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Who Needs a Business Plan?
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wendy34
Joined: Thu Aug 26, 2010 4:27 pm Posts: 5 Location: U.K
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Who Needs a Business Plan?
Hi
You need a business plan if you’re running a business. A business plan is like a map and a compass for a business. Without it you’re traveling blind. With a plan you set objectives, establish priorities, and provide for cash flow.
You need a business plan if you’re applying for a business loan. Most banks require it, and even those that don’t strictly require it expect it. They expect it to be a summary of the business, with some predictable key points.
You need a business plan if you’re looking for business investment. The plan won’t get you the investment, but not having a plan will mean you won’t get investment. Investors require a business plan. They invest in the people, the idea, the track records, the market, the technology, and other factors; but they look to the business plan to define and explain the business.
You need a business plan if you’re working with partners. The business plan defines agreements between partners about what’s going to happen.
You need a business plan to communicate with a management team. The day-to-day business routine is distracting, problems come up, opportunities appear, and commitments should be followed and tracked. How do you know where you are in business without establishing where you started and where you intended to go? How can people commit to a plan they can’t see?
thanks
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Wed Sep 01, 2010 1:14 pm |
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alvinsmith
Joined: Sat Aug 21, 2010 5:46 pm Posts: 15
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Re: Who Needs a Business Plan?
Everyone to need plan if you are doing business. because without planning you can't achieve the target.Planning means all the activities are doing in business. so before doing the business first create the plan about the products, management, finance, markets and competition.
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Wed Sep 01, 2010 3:31 pm |
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marshall01
Joined: Thu Sep 02, 2010 11:26 am Posts: 5 Location: uk
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Re: Who Needs a Business Plan?
hello You need a business plan if you’re running a business. A business plan is like a map and a compass for a business. Without it you’re traveling blind. With a plan you set objectives, establish priorities, and provide for cash flow. You need a business plan if you’re applying for a business loan. Most banks require it, and even those that don’t strictly require it expect it. They expect it to be a summary of the business, with some predictable key points. You need a business plan if you’re looking for business investment. The plan won’t get you the investment, but not having a plan will mean you won’t get investment. Investors require a business plan. They invest in the people, the idea, the track records, the market, the technology, and other factors; but they look to the business plan to define and explain the business. You need a business plan if you’re working with partners. The business plan defines agreements between partners about what’s going to happen. You need a business plan to communicate with a management team. The day-to-day business routine is distracting, problems come up, opportunities appear, and commitments should be followed and tracked. How do you know where you are in business without establishing where you started and where you intended to go? How can people commit to a plan they can’t see?
thanks
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Thu Sep 02, 2010 11:32 am |
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adamdayeian
Joined: Fri Sep 03, 2010 12:38 pm Posts: 29
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Re: Who Needs a Business Plan?
Hi
You need a business plan if you’re running a business. A business plan is like a map and a compass for a business. Without it you’re traveling blind. With a plan you set objectives, establish priorities, and provide for cash flow.
You need a business plan if you’re applying for a business loan. Most banks require it, and even those that don’t strictly require it expect it. They expect it to be a summary of the business, with some predictable key points.
You need a business plan if you’re looking for business investment. The plan won’t get you the investment, but not having a plan will mean you won’t get investment. Investors require a business plan. They invest in the people, the idea, the track records, the market, the technology, and other factors; but they look to the business plan to define and explain the business.
You need a business plan if you’re working with partners. The business plan defines agreements between partners about what’s going to happen.
You need a business plan to communicate with a management team. The day-to-day business routine is distracting, problems come up, opportunities appear, and commitments should be followed and tracked. How do you know where you are in business without establishing where you started and where you intended to go? How can people commit to a plan they can’t see.
Thanks
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Fri Sep 03, 2010 3:38 pm |
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janson
Joined: Thu Sep 02, 2010 4:28 pm Posts: 13
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Re: Who Needs a Business Plan?
Hi
A business plan is like a map and a compass for a business. Without it you’re traveling blind. With a plan you set objectives, establish priorities, and provide for cash flow.
Thanks
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Fri Sep 03, 2010 11:50 pm |
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