Why is a business plan important and who should write it?

[Jumoke12]

Business plan is very important and it should be carefully and professionally written before a business is commenced. Business plan highlights the motives and objectives of a business, without plan there will be nothing to level against in the conduct of your business.

A business plan is important because it summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the startup and the future direction of your company.Who should write the plan? You, the entrepreneur. No one else knows your business idea and goals better. Yes, there are services that can do the work for you, however, you are the one who must present this business idea to bankers or other investors. Therefore, it is best if you are very familiar and comfortable with the plan.

 

[Kiko]

Even the smallest business can benefit from writing up a business plan. In short, a business plan allows you to communicate your vision to others and persuade them to help you meet your goals. It will include thorough market research and detailed information about your marketing strategies, target audience, staff, obstacles and goals. The two primary reasons for writing a business plan are strategic partnerships and more business efficiency. A business plan can help you when applying for business credit from suppliers. Suppliers who feel confident that your business will succeed will be much more likely to extend credit.

 

[Setfragil]

A business plan goes a long way in determining how successful a business will be and the best person to write a business plan is the owner of the business because you know the amount of capital you have or what you can afford to fund the business, you know how you want the business to be where the business will be, how big the business will be and how to manage the business. All these questions can only be answered by the owner of the business. So, the owner of the business is in the best position to write a business plan.

 

[Abbeyola]

A business plan is important because it summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the startup and the future direction of your company.Who should write the plan? You, the entrepreneur. No one else knows your business idea and goals better. Yes, there are services that can do the work for you, however, you are the one who must present this business idea to bankers or other investors. Therefore, it is best if you are very familiar and comfortable with the plan.

In every business organization there should be a business organizational plan,if there is no business organizational plan then things may not work out smoothly which can later lead to failure of the organizational goals.
The chief executive officer of the business organization should be the one to draw the business organizational plan.

 

[Blue house]

Business planning is very important in business, if you want to have a successful business you will definitely need a good plan to make it successful, you can write it yourself or seek for advice from the expert.
Better still write it together with the business expert.

 

[Heatman]

Business plan is very important and it should be carefully and professionally written before a business is commenced. Business plan highlights the motives and objectives of a business, without plan there will be nothing to level against in the conduct of your business.

There was a friend of mine who wanted to start up a poultry business but he had no practical or face to face knowledge or lessons on the business venture. He had to seek help from a farmer who has been in the business for more than 15 years and all the lessons he got were spot on for him in starting his new poultry. Most mistakes others make as newbie, he was able to avoid them all because he was mentored.

 

[Jumoke12]

There was a friend of mine who wanted to start up a poultry business but he had no practical or face to face knowledge or lessons on the business venture. He had to seek help from a farmer who has been in the business for more than 15 years and all the lessons he got were spot on for him in starting his new poultry. Most mistakes others make as newbie, he was able to avoid them all because he was mentored.

I am happy that your friend did. Most people who fail in the business especially as a newbie we're able to fail because they would not ask to he explained to. I believe so much in learning and anything I am not understanding, I ask people especially those who are into it.

 

[Heatman]

I am happy that your friend did. Most people who fail in the business especially as a newbie we're able to fail because they would not ask to he explained to. I believe so much in learning and anything I am not understanding, I ask people especially those who are into it.

Yeah, I'm among the ones who were so elated for him to succeed in his new poultry business. He had his concerns about the poultry business before making a decision on it and I told him that knowledge is all he needs to excel in it. He sought for the knowledge and it helped him big time.

 

[Ayokex]

Definitely it is imperative to have a business plan. I believe all business are premeditated on plans. That is why it important to have a clear business plan ,one that is goal driven, success driven and result oriented. It is important for every entrepreneur to have a clear business plan before you even think of starting a business.

Nobody can marginalize the importance of business plan in business creation. Business plan is like a blueprint for the entire operations of the business. It comprises of the present and the future activities of the business. It should be written by the business owner.

 

[Popular]

Business plan is the essential part of business you have to desire wat you really want in your business by an expert or by your self,and it should be well written and designed for the growth and development of your business.

 

[Mahnoor]

you must have a business plan, according to the Small Business Administration. Investors will pay close attention to your personal financial statements and financial projections. In particular, investors want to see that you’ve set milestones and implemented realistic tools to measure your success. Investors may also want to know how much you intend to spend on such things as marketing. Furthermore, importance of a business plan to investors includes introducing your management team and ensuring the team members have the right skills to help run your business.

 

[springtech]

A business plan is important because it summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the startup and the future direction of your company.Who should write the plan? You, the entrepreneur. No one else knows your business idea and goals better. Yes, there are services that can do the work for you, however, you are the one who must present this business idea to bankers or other investors. Therefore, it is best if you are very familiar and comfortable with the plan.

Business plan is an essential business tool. In addition to helping the business set achievable goals, it helps the business stand a good chance of getting business financing or grant if required.
It contains several details about the business like products or services, goals, future plans, marketing strategy, assets, financial status, growth projections etc

 

[Meerab]

Business plan is verry important factor for the growth of any business,Building a business plan guide you to determine the answer to some of the most critical business decisions... It should be written by the owner of the company because he can make better decisions which are valuable

 

[Succjay]

A business plan is important in starting a business as it will act as a guide to the person. Also let the owner of the business write out his plan the way he wants his business to be and go as his taste is not the same with another person.

 

[sam386150]

Business plan is very important because it is actually defining exactly where you are going to it doesn't matter who write it,if you are unable to write you can invite an expert to help you do the writing, but all I mean is business plan is the key to business.

 

[McChris]

It help a business owner a lot. It helps him to promote his or her business to the next level and also it will help the business to grow the way he want as far as that business owner has the experience too to control and manager his or her business. It really helps in business

 

[kayode10]

Writing a business plan comes with a lot of benefits for you as a business owner. Business plan gives your business a concrete plan and a truck to follow in order to Excel in the marketplace. Business plans makes it easy for your investors to see how you want to spend their money and this makes easier for them to invest. you can secure a loan with the help of a business plan in the financial institutions.

 

[Prettyjanie]

Business plan is very important because it serves as a guide for you in business. It is said when a person fails to plan , you plan to fail. The best person to write the business plan is the business owner. However, you can consult a specialist for guidance.

 

[Dowenship]

A business plan is important because it summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the startup and the future direction of your company.Who should write the plan? You, the entrepreneur. No one else knows your business idea and goals better. Yes, there are services that can do the work for you, however, you are the one who must present this business idea to bankers or other investors. Therefore, it is best if you are very familiar and comfortable with the plan.

To me the owner of the business should write he's business plan when starting, while the growing stage there could be an expert who are in planning, then from there to group planning to bring diversities in the ideas.
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Although anybody can write a business plan. But I believe if you are just starting business nobody should write a business plan for you because it can be stolen song the line. So its better you write it at the beginning of the business when its still growing

 

[Mawome]

The owner of the business should go ahead and write it, so that during the time of investment he will know what to do, it's even more better for the owner to write it on his own, unless he can not write it on his own, then he can employ someone else to do so, but he must be while the writing is going on