Why write a business plan?
User Comments
- To get backers (financial or otherwise), to use as a target or measure of success, as a reality check (does my business idea really work), to use in deciding who and how to recruit................the list is long.
- It helps you to see if your business has a future...
When you start making profit...
Is the business profitable (cost benefit prediction)....
Background on the business you are starting
Business plan may help you to know about the competitors
It tells the cost of starting the business...
You can use business to help you to get a partnership or investors in your business (for example banks)
- in simple words to forecast what your goals are when you establish a business and how you think of maintaining your business in the future.
usually in a business plan you have to explain how much you would invest and the rate of return that you are expecting to receive from the revenues of your business
it's more or less like, when you build a house you need the blueprints to see what it should look like etc...and estimate the cost blah blah blah...
here are some details that might be useful
http://en.wikipedia.org/wiki/business_pl...
- So you'll be clear about what the **** you're doing!
- It organizes the tasks you have to do, so you don't miss something. Also gives you an idea of what you need to do to succeed, and if your business can make a profit and what has to happen to make that profit.
Also, if you try for any financing, they'll want to see your plan.
- if you want your business to be successful and last, you need to know what you need to do and when.
an idea without a plan is just a dream
- Usually the main reason for writing a business plan is to help secure a loan from a bank or an investor, good business plans should include a sales/turnover forecast, an idea of how and where the business is going to develop over the coming months and years.