Is business plan important even if you are experienced?

[IamDozzy]

Business plan is a document stating the goals of a firm, methods in which the goals would be achieved and the time frame for achieving the goals. Without a business plan it might be impossible for the potential business owner even though experienced to apply for a grant or bank loan. And the business owner risks getting his priorities wrong in the absence of a business plan.

 

[QalabDogar1906]

I still believe regardless of experience it is still important to Have a business plan, as a person you might have multiple ideas at a time and you might lose count of them, sometimes you might even dmvet them missed up, having a business gives you the opportunity to revisit or review when necessary.

In order to start any business we should must have a business plan and startigty then we should do business with hard work and earn money and enjoy their life happily. I also suggest you to do business with hard work and with a business plan

 

[Koredsman]

Business plan is important for everyone going I to business either experienced or inexperienced.
Business plan looks like a guide to the entrepreneur in business and its very important so as to be a successful one

 

[Raymohney]

Business plan and been experienced are not the same. Business plan help you to plan and know likely budget for the proposed business while been experienced will help you manage the business well.

 

[Dorcey]

Business plans are like road maps; it’s possible to travel without one, but it will only increase the likelihood of getting lost along the way.

Rather than putting yourself in a position where you may have to stop and ask for directions or even circle back and start over, entrepreneurs often use business plans to help guide them. That’s because they help business owners see the bigger picture, plan ahead, make important decisions, and improve the overall likelihood of success.

 

[Abiodun omolayo]

It is only a foolish person and annu experience person that will venture into any thing without firstly sitting down and thinking through on how best to run the business, the business plan is very important it's a guide ahead, it exposed you to likely challenges ahead and best way to tackle them

 

[Abbeyola]

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?

Yes, business plan is highly needed even if you are experience and highly professional,because when you fail to plan for the growth and development of a business organization,then failure may set in,due to carelessness on management part.

 

[Saraali]

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?

yes a business plan is very important for a business if you are not have experience then this help you and if you have experience it give you help grow it well and a plane is always a preferable thing everywhere and increase your think ability.

 

[Mahnoor]

The business world has long debated the importance of business plans, and most involved understand the “soft” arguments. However, this article delves into the data to conclude that writing an excellent business plan is time well spent. I developed a similar view over my 20+ year financial career, during which I have analyzed well over 10,000 different types of companies. I have noticed that while a business plan may not be required for a venture to become successful, having one does seem to greatly improve the probability of successful outcomes.

 

[Dammy]

Every business needs a plan. Any project without a blue print is bound to crash. A plan is like a blue.print that can be used to measure your progress in the process of executing your business plan. Without a business plan, you may not know how far you've gone and the next line of action.

 

[Gidoskî]

It's very important.Everything that one wants to embark on needs sufficient planning.No matter how experienced one is in order not to have things go out control even if they would he would know how to control it.Plannning ones business can never be overemphasized

 

[Setho]

A business plan shows strategy you intend to deploy in the business, so how experienced can you be to not need a business strategy?. It is hey important to develop a business strategy and a business plan as it makes you plan and also creates chances of investors who might be wowed by your strategy and decide to invest in the business.

 

[Chumzy]

Regardless of how experienced you are it is often important to do the right thing. A business plan helps you set out what you want to do and ensure it is perfect. Maybe for one so experienced it is possible without one but it is best with one.

 

[Veetos12]

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?

I believe everything in life needs planning even things out of the scope of business. An entrepreneur who is concious of the importance of business plan to be the precursor for all actions taken towards achieving a successful business.

 

[eojo2401]

Business plan is very important for business owner, it a documents that will guide the operation of the enterprise. Having experience doesn't stop you from having a document that will guide you.

 

[Sheun450]

As any experienced businessperson will tell you, the business you decide not to start because a financial projection doesn't pencil out can be more important to your long-term success than the one you bet your economic future on.

 

[Diamond07]

A well-written business plan is an important tool because it gives entrepreneurs the ability to lay out their goals and track their progress as their business begins to grow. Formulating a business plan should be the first thing done when starting a new business.

 

[Softdave]

To be a successful business man it is very important you have a business plan,starting up a business without a business plan is equivalent to starting a business without the will to succeed and the major aim of every business person is to succeed,so regardless of how experience or how exposed you are it is important to have a business plan because it is what drives the business and helps monitor if the business is making progress.

 

[Victor001]

I remember back then in school, if you don't set out plan it kind of look like you wayward and very u serious, but in the real time everybody needs plan to track focusness, no matter your level in life you must always act according to your plan else,you loose balance.

 

[Sunnytee]

There must be lay down business planned by business owner before any action is taken

That's the main reason why some business doesn't last long enough because that lack planning

The planned proposal will motivate and make the business to yeold as expected by the business owner