Does starting up a business require a business plan

[Presh1503]

I strongly believe before you start a business a business plan is required but do you think is compulsory

 

[Kamon c4]

It’s very important to create a business plan before venturing into a business. Business plans reveals the business structure, aim, value and a lot more. In advent of a possible expansion, financial consideration may be required and you’ll need investors. Therefore you’ll have to present your potential investors with your business plan in order to provide them with relevant information about your business

 

[Atiqurrehman]

Starting a business can take a lot of work, time and money. Follow this guide to get your business plan off the right foot. ... It's a good idea to find out what your starting costs will be.

 

[Abibatabosede]

Most importantly before investing or venturing into a business the business plan is highly required because without planning the business the business cannot meet up with standard also it will affect in sectors like the financial part of the business the business will be lacking behind

 

[Thosynho]

I strongly believe before you start a business a business plan is required but do you think is compulsory

Everything you are starting should be well thought of before embarking on it. Same thing happens to starting a business. It is very important to have a business plan which will deal with how you want to run the business.

 

[Milz]

It is very compulsory for you to have a business plan when you decide to start a business. Without a business plan you have no defined goal orobjective for the business. How do you expect the business to succeed financially?

 

[Has.an_shahid]

The most important aspects of the startup process, e.g. Setting up an accounting system, for example, is not particularly important, but it is essential. As you create a business plan, you need to think about how you will run every aspect of your business - marketing, administration, funding, and more.

 

[Jlife]

The most important way of knowing and succeeding in any business you want to go into is to have a good and accurate plan of the business you are going into with this there is a higher possibility of succeeding than not having any plan at all, it is perfectly the best option to plan a business.

 

[Aniwhyte]

Yes it is compulsory and important for one to have a business plan before starting up a business. Without a business such business is more likely to fail sooner than expected, but with a business plan you already know all the in and out of the business, what to do and what not to do etc

 

[btaliat]

When we fail to plan, we are planning to fail. We need to plan for us to the reason why we are setting up the business. Plan will serve as ou guidance and always put us in track even when we go the wrong direction. Planning is every essential.

 

[EMMANUEL]

Having a business plan is a nice idea, although some business might not need business plan now for a start maybe small scale Enterprise but what I know is that, having a business plan will help you to achieve and be focus of the business aims and objective.
Which happens to be the most pertinent in the business plan.

 

[Chumzy]

Most people just get capital and go into business even when they don't understand. The smooth running of the business and what is possible and what isn't. Business plans are very important in creating a Fram for the business in how it wants to go.

 

[Mostee501]

Typing from experience,without a business plan the percentage of success of that business is very slim. It is advisable to draft out a business plan and make market surveys before starting a business to ensure high percentage success.

 

[Donolatunji]

Traditionally, for three unique reasons, start-up companies draft a business plan: to communicate their vision for the organization The opinions shared by Founder Contributors are their own. Any organization needs to have a business plan in writing. A business plan is important for your organization's success, whether it's to provide guidance or draw investors.

 

[Dubai]

I strongly believe before you start a business plan is required but do you think is compulsory

Yes, it certainly does need a business plan. You ought to have planned on how you want to run the venture before starting it. A proper business plan will guide and prevent you from some mistakes that could be made without the plan. So, I advise you do one before you open.

 

[kayode10]

It is being said that if you don't know where you are going any road will take you there. Which means you will just be wondering around you don't have particular direction where you're going to. The same thing is applicable to building a business without a plan for the present and the future of the company. It's life in banking on wilderness without a compass.

 

[Adexgrace]

There I nothing one Want to do in this world without plan.
As the sayings goes proper preparation prevents poor performance.
It is very necessary to plan business to avoid failure or downfall of the business.
Planning helps a lots.

 

[Nurudeen]

Yes I'm really a big fan of business plan whenever it come to setting up a business. If you have a business plan as an entrepreneur you will know where your business is focused at, you won't even spend unnecessarily because all your spending will be in the plan already

 

[Luckboy]

Yes start a business is required business plan business plan is important in business Business Plan Is Simply a Must-Have for Some Businesses. If you plan to approach a financial institution for a loan, apply for a small business grant, pitch your business idea to investors, or enlist the support of a business partner, a business plan is required.

 

[Asma]

yes its compulsory because every business needs planning before starting. no business grow up without planing, its the important factor in any business. planing makes business proper, through any one know how to work