Does starting up a business require a business plan

[Cissé]

Business plan is one of the necessary things to do when starting up a business, you must plan how you want the business to go and what to do to get more profit and what the business will be all about. Failure to plan for business will surely ruin the business.

 

[Philip Omotayo]

Starting a business requires a business plan. To make the business profitable. It helps us to stay focus. A well written business plan makes the business to have a concret direction. It helps in financial management and security. It gives exact employees to work with. It give exact quotation of the business.

 

[Michaellee]

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

Everything we do needs planing. Before you kick start a business one need to plan on how the business will go. Playing ahead plays a pivotal role in everyone's life. In some organization they normally employ a planer

 

[Nicklas22]

Starting a business requires a business plan if you want to succeed in that business
Starting up a business without business plan is like going to the farm without your tools
Business plan play a very important role in the growth and how the business should go
So your new business requires a business plan

 

[Victor001]

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

The fact is not everything is compulsory, sometimes we know what is right but we feel like giving the alternate a try. Its business not demo, you can choose not to plan if there is an arranged set up.

 

[Adeyoola7]

Yes if you want to start your business you must have a clear business plan that is the most important aspects of business you must understand or have plans on how to distribute your products to the people 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.

 

[Ebensco]

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?

 

[Azhar119]

If you plan to approach a financial institution for a loan, apply for a small business grant, pitch your business idea to investors, or enlist the support of a business partner, a business plan is required.

 

[Ralphjoe]

Starting a business is a necessity for a business as it increases the potential of the business being successful but it's not a compulsory thing for a business to be successful. Mostly Business plans are utilized for big companies that have complex operation but smaller business especially street business doesn't require an elaborate plan as the plan can be in the mind of the business man.

 

[Adesuwa]

Yes is very important no business grow without a plan. If you have a smart plan before you start a business, it will be going smoothly and you be able to gain your own profit,but without a plan business it lead to failure.

 

[oluwaseun tope]

Hmmmm is not all business that requires business plan for instance if you are to yogurt business , I mean those that hack on the street will you tell them to get a business plan ,it depends on the kind of business that you want to do.

 

[Xerryl]

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 the business will be lacking behind

 

[Setho]

If you want to start a business, no body is going to come and hold you by the neck that you should create a business plan but if you want to increase your chances of success then a business plan can assist you with that. Sometimes what investors need to invest in a business is simply a business plan that meets with their calculations and that is all.

 

[nasiusman95]

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. ... Marketing and sales -- how you'll market your business and your sales strategy

 

[Sunnytee]

Not only important but under necessary and a must that what is tantamount to some business that has turned down or loss there value all in the name of not having plans or business laydown proposal it is important to have a business plan

 

[ahmedo24]

Every business you want to start is better to have a business plan because it is the road map of the business, it help you to set target, get you focus and help you in implementing your plans accordingly. Lots of people doing small businesses don't have business plan and this easily crash their business.

 

[Patrik]

of course, without a plan, your business has a chance of failing at any time, otherwise, its success would be very temporary, any small issue to appear and everything will be gone for sure

 

[mubinadaddy]

For your business growth and in other to take track of the success of your business. You will need business plan. If you don't have capital to startup the business and you have a superb business plan, you can get fund from friends and family or got a partnership. So I truly suggest business plan for any kind of business that you venture into.

 

[Caali]

Yes, A business plan is a formal document that communicates to its readers your business ideas, positions, and future action course. However, it is also crucial for startup businesses to draw out a full-fledged business plan.

 

[McChris]

To start a business you needed so many things like money land and also marketing esperence. And a person that want to start a business needded a business plan so that his or her business will be moving well like other's and also your will be marketing your product to the people