YOU HAVE A BRILLIANT IDEA AND COURAGE TO GO AFTER IT. BUT THAT’S NOT ENOUGH.
Research has shown that business owners and entrepreneurs who manage their businesses according to a well-devised business plan are more successful than those without a business plan.
It is not surprising, that bankers and venture capital funders insist on being presented with a business plan before they will make a decision regarding a business loan application.
Your business plan should be a strategic blueprint that lays out a complete road map for what you intend to do whether it is a start-up business or an expansion of an existing business.
There are a number of reasons why a business fail, which could have been avoided if the business owner had compiled a proper business plan.
The purpose of the business plan is to guide you in setting up and operating your business at a profit.
Preparing the plan forces you to consider all aspects of your business and to confront any problems while your business is still on paper.
Your business plan is your road map to your success. Any road will take your business somewhere, but only a professional business plan will help you take your business where you want it to go.
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