Does starting up a business require a business plan

[Erik4150]

A business plan is important and I think it is good for every business owner to have one before starting a business. A business plan will help you strategize and plan your business well in a way that will help your business grow. Starting a business without a business plan is not advisable at all. You might end up making costly mistakes or mismanaging your business.

 

[eenya001]

Starting up a new business venture does not necessarily need a business plan to get it started, but though I highly recommend you get a very strong and viable business plan in order to fully guide you on what your journey in the business world should look like.

 

[Joseph555]

Everything required planning on life so business won't be a different from that, business required efficient planning.
If someone failed to plan that is to say the person is planning to fail
Business that will survive must have a strong plan

 

[shakky2]

business plan is compulsory to me but to some people it is only necessary but not compulsory because they feel that once they have the plans in their mind and figured out on their head that's all when this is really not what business plan is about

 

[Oluwasayofunmi]

Concerning the question Does starting up a business require a business plan, starting up a business requires a business plan, because a business without a business plan is just a waste, one has to create a business plan, so that one will know what to do and not to do in the business

 

[Adetayo100]

Starting up a business does require a business plan without one the business is likely to faill and lack of business plan is one of the major reasons most businesses fails. Money is not enough when starting a new business.

 

[IamDozzy]

I believe a business plan would be needed to track your progress. It's going to be needed especially if it's going to be a big business. Most small businesses don't usually need business plan but for a big business you sure need one. Most institutions that give loans and grants wouldn't take you seriously if yo don't have one .

 

[Veetos12]

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

For a well set up business, planning is required to carefully guide the business owner in making some decisions on how the business should be established. It is compulsory whether you write it down or just think about it in your head.

 

[Kinglegend01]

I think it is totally neccessary and compulsory to have a business plan before establishing a business of your own inorder for it to turnout successful.The only aspect where I think a business plan could be optional is when you consider putting it on paper, a business plan should bot neccessaril be on ink and paper.

 

[Ridorz]

If you want to start a Business and be a successful business man. You have to make a strong plan for your business. Because plan is like a foundation of house for any business. Any business without good plan collapse very soon. So, plan is very important and it's imperative things to be done in terms of business.

 

[Sanusi]

Yes starting up a business requires a business plan because a business that lacks plan, is like the business does not has a specific direction. For instance is just like a car that does not has engine, moreover a business plan involves goals and objectives of the business.

 

[GIFTMICHAEL]

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

How can you start a business without a business plan it means that you don't have a plan to succeed. A business plan will give you blue print of how your business is going to be like.
You need a business plan to succeed.

 

[Chibson]

Starting a business requires a very strategic and well laid out business plan. People who go into businesses without having much knowledge of the kind of business they are going to are not planning it very well will definitely not succeed in such a business. Business plan is very very important.

 

[Olubayo12]

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

Yes, formally it requires a business plan which will help you to better draw your business going and objectives which have been arrived at through your vision and mission. Business plan makes a business owner take the business seriously and be more focused

 

[Shayo]

Well, if you want a successful and growing business not just a stagnant one then you need a detailed business plan. Some entrepreneurs think a business plan is only for big businesses which is very wrong. Business plan isn't only for setting up, it is a longterm arrangement.

 

[Damismiling]

It is very compulsory for you to have a business plan when you decide to start a business. Without a business plan you have no defined goal orobjective for the business. How do you expect the business to succeed financially?

You are very correct, the business plan is just a blue print and proper planning ahead of the business, you would not just start a business like that you must have carried out needful research so as not to die on the way

 

[singlej007]

No matter how small a business idea is, it is important it has a business plan, business plan will enable you write a the steps out and everything needed for the business to start and succeed.

 

[idhans]

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

This is the very first step you have to take before you go into any business of your choice. A good business plan helps you your targeted customers. The aims and objective of your business will be captured in your business plan.it also helps you to know your competitors in that business.

 

[Janita]

Yes obviously planning must be required before starting the business without proper planning and proper discussion how can the business run and work if u r not show that what you will produce in your business how you will manage everything how many employees you will required for this business this all are the things that is necessary to plan for starting the business to stay from the great loss proper planning is required theme for business starting

 

[Robrown83]

Starting up a business really require business plan because it's that will guide you on what,how,when and where to set up you business. Moreover, business without plan will probably fail if the care is not taken. It is good to plan on whatever we want to do.