Does starting up a business require a business plan

[Heatman]

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

Seriously, there is no way you are expected to start a good business without a good business plan because the plan is what helps you to be able to carry out the business successfully in a way it's supposed to be.

 

[Sotherefore]

Yes it whatever we are doing planning is always the most important thing we really need to put into consideration because without proper planning we are likely to regret our decision because we will not be able to do it perfectly.

 

[Laurentta]

Off course starting up a business requires a business plan, theres not that should be done without planning ahead

 

[Essy]

I strongly suggest that one builds up a plan and even possible write out the plan to follow up on and even serve as a proof and guidelines as to how a business would work.

 

[skyliequiz]

Yes, a business plan is an essential and strategic tool for businesses. A strong business plan not only assists entrepreneurs in focusing on the precise procedures required for their business ideas to succeed, but it also assists them in achieving both short-term and long-term goals.

 

[Sisinsefi]

It may not be compulsory, going by how you put it but it is necessary and needful.
A business plan will give you directions in the business you are venturing in to.

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

 

[Stnicholaz]

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

Business plan is very crucial when starting a business. It gives the business direction and focus on how to achieve set goal both short and long term.

 

[Toyoabasi]

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

I do not think it is compulsory to have the formally written business plan especially for small businesses, but it is important factor to consider for all businesses... A good business plan will certainly birth a stable business.

 

[Tislad]

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

There is a saying that says, " if you fail to plan then you plan to fail" so planing a business before setting up a business is the most important part of a business.

 

[Kaffyfolla]

Before the business is up, the business plan needs to be drawn, it is hardly business succed and achieve aims and objectives without proper business planning

 

[tyrim88]

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

Though a business plan is very vital in the planning and what a business owner wants to acheive in a long or short term,it might not be compulsory but a serious minded business person should have it.

 

[Adebayonle7]

This is compulsory, be it a small, medium or large scale business, the business plan consists of some necessary information - your financial and management plans, marketing strategies, market survey and analysis, locations of operation. All these are components of a business which must be observed before starting the business fully, one must as well follow the business plan strictly for success.

 

[Kubiat-Abasi]

Setting up a business requires a well detailed business plan. Some person's just venture into business with a business plan. This plan serves as a guide, which helps one evaluate in the long run an take effective decision making.

 

[jay]

When you start a business without a business plan it is like riding a car without a headlamp which will drive you into a deep pit that will be your downfall.

 

[Kvngsammy]

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

Take it as you journeying without a compass - especially somewhere you've not been before. There's no other way to it, you'll be lost.
A business plan is what would guide you in your business journey. You'll know what you're working towards and then plan accordingly.

 

[Godspower]

A business plan is very vital to the success of any business. Any business without a clear and achievable strategy is at the risk of failing within a short time.

 

[Lens]

Starting up a business without the initial plan is like going to school without book and pen. The chances of the business surviving is very slim. It would definitely collapse in no time. The beauty of writing out the business plan is to ensure that the business doesn't lose focus and to guide your towards achieving your long-term goals.

 

[tusziget]

If you want to start a business you definitely need a good business strategy. A lot of time, experience and a well developed plan can lead to a successful business.

 

[Immilash1]

business plans are mandatory in businesses. without a good planning your business will collapse.plans are the second things you need after having a business capital

 

[ahmedo24]

it is not compulsory for a dollar business plan for your business specially if your present very small business but it's very necessary and helpful to have it.