What's the essence of a business plan
- Thread starter cherry123
- Start date
when it is not formal and does not involve alot of resources that you are not going to be held accountable for then probably you may start with some rough plan jotted on rough papers but if you want to have somnething systematic with all the details for people to make assessment and put in a pitch to show that you have a viable,scalable business that is able to provide value on a targeted market then you just have to create a standard business plan or proposal.You also can access funding if you have a business proposal.
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- Thread starter
- #7
More like a direction which will guide the business to be in the right direction. That's just it.
Have you ever entered a traditional market, most of them don't know management knowledge, so it's impossible for them to make a business plan, but their profit (as a seller of goods) can be to survive, even to send their children to school. The essence of the business plan is the purpose, actualization and control.
The advantages of writing a business plan is very enormous because it is one of the things to do in order run business successfully.
- Thread starter
- #10
Yeah that's the truth , you Just need to have a business plan as your compass to fly with it in your business
A business plan is essential for a company. It helps the company sets clear goals and guidelines on how to manage your business. A Business plans may also help the company to get funding from investors when needed. Investors will feel more confident if they know the goals of the company and the expected return on their investment.
A business fails because the business owner fails to plan. Planning is essential not only in businesses but at home too. It must also be presented to the family if they like the plan or not, the same way in businesses. It must be presented to the board or to the organizers to have a smooth sailing business.
