Why is writing a business plan important?
Fail to plan, plan to fail”. This is certainly the case when it comes to Business Planning.
If you were about to embark on a journey, I am sure you would find out where you were starting from, where you wanted to get to and how you were going to get there. It is the same for Business Planning. Business Plans are one of the most effective tools for a small business owner when starting, growing and managing their business.
Unsurprisingly, most entrepreneurs don’t necessary like Business Planning– it does require time and effort to put it together, many of us feel we already know enough about our offer and customers and we just “want to get on with it”.
However the final business plan and the process of putting it together is well worth the time and effort. You learn so much about you, the business and potential customers.
Here are some reasons why you should have a business plan and why you should register to find out “How to write a business plan”:
Finally research suggests that businesses that do have a business plan not only stay in business for much longer but they also generate much higher sales growth and profits than those that don’t have a formal plan.
Written by Bobby Singh