Business Plan - is it necessary?

[Aricha josef]

It is necessary but not compulsory..Not everyone drew business plan before commencing their business..But it will be more better if you make a plan before starting your business so as to know the feasibility study of your business..
You will know the cash inflow and outflow in your business,daily expenses and incomes earned..

 

[Josephjossy]

Business plan is really very important in a business, it is the most important thing to do before starting a business. You need to sit down and plan your business. You have to plan the business very well. You need to plan how to run your business, you need to plan and write down the capital needed for the business.

 

[solomonmali]

The merits of a business plan to an entrepreneur begins by helping you to identify your possible problems and challenges. It's one thing to aim for a goal of being profitable in the first year of operation, but how will you achieve that? A business plan forces you to get realistic and look at your numbers.

 

[adazeez1995]

Very necessary I must say. A business that has no well defined business plan might not go far. A concis business plan serves as a roadmap to a business and plans for the business future, preparing it for any opportunity or challenge nu

 

[Chibson]

Business plan is a must for anybody who wants to succeed in business. You may have the finance and the resources needed to run a business but if you don't have a proper plan and of course have made enough research on the kind of business you want to venture into you will actually not succeed in it.

 

[jimmann247]

Plan your business or your business will crash, if you have no business plan for your business it means you have no guide you are following, it means your business has no direction and plan of what do and what to avoid.

 

[Khizar iqbal]

In order for any business to be successful, it is very important to plan for it. Color is done in every way, from its investment to its product.The success of a business depends on its planning. The better the business is planned, the better the business makes a profit.Yes, yes, yes

 

[Ayoknl]

Business plan is necessary especially in big business where there are lots of process needs to get the business running. Sometimes most small and medium sacks business are able to run their business affairs without a written business plan.

 

[Hamza1999]

You may have heard that every business needs a business plan, and it's a great idea. A business plan can certainly help you think about everything you need and where your business is going. But if you don't need a business loan, you probably don't need to spend the time creating a formal business plan.

 

[Luckboy]

Whether you're starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions. Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and product/service details.

 

[Kunkun]

It's is necessary because it's serves as a lead sometimes, a map to navigate the storms of business with. Having a business plan is like having a blueprint, it's makes things easier

Post automatically merged: Feb 14, 2021

It's is necessary because it's serves as a lead sometimes, a map to navigate the storms of business with. Having a business plan is like having a blueprint, it's makes things easier

 

[zenith]

That is the first thing every business started is suppose to have be starting his or her business but unfortunately not all of them have such thing in place although some of them eventually succeed and make it big without the plan and I think it has to do with luck and some natural business technic they have that is helping them.

 

[Aotosyno]

Business plan is very necessary because it explains the way the business will be run and also what to expect or see in the next five years.its States how the business will be managed,how to reinvest the profit and also how to promote the business

Post automatically merged: Feb 14, 2021

Business plan is very necessary because it explains the way the business will be run and also what to expect or see in the next five years.its States how the business will be managed,how to reinvest the profit and also how to promote the business

 

[Abu hurara]

Too much important part for successful business. Without buniess planning our business is not growing. A good planning always gives more and more success of your business. 1st thing is planning then start the business.

 

[Cissé]

Every business need a plan, any business owner that fail to plan how he/she want to run is business will ruin the business. Planning is the first thing to do when starting a business. A business owner must also have a backup plan because of business challenges.

 

[Caali]

In your business plan, it’s important to elucidate how you propose to urge your products and services before potential clients. That’s what marketing is all about. As you pinpoint the steps you’re going to fancy promote your products, you’ll need to mention the budget you’ll need to implement your strategies...

 

[Irfan Aslam]

In investment strategies, I'm even against being headstrong. However, following the norm is no bad thing, as if you do not have the expertise it comes with what you may need. My approach to the business plan is to have a very simple business definition and layout. It is also reported that the capitalization and expected profit are a challenge when you start up.

 

[Esther]

A business plan is not just necessary but very mandatory . How can you start something without a plan? That doesn't make sense. A business plan is very important if you can't write it then tell someone to write it for you but make sure you have a business plan.

 

[Muhammad hussain]

It is very important for any business to make a plan first because a business develops only when a strategy is developed and a plan is developed in such a way that No business can grow without planning

Post automatically merged: Feb 14, 2021

It is very important for any business to make a plan first because a business develops only when a strategy is developed and a plan is developed in such a way that No business can grow without planning

 

[Profwriter]

A business plan contains the growth plan of a business, it's like the map showing the future of a business. Success is deliberately planned and nothing happens by chance or luck. A business plan is critical and strategic for business growth.