Why to write a business plan?

1 ANSWERS

1. Guest4476
   

   There are five major reasons for writing a Business Plan:
      1. The process of putting a business plan together forces the person preparing the plan to look at the business in an objective and critical manner.
      2. It helps to focus ideas and serves as a feasibility study of the business's chances for success and growth.
      3. The finished report serves as an operational tool to define the company's present status and future possibilities.
      4. It can help you manage the business and prepare you for success.
      5. It is a strong communication tool for your business. It defines your purpose, your competition, your management and personnel. The process of constructing a business plan can be a strong reality check.

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