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

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martin12
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Why is a business plan important and who should write it?  Reply with quote  

Hello Friends..........

Why is business plan important and who should write it?

Please share your views regarding this......

Thanks
Post Wed Apr 27, 2011 5:48 am
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riffdex
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A business plan helps you assess your goals for your business, your risks associated with the business, your projected cash flows (breakeven point), and other various important parts of your business. It organizes all the thoughts together into a paper to organize your thoughts. Most important it helps you see all the challenges in your business and if your business idea is realistic (or if it still needs some work before you put it into action). While you could just as easily research these topics (financials, risks, goals, etc) without putting them into a business plan like that, for some people it will help them to have a plan. The most important reason to have a good plan is if you are trying to get a loan for the business. You should have a Business Plan if you expect a bank to loan you money. It should be well-made and have ambitious but realistic goals.
Post Sun May 01, 2011 8:29 am
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JuliaRobin
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If you don't have any plan for business then you may not understand where you started the work and where you are going to finish it.

There is too much competition so before making any plan you need to understand competition also.
Post Mon May 02, 2011 6:57 am
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terrancebrandt
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That makes sense of course, Plan it up first. The way businesses has to be done is planning ahead. Some may think it is a very old fashioned way but it always help.
Post Mon May 02, 2011 2:22 pm
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rati00
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Without a business plan under current conditions it is strongly recommended not to start commercial activities, coz the possibility of failure is too high. Largely in the established market relations business plan is necessary in two cases: for internal use at the enterprise and to attract investment.
Post Mon May 09, 2011 10:07 pm
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haddoxerik
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In actuality, the business plan for any business will change over time as the business develops, and any particular business may have multiple business plans as its objectives.writing a business plan can save you a great deal of time and money.
Post Wed May 11, 2011 6:02 am
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f5mtadas
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How to write busines plan?  Reply with quote  

So also how to write the business plan on paper?

I know there are some softwares for business management, but
what tools, information and data need to write business plan
and to see the possibilities and threats?

Tadas
Post Wed May 11, 2011 11:52 am
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jeffreymint
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If you are definitely into it, you can write it yourself and plan it. Have everything that you have in mind put into writing. From there you can ask a good business consultant and know what you should do and do it right.

eQuote Rocks!
Post Wed May 11, 2011 3:53 pm
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teena.robert
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A good business plan is required to get success in business. A businessman should be prepared and preplanned for his next step then he can get success in the business.

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Post Tue May 17, 2011 12:46 am
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jeffreymint
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To add more... besides yourself, your advisers can help write it for you too. Advisers can be your professional business consultant, or maybe your bestest neighbor who happens to be your business partner. What I mean is, you get to choose who would write it.

eQuote Rocks!
Post Thu May 19, 2011 3:16 pm
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michaelbish
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I know how to write business plans and the steps you need to take to the business. I will not be borrowing money to start my business. The problem is to sit down and write the business plan. So you can only go with someone who is doing the business plan for me.
Post Fri May 20, 2011 12:15 pm
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jeffreymint
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So to keep you in line and knows what you are to do and when to do it. A written plan is always helpful.

eQuote Rocks!
Post Tue May 31, 2011 2:13 pm
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SweatyGirl
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a good business plan can lead to a good business, but don't expect your business a big growth. only 1 of 10 businesses survive
Post Tue May 31, 2011 9:11 pm
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