The need for a well detailed business plan

[eldavis]

One major reason ever business should have a business plan is because does who might want to invest in the business would not be willing to do so unless they see a well detailed plan. The business plan would start what exactly they are investing in and how long it would take to get their returns. Most importantly it would also be a way to show the investment is legit.

 

[Bisolami]

One major reason ever business should have a business plan is because does who might want to invest in the business would not be willing to do so unless they see a well detailed plan. The business plan would start what exactly they are investing in and how long it would take to get their returns. Most importantly it would also be a way to show the investment is legit.

If you have a well detailed plan, you will do things according to your plan instead of doing it anyhow.

 

[Springtime]

A business plan provides a guideline on how the business should be run and how to sell the business' products/services. Financial projections should also be included in the business plan so that the owners/investors know the capital requirement and the return on investment.

 

[SHAHID987]

A well-detailed business plan is essential for several reasons. It provides a clear roadmap for the business and outlines the goals and objectives that the company aims to achieve. It also helps to identify potential challenges and risks, and provides a plan for addressing them. Additionally, a business plan is often required when seeking funding from investors or lenders, as it provides an overview of the financial projections and potential return on investment. Overall, a well-detailed business plan is critical for the success of a business as it sets a clear direction for the company, helps secure funding, and guides decision making.

 

[rubesh]

It is imperative to win the battle

 

[riberet19]

The plan is the main basis of a business, so a business with a well-structured and developed base plan is halfway to success.

 

[Ebutech]

One major reason ever business should have a business plan is because does who might want to invest in the business would not be willing to do so unless they see a well detailed plan. The business plan would start what exactly they are investing in and how long it would take to get their returns. Most importantly it would also be a way to show the investment is legit.

Definitely, if you really want to convince an investor, to show that you are very serious and knowledgeable about what you want to do, you must be able to write down a well detailed business plan.

 

[eldavis]

Definitely, if you really want to convince an investor, to show that you are very serious and knowledgeable about what you want to do, you must be able to write down a well detailed business plan.

True, i know of someone who went to meet a chief to invest in his business, the chief refused, that until he sees his business plan first before he would take any action.

 

[Shavkat]

Personally speaking, it is better to conduct a business feasibility study than doing a business plan. It is more detailed and covers all the parts needed for a business to grow.

 

[uptrendfinancialsignal]

A business plan that is well written and well-detailed will be result-oriented.

 

[Shavkat]

A business plan that is well written and well-detailed will be result-oriented.

I agree that a well-detailed business plan can always have good results if being implemented. Although we can attain them if the marketing department will do their jobs in researching all the essential information to complete the business plan.

 

[Starmix]

A well am detailed plan is very important to protect your business from a sudden problem. It's a part of the plan speculative occurrences that may hamper the growth of you profit and business flow.

 

[Reedex]

A well detailed business plan is very important for the smooth running of a business.

 

[cherry123]

Business plan is the moral compass of the business stating exactly what they business are investing in and how long it would take to get their returns. it needs to be followed

 

[Heatman]

One major reason ever business should have a business plan is because does who might want to invest in the business would not be willing to do so unless they see a well detailed plan. The business plan would start what exactly they are investing in and how long it would take to get their returns. Most importantly it would also be a way to show the investment is legit.

Without having a very good business plan for your business, it is always going to be very difficult for you to set up the business in a way it will survive any challenges that come its way.