Is business plan important even if you are experienced?

[akinlolu99]

yes a business plan is very important even if you're experienced. The point of any business plan is not just for one to look at but for someone to be able to take a step back and imagine what the company could be like in a few years to come and at what specific period in time a business plan should be changed or adjuated helps the company grow.

 

[eLdavis]

Business plan is very important even if you are most experienced..because you need to know who you are carrie your product to and how you want to drive your product.

You are right, I think it even becomes more important when you are experienced. Cause an experienced person might be over confident in themselves and over look certain things that might be important later on. But having a plan helps you manage these things and creates orderliness

 

[Michael 202]

Regardless of your experience business plan very important because there are so many things a man is thinking so if you start a business on your own it won't take time to collapse

 

[Setho]

Writing of a business plan has nothing to do with your qualification or your experience in business. Instead it is just a paper that is indicating the strategies that the business plan to use to achieve goals.

 

[Ghost1]

An experienced person would know before he succeeds he needs to plan. No matter the level of experience you attain without planning one can't go anywhere

 

[Laurentta]

No matter how experienced one is i think should not overlook a business plan. And experienced entrepreneur is supposed to know the importance of a business plan.

 

[YERUS]

Best entrepreneurs always have a plan. It might not be long, and it might not be detailed, but they always have a plan.

Successful entrepreneurs use all their experience, that’s 10,000 hours, to develop their strategy and plan. They know what to do base on experience.

Is business plan that important?

Truth be told, not every business person writes a business plan in that detailed, formal way we all know.
It is important to pen down a business plan in case the need for grants or anything else arises.
Most entrepreneurs, especially small business owners may have a plan, idea or strategy; but hardly do they pen it down in that detailed manner.

 

[kayode10]

Business plan is equally important even if you have lot of experience in the business. In fact both experience and business plan can work in hand-to-hand for the greatness of the business.

 

[tyrim88]

Actually, no matter the experience you have, you need a business plan to handle your next business. A business plan may not or always be written but its essential to always have one to look into whenever required. A business plan gives complete guide as to how a business should be run and when to apply a backup plan

One of the receipt for failure in any business is to depend on impulse to run your business,experience might count in business operations but not in something as fundamental as a business plan,because this serves as a guide to how the business is being run.

 

[Kingstone]

The importance of business plans cannot be overemphasized. There is no way forward without a business plan and that is why some people employ business planners to make a plan for them to see how they can achieve their goals.

 

[jay]

Best entrepreneurs always have a plan. It might not be long, and it might not be detailed, but they always have a plan.

Successful entrepreneurs use all their experience, that’s 10,000 hours, to develop their strategy and plan. They know what to do base on experience.

Is business plan that important?

Experience is what makes you to be an expert in a business that you are in which will give you all the knowledge that you need to grow the business through the point that is going to become very successful.

 

[Toyoabasi]

Best entrepreneurs always have a plan. It might not be long, and it might not be detailed, but they always have a plan.

Successful entrepreneurs use all their experience, that’s 10,000 hours, to develop their strategy and plan. They know what to do base on experience.

Is business plan that important?

A business plan is a formal document.
Some entrepreneurs have lost grant opportunities because they had to business plan to show.
Whether you're experienced or not, it is ideal to get a business plan. It helps keep your business in track if you peruse it from time to time.

 

[jay]

No matter the amount of experience that you have it is also very necessary that you operate your business with a business plan because the business planning guides you with your experience to attain success.

 

[Immilash1]

yes. business plans are very important, even though you might have the full experience of the business but it is wisely to write it down. your business plans is your vision towards the business therefore there's need to write it down.
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For any business there should be always a business plan no matter the experience and your exposure because when you write your plans and your vision down, that is when you will be able to actualize your goals, but using experience there are many thought that will be coming to your mind that won't allow you to think straight.

that's true.no matter how experienced you are you also need plans,you business plans are the back bone of the business.your plans will help you to know the vision you havefor the business.

 

[Godspower]

A business plan is very important irrespective of level of experience you have. Anyone who fails to plan plans to fail. Rather, it is your experience that should even help you to set up a very good business plan.

 

[Seno inyang]

It's good that one is experienced in this field and with that you can scale through with your business plan. The experience is not a criteria not to have a business plan.

 

[Kaffyfolla]

he importance of a business plan to entrepreneurship can also be in the way it crystallizes just what kind of help you need. Merely telling a friend or potential business mentor you're aiming to start with ten employees, for example, is not an exceptionally detailed statement. Showing a business plan that outlines the exact duties, salaries, and expectations you have for employees gives far more information for people to provide advice about.

 

[Thinker009]

Yeah business plans are important , because they could contribute to a vital development ,as it would give you more direction on how your goals are acheivable

 

[Good-Person]

I do not think that experienced people avoid making plans. They make plans accordingly. In fact, experienced people are probably able to make much better business plans as compared to others.

 

[Sotherefore]

It is very important to me personally because it would help me in the following ways

1) to be disciplined on how my business will be operated : business plan have all the things and the step you have map out in your business, with the business plan it is possible for you to follow all these step accordingly which can increase the chance of succeeding in a business.

2) a business plan can also help in emergency situation : all your plans will put down in a file concerning what steps to take whenever there is problem or when the business need a quick attention. It will help you to take a wise decision in a situation like this.

3) it will also help in proper utilisation of resources: with proper arrangement everything will run smoothly and every resources in the business organisation have their own purposes for it will be used for, this will prevent spending money on things that are not necessary..