What is the purpose of a business plan?

[Shavkat]

Some businessmen continue to neglect the importance of having a business plan. In fact, it is the basic thing to consider, especially if they are planning to make a business proposal. Are they are not important to do by them?

 

[Starmix]

Planning is necessary in business to have high returns or profit. We can also make estimations and assumptions in planning to get volume sales.

 

[Niyi Briggs]

A business plan gives you an hypothetical direction on the path your business would go within a specified period of time. It might not come out very real but it can be a guide.

 

[eldavis]

A business plan serves more like a guild for the business. It clearly states how a business can generate profit and all the goals or targets you hope to achieve and how you plan on doing that.

 

[Starmix]

A business plan serves as a strong foundation for a business. It will be a guide to progress and downsizing effects of the unknowns. Planning is very important to prevent a business from failing.

 

[Reedex]

The purpose of a business plan is enormous and it is very important for each and every businessess.