What challenges can be faced by a business without a plan

Stardom22 · Dec 30, 2022

The business workers may not be motivated.
Since financiers need this document the business may face challenges of lack of finances for expansion

Shavkat · Dec 30, 2022

The biggest challenge is bankruptcy. That is why we need to be cautious for this potential risk. Planning is so crucial especially in venturing a business.

eldavis · Dec 30, 2022

Without a business plan, you might end up doing the right thing at the wrong time, this could also lead to losses as well.

Golden9 · Dec 30, 2022

Without a plan, you won't know if you are doing fine, or if the business is running at a loss. Planning helps you with a vision, goals and steps to achieve that.

Post automatically merged: Dec 30, 2022

Without a plan, you won't know if you are doing fine, or if the business is running at a loss. Planning helps you with a vision, goals and steps to achieve that.

nomad · Dec 30, 2022

The most important plan a business owner has to make is related to marketing. if marketing fails, the entire business will fail.

Passiveearner · Dec 30, 2022

Stardom22 said:
The business workers may not be motivated.
Since financiers need this document the business may face challenges of lack of finances for expansion

When a businessman starts a business without a plan, then he could face many different issues related to problems that he may encounter suddenly. This is why it is important to plan things.

Yugocean · Dec 30, 2022

Shut down
Such business will shut down soon, that is challange they have.

Niyi Briggs · Dec 30, 2022

A plan is like the foundation of any business. Any business without it won't have a direction of where they are going to.

What challenges can be faced by a business without a plan

Stardom22

Very Familiar

Shavkat

Very Familiar

eldavis

Very Familiar

Golden9

Notable

nomad

Very Familiar

Passiveearner

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Yugocean

Notable

Niyi Briggs

Well Known

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