Is It Important to have a Business Plan?

[AmazingJob]

The unplanned business will gradually fall down. It's not loved by the owner, hence it's uncared.

Everything should be ironed out before starting. Make sure to plan out everything..
We cannot rely on day-to-day experience.

 

[Imran Noori]

Definitely business plan is the most important factor of a business.

 

[Starmix]

Everything should be ironed out before starting. Make sure to plan out everything..
We cannot rely on day-to-day experience.

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.

 

[Shortie]

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.

 

[AmazingJob]

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.

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.

 

[IB D]

Planning is the most important thing in life. They say that's everything is achieved with a plan, so you need to have a business plan it is very important.

 

[Passiveearner]

Business plan is very vital to help entrepreneurs on ideas. It is powerful tool to also succeed both short-term and long-term objectives.

As Benjamin Franklin once said "If you fail to plan, you are planning to fail."

So, he is right the first time he said this. If we don't plan for our success, we can't be successful. There is no business without business plans.

I agree that even a best business plan will not work if we are not to formulate, execute and implement a strategic plan. It will only work if we start writing what we plan.

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.

 

[flower]

Business plans are necessary because it will enable you to develop your business quite well.

 

[uptrendfinancialsignal]

It is important to have a business plan because it is what will grow the business very quickly.

 

[Niyi Briggs]

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.