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BusinessPLANNING

A Business Plan spells out your purpose, vision and means of operation. It also serves as your company’s resume, explaining your objectives to investors, partners, employees and vendors. A good business plan clearly states the amount of capital you need to make the company work and where the investment is coming from.
Why do you need to write a business plan?
Here are five good reasons why you should write a business plan when starting a new business:
  1. To Test the Feasibility of Your Business Idea. …
  2. To Give Your Business the Best Possible Chance of Success. …
  3. To Secure Funding, Such As Bank Loans. …
  4. To Make Business Planning Manageable and Effective. …
  5. To Attract Investors.
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