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 Who Needs a Business Plan? 
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Joined: Thu Aug 26, 2010 4:27 pm
Posts: 5
Location: U.K
Post 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


Wed Sep 01, 2010 1:14 pm
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Joined: Sat Aug 21, 2010 5:46 pm
Posts: 15
Post 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.


Wed Sep 01, 2010 3:31 pm
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Joined: Thu Sep 02, 2010 11:26 am
Posts: 5
Location: uk
Post 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


Thu Sep 02, 2010 11:32 am
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Joined: Fri Sep 03, 2010 12:38 pm
Posts: 29
Post 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


Fri Sep 03, 2010 3:38 pm
Profile

Joined: Thu Sep 02, 2010 4:28 pm
Posts: 13
Post 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


Fri Sep 03, 2010 11:50 pm
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