Why You Need A Business Plan

[GIFTMICHAEL]

Business plan serve many purposes in our business career. If we don't have adequate plan we Channel the business to, it affects the business long time progress.

 

[Razor1911]

When someone starts a business, means he is investing money as well as physical energy into it. But that is not enough for q business to grow. Beside he will also need a plan how to progress in that business. When to inject fresh capital to level up the business and so on. A better plan will fetch better results for him.

 

[Ayokex]

A business plan helos you in many ways in the company , it helps you to know more about your competitor and the threat in the business world, secondly it helps you to identifies the financial needs of the company.

Business plan is very important in starting a business because it is the roadmap towards every activity to be carried out in the business. Starting a business without a business plan is not a good way of business creation because because it will look journey without any bearing.

 

[Ralphjoe]

You need a business plan so as to reduce the possibility of your business experiencing failure. For your business to be guaranteed or success must have a business plan in place.

 

[Chibson]

Business plan gives the business direction. No business will really prosper without a good and experienced plan being put in place.

 

[Kayzzy3]

Business plan is very important to run a successful business. Any business man who does not have a business plan we definitely run a shambolic business which will lead to failure.

Any business or endeavor with a plan is surely going to run on a direction-less course and it may not achieve much in the end.

The importance of business plan is even more than that of the capital to run it, this is because without plan the capital may be applied in the wrong thing and lead to loss.

 

[Richard92]

Business plan is very important to run a successful business. Any business man who does not have a business plan we definitely run a shambolic business which will lead to failure.

Business plan is very important in every business even though you have an idea of the business you still need a business plan to execute the business because business plan will assist you as a guide in carrying out your business goal.

 

[Jumoke12]

Nowadays I see many new businesses springing up without business plans and it amazes me.

No matter how small your business venture is, it is imperative to have a plan, here is why

1. A business plan helps you determine the feasibility of the business

2. Identifies your threats and competitors

3. Lays out long term milestones that are important to the success of the business

4. Identifies your financial needs

5. Analyses how the business intends to make money

6. Provides details about the company, staff and customers

The importance of a business plan to cannot be over emphasised.

Are you starting a new business?Write that business plan!

This is nothing but pure truth. Sometimes when you write something down, you are compelled to do what is inside of it, thereby the importance of business plan. It helps ou to follow everything you have written down to the letter.

 

[Razor1911]

This is nothing but pure truth. Sometimes when you write something down, you are compelled to do what is inside of it, thereby the importance of business plan. It helps ou to follow everything you have written down to the letter.

Not only writing in paper, when execution also. We need to have a clear mindset. Any deviation from the target will lead to unwanted hiccups, which will lead to destructive results.

 

[Chibson]

the main reason a lot of people fail in business is because they simply do not have a laid out plans and strategies of how to make a business successful.

 

[Ojonuyo]

Yes I agree with your list on the importance of business plan. In fact, the importance of a business plan cannot be overemphasize. In addition to what you have said, a business plans help secure the business against future unseen occurrence that might shipwreck your business.

 

[joy101]

Why I need a business plan so that it will really help me to succeed in my business, because is very important to have a business plan before going into a business.

 

[eLdavis]

having a business plan plays an important role in your business, if you plan on succeeding, a business plan is needed. Many businesses today do not last because they fail to have proper planning for things like marketing, or plans against up coming competition and the likes.

 

[Haveit]

Another advantage of a business plan is that it helps you communicate easily with investors who request for your plan and a good plan would convince the investor about considering your offer.

 

[Psalmseen]

There's this thing we call SWOT Analysis in business. This simply means, strength, weakness, opportunity and threat. Having a business plan enables you to determine those

 

[Prettyjanie]

It's important for a business to have a business plan before proceeding, a business plan is like a blueprint of a business it shows what the business owner wants to do

Absolutely, without a business, you find yourself derailing from the things that are more important to you. You can also execute the plan in order of priority.

 

[Chibson]

Business plan is very important for any business man and he must also seek knowledge and experience of those who has been into the field for long.

 

[Josemendez]

Nowadays I see many new businesses springing up without business plans and it amazes me.

No matter how small your business venture is, it is imperative to have a plan, here is why

1. A business plan helps you determine the feasibility of the business

2. Identifies your threats and competitors

3. Lays out long term milestones that are important to the success of the business

4. Identifies your financial needs

5. Analyses how the business intends to make money

6. Provides details about the company, staff and customers

The importance of a business plan to cannot be over emphasised.

Are you starting a new business?Write that business plan!

Exactly . Any business built without a business plan is like building a house without setting up the foundation of the house. It will lose dangers.

 

[Bookwormlux1]

A business plan is a key that helps you to analyze future events and try to profer possible solution Even before the time comes. It is a very essential aspect of business generally.

 

[Jlife]

Nice write-up, from the writing ve known that a business plan is the most important thing for people that are establishing a business,I just believe it might be difficult for you to succeed in business without a proper business plan.