Does starting up a business require a business plan

[Shigobad20201]

Actually starting up a business needs a business plan so that the business can flourish , you cant just start a business without planning on how the business will benperfected, how much you will spend on it, where the site will be situated and how much you will spend on the business.

 

[Ayokex]

A business plan is one of the important tools required to start a business. If not for any reason but for the sake of any interested investors. It helps create a roadmap for the business.

 

[Adebola]

Starting a business needs planning. Business plan serves as a template for the main business what you want to achieve and how you can achieve it

 

[Anna52]

It is very important for a business to have a business plan this is because a business plan is the business itself if you do not have a business plan then how will you organize the business.

 

[Shigobad20201]

It is very important for a business to have a business plan this is because a business plan is the business itself if you do not have a business plan then how will you organize the business.

Having plans like what you want to be selling , buying or producing, how to get a good site for the company to be built, and how much did you need to start the business and the amount of money needed to start up

 

[Ronald03]

Starting up a business requires a business plan that you must be focused on , if you are willing and ready to get enough profit to boost the business

 

[Setho]

No one would hold you by the neck to do a business plan or start with it but it can be instrumental if you want to scale up your business or to attract investors some day.

 

[Sheyemanu]

In reply to you, concerning your question in the above post on if a business plan is required before starting a business, well I have to say that it definitely is and is a must, it is not optional because this will be a guide for your business

 

[MercySmith]

Business plan gives you direction of the business. It estimates the profit you are likely to make from the business so I believe it is compulsory if you want to run a successful business.

 

[Maphalle]

Definately. You cannot start a business without a plan. A plan will help you set up your business, know how many employees you need, how much you need to start, kind of location you'll need for the business, and so many things ofcourse.

 

[Robust]

Starting a business required or need business plan, as a saying goes 'if you fail to plan, you plan to fail'. So planning should be the number one thing you need to do before even starting a business because it helps and guide you to know about your business.

 

[eLdavis]

Starting a business without a plan simply means you have already started wrong. Like they say a man without a plan is like a man planning to fail. A business plan should be the first thing eben before the start up capital if possible. Everything needed to run the business can be found in that plan

 

[Prettyjanie]

Most importantly before investing or venturing into a business the business plan is highly required because without planning the business the business cannot meet up with standard also it will affect in sectors like the financial part of the business will be lacking behind

Also, having a business plan gives you a systematic approach on how to go about your business. Without a business plan, you are likely going to omit something that is of great importance which may affect the business in a long run.

 

[Josemendez]

Any business without a plan is bound to fall because it is the business plan that guides the business to success. Infact it is a prerequisite for starting a business

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

 

[Kennysplash]

Of course. Every business requires a plan which contains strategies you use in carrying out your business. There is a saying that if your fault to plan, then you are planning to fail. So a business plan is very important.

 

[Chibson]

Starting a business requires a business plan because it gives direction and definitely the purpose of the business and how it will operate.

 

[Dowenship]

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

I think as important it is its compulsory to have a business plan, because the business plan will give you as e owner direction of the business.

 

[Chibson]

If your business does not have a business plan then it would definitely not have any direction and you may not succeed on it.

 

[Alexandoy]

If your business does not have a business plan then it would definitely not have any direction and you may not succeed on it.

You are right that the business plan is a guide for the direction of the business. But for some smart people they can do away with the business plan. They just play it by ear, so to speak. Many successful business owners here did not have a business plan.

 

[Bousine123]

Sure it does. Everything we want to do in this life requires planning. Without planning it would be very different to navigate.