- Thread starter
- #21
Everything should be ironed out before starting. Make sure to plan out everything..
We cannot rely on day-to-day experience.
Is It Important to have a Business Plan?
- Thread starter AmazingJob
- Start date
We cannot rely on day-to-day experience.
Definitely business plan is the most important factor of a business.
There should be long range planning and weekly monitoring through inventory. If problem arises, innovation must follow to avoid a worse scenario, i. e. business bankruptcy.
I truly believe that when it comes to having ideas for a business, you always need a business plan and a backup plan if your first business plan for some reason fails. Sometimes plans do not always go as you imagined and that can often lead to frustration if you do not have any kind of backup plan or you can even end up giving up if a plan does not go as you hoped and you had no back up.
- Thread starter
- #25
Yes, that is correct. Follow through is important. If we don't have this, how can we monitor the business. Numbers are important so as the report.
Yes, it is important for each and every kind of business to have a proper plan in order to make sure things do not go wrong.
It is important to have a business plan because it is what will grow the business very quickly.
It is important to plan out how a business would move from one step to the other. A business plan is like a documented vision that the business owner has for the business. Every business must have a vision that is real and not imaginary.
