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

[Chris Jo]

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.

One importance of a business plan is that it gives an entrepreneur a sense of direction as well as provide guidance at the starting point. A business plan is indeed very vital!..A business plan can be prepared either by an entrepreneur or a business plan consultant but hiring the services of a consultant will do justice to the process considering the value added ideas, the consultant will generate into the plan.

 

[Sanusi]

A business plan is really important for a new venture. It gives clear guidelines on how to start and run the business. It shows the amount required to start and run the business and everything required to make it successful.

Yes you are absolutely right, i agree to what you decimated out, moreso its like you have inculcated a well detailed and accurate business plan. To be honest that is what business should entail, a business owner that does not have a business plan will surely fail, because a business plan is germaine to a business man or woman.

 

[FreshKaz11]

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.

Although is not everyone that could read and write,and some people could read but can't write,so as for that kind of a person he or she could seek for the help of a writer to put his or idea into writing fire him or her, so when she's or he is ready to work on his or her plan it would be very easy to do it and make thee best of his or her idea, because it's already been written down,so their won't be any problem or so ever when starting the business.

 

[Caali]

A business plan is a description of your business model and is important because it gives your business the right direction,it helps you identify your potentials customers and competitors.It gives a roadmap to achieve desired short and long-term goals.It helps you in creating marketing strategies. that's why business plan is very important

 

[Victor001]

Business proposal and plan is a critical factor in determining whether the success of a business. It should be well written by the owner of the company under the guidance of an expert in the field. It guides the mode of operation of the entire staff of the business and it makes one proactive in other to achieve holistic grow and development.

It's good to write your business plan,but is better to get view from a wider audience to ease analysis and aid different perspective entirely.

 

[Setho]

A business plan is very important for a business of very level because it helps to spell out exactly what the business is all about, what they hope to achieve, future projections, employees, management staff and so on. In the business the CEO should be the one to set up a business plan.

 

[Samuel77]

business plan is very important in any business because this is what will guide The business when things are not going right, I suggest the owner of the business and professional should write the business plan

 

[Erik4150]

Business plan is important because it contains the procedure and strategies your business will use and everything you intend to achieve. It must be written by you.

 

[Noor khan]

Not all businessmen have a business plan but I'd say that it is an important guide for the start up of the business. The business plan is like an essay that details all the information of the business from the description up to the operation and to the vision and mission for the future. The required capitalization and the tentative location of the business is also stated. In short, the business plan is the summary of information that you may need to remember when do make the start up.

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.

Yes definitely in my opinion and point of view business plan is necessary to run a business we should be determined and passionate about our work as well efforts for establishing a successful business. Should have new and authentic ideas for running business in short time for good profit. If we are going to plan for our new business then there is possibility to let down our new business. Well new idea as well appreciating workers and developing mind is responsible for good business.

 

[Donkiz]

Every business is expected to have good business plan, it helps to outline and bring to the fore the ideas and intentions of the business owner and the direction he/she wants the business to follow. The business plan can be written by the business owner, or by an expert with a close supervision of the business owner to ensure that his/her ideas and vision for the business is correctly captured and outlined.

 

[DareIsrael]

Business plan is really important in running a business effectively. It helps in strategizing how the business will run and the amount of return on investment that the business can provide.

 

[Josephjossy]

Business plan is very important so that you will be able to plan the day to day running of your business. You need to plan how you will run your business. Business plan should be written by the owner of the business. The owner can meet experts for advice only but he need to be the person that will write the business plan

 

[Setfragil]

Business plan is very important in business as it helps to run a business successfully. A business plan is the foundation in which a business is built. A business plan should be well written with an unambiguous words by professionals that is legally certified.

 

[Anna52]

The whole idea of a business plan is sensitive and one has to take special care when doing such. Therefore it is advisable to work with an expert if need be.

 

[Adventurer]

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.

The importance of a business plan cannot be overemphasized, failure to plan is planning to fail and that's why every business needs to have one. Making adequate research, getting finances and how sales will be made are the necessary information it will need

 

[Good-Person]

I have always put an unlimited amount of emphasis on the planning aspect of any business. Planning actually starts even before you start your own business. You cannot simply start your business without proper planning, its that simple. If I want to start a store, I would consider several factors such as location, possibility of making sales in a particular location, marketing strategy, products awareness, etc in order to boost my sales and make profits. So planning is the most important aspects of a business.

 

[tyrim88]

For an entrapreneur to start up any business,he has gotten his idea and how he wants to go about it.So it is very important that no other person is in the right position to put out that plan on paper than himself.He owns the idea and where he wants to see the business in future,he is best suited to do that.

 

[Setho]

A business plan is very important because as the name implies it gives a breakdown of the organisation goals and how they intend to achieve them.

 

[Razor1911]

A business plan is very important because as the name implies it gives a breakdown of the organisation goals and how they intend to achieve them.

But how do you implement your buisness plan, that is the main issue. A detalied market analysis about supply and demand of current situation is required. A plan should have a clear objective which is to met with certain strategy.

 

[Alexandoy]

Every business is expected to have good business plan, it helps to outline and bring to the fore the ideas and intentions of the business owner and the direction he/she wants the business to follow. The business plan can be written by the business owner, or by an expert with a close supervision of the business owner to ensure that his/her ideas and vision for the business is correctly captured and outlined.

You are right that every business is expected to have a business plan but I know there are many businesses out there that started small with no business plan. But the business grew to be a corporation later on that may be due to the close supervision of the business owner who is the CEO.