What challenges can be faced by a business without a plan

[Stardom22]

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

 

[Shavkat]

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]

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]

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]

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

 

[Passiveearner]

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]

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

 

[Niyi Briggs]

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