your money into a financial risk, the business plan is very necessary and also it is the success of a business despite the level of that business.

 

[Cissé]

Business plan is one of the most important thing when setting up a business, business plan always come first when setting up a business a business that doesn't have plan will surely ruin you plan how you want to do your business how you want to manage it and how to make awareness to people such a business will surely come with a lot of profit at the end but a business that you fail to plan will not bring a profit in return.
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Business plan is one of the most important thing when setting up a business, business plan always come first when setting up a business a business that doesn't have plan will surely ruin you plan how you want to do your business how you want to manage it and how to make awareness to people such a business will surely come with a lot of profit at the end but a business that you fail to plan will not bring a profit in return.

 

[Tayfem]

Yes, you must have a business plan because that is what will make people to know what you are into. You might need loan, so your proposal is the one that will speak for you whether they should give you or not

 

[Youngimisim]

I strongly believe before you start a business a business plan is required but do you think is compulsory

A business need time to plans and study without study the business can't last, is compulsory to learns for the benefit of your grow business

 

[Sanusi]

Yes starting up a business requires a business plan because all what you want to achieve within short term and long term is in your business plan. A business that wants to succeed needs a business plan.

 

[Sariana23]

It should be mandatory to have a business plan before starting . However, it is not, each one assumes his business in the best way he wishes and with it the risks of him. The importance of this plan is because it breaks down, what will be your plan to sell the product or service, necessary financing, financial projections, etc.

 

[Softdave]

A business without a business plan is like traveling or going on a long journey with a flat tyre you are not going to get to your destination unless you change the bad tyre for a business to succeed it’s very compulsory to have a business plan

 

[Josephjossy]

Before you start any business, you have to make plans for the business, you need to sit down and write things down, you need write down the things you need in the business, there are many things needed before you start a business and the most important one is the business plan

 

[Rom90]

Yes, starting a business required business plan in the sense that if you don't plan before starting a business you end up losing all.
You have to plan on
1) how much is the capital needed for the business
2) want is profit required to gain
3) if the sales is low ,what will be the lost
4) before all this planning, think about the location, is it good for the kind of business you are starting.

 

[Tollytee]

Starting a business can require a lot of work, time and money. Follow this guide to get your business plan off on the right foot. ... It's best to find out how much your startup costs will be.

 

[Softdave]

A business plan is what drives the business to succeed it helps to monitor and check the progress of the business if you are actually meeting up to target or if you are to apply more efforts to achieving the target set for a particular period of the business

 

[Funufidelis]

Opinions expressed by Entrepreneur contributors are their own. Every business needs to have a written business plan. Whether it's to provide direction or attract investors, a business plan is vital for the success for your organization. But, how do you write a business plan?