Does starting up a business require a business plan

[Briangsam]

A business plan is important in any business. It gives structure, direction, expectations to the business. Without business plan, one could be found to muddling things up and spending on things that are not necessary.

 

[nasiusman95]

Write your business plan. ... But, even if you are going to finance the venture yourself, a business plan will help you figure out how much money you will need to get started, what it will take to make your business profitable, what needs to get done when, and where you are headed

 

[Jlife]

if you do not have any business plan you are actually going into what we call a bad business because without a proper and concern planning of business you are not likely to succeed because business plan will give you all the glue and understanding of the business you are going into is all about.

Post automatically merged: Feb 11, 2021

if you do not have any business plan you are actually going into what we call a bad business because without a proper and concern planning of business you are not likely to succeed because business plan will give you all the glue and understanding of the business you are going into is all about.

 

[redpogi16]

It depends on the type of business regarding the business plan. For a small scale like trading in fruits that you buy in wholesale and you sell to your neighbors there is no business plan needed. Such small time traders play it by ear, so to speak. For a formal business that you have to rent a business place and need about 5 staff to hire then that is clearly not a small business so a business plan is an advantage.

 

[Judee201]

A business plan is a blueprint that guides your business from start-up to growth. It highlights your goals and details of how you intend to achieve them. Every business idea needs a plan to become reality. The nature of your business and how you intend sourcing finance will decide the kind of plan you need.

Traditional business plans will serve those who want funding from financial institutions and investors. It’s more thorough than a one-paged business plan often used by people who do not need external funds.

 

[Maiira]

You want to make sure you prepare thoroughly before starting a business, but realize that things will almost certainly go awry. To run a successful business, you must adapt to changing situations

 

[Tinaconcept]

Starting up a business require a business plan. The business plan will help the business owner know step by step what he has set out to achieve. The budget of the business, the strategy outlined, purchases to be made and location of the business all are planned out on the business plan

 

[zahidhussain]

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

yes,I sure that a strong plan is need to run a buisness successfuly.first of all you chek the business area where a large number of people in and out .second you have select your team members which have the much experience give full attention to work. If your first plan about buisness fail you also make the strategy to keep it to moving in all situation

 

[Saba54]

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

Yes office list starting a business requires a specific business plan because before achieving a goal it is important to said short term goals and steps to reach towards your destination so business then is very important by initiating your business in international market because that business plan will help you to work properly in a way that is decided earlier and you will develop copy strategies to the unbalanced situations because you have alternative plans decided before in business plan in Association

 

[Prettyjanie]

Every business requires a plan, venturing into a business without a plan is like embarking on a journey without knowing where you are going to. In business, all the intricacies involved, the way you intend to execute the necessary process, involves planning.

 

[Popular]

Yes
Being a business man or woman,what first comes to mine is
How to start a business
And the location where he or she will manage the business,

 

[marky]

Generally, for three extraordinary reasons, new businesses draft a marketable strategy: to impart their vision for the association The feelings shared by Founder Contributors are their own. Any association needs to have a strategy recorded as a hard copy. A marketable strategy is significant for your association's prosperity, regardless of whether it's to give direction or draw financial backers.

 

[Kelly5]

As a matter of fact, starting up anything at all on this life require a plan. Be it your marriage, choice of what course you will want to read in school, and all what not. Business is all even so of them all. You need to draft a plan and a strategy to win your business

 

[Bethel Victor]

A business plan is one of the most important step to setting a business, any business started without an intensive and comprehensive plan might not last for long, business plan helps you make your step by step decision to the top

 

[Defaith]

It requires it and its very important when starting up a business, not doing a business plan before business is like a building without proper foundation, it will eventually collapse in a very short time

 

[Bart Simpson]

Indeed I am a huge fan of writing a business plan if it comes to beginning a business. As the start up entrepreneur, you will know which elements of your business are focused on because of your plan. Therefore, your current spending will be restricted to the business plan and will be called for by the plan.

 

[Mawome]

My friend always say: without plan you are dead, doing business with out plan can be compared to somebody who is walking with a blind fold, and what do you think will happen to him? He will fall into pit not so? That's what it is, so in any business you're doing, plan is the number one thing I tell you.

 

[Hurraira]

A 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.

 

[Ayokex]

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

One the important tools for starting a business is the business plan. It gives the proper roadmap of the business structure. Without a business plan the business will just be running the business with no guide which may be heading to a collapse.

 

[Irfan Aslam]

Yeah, preparation clearly needs to be necessary prior to beginning the company without adequate planning or discussion about how to run the business if you don't demonstrate that what you are producing in your business is going to produce how you handle all the workers you need for the business.