5 reasons why a business plan is important
Posted on 1st December 2020 at 13:35
The main purpose of a business plan is to establish a business focus, secure funding and attract the best people to work in your business.
The core elements of the plan are where you are now, where you want to be and how you will get there. They include detailed information about your purpose, market analysis, competitors, customers, cash flow projections, marketing, sales and logistics.
Creating a business plan before you start your business will help to give you a clear path to follow whilst you develop and grow your business. It is not a document that you simply create and file, it needs to become the backbone and a guide for everything you do. Control measures need to be included so that you can monitor and measure how well the business is doing and avoid any critical issues.
Here are 5 reasons for writing a business plan:
`rowth which might include the need to hire someone with a specific set of skills to make it happen.
For help writing your business plan or reviewing an existing one from one of our experienced and qualified team, please call 0121 550 8509 or email Graham (firstname.lastname@example.org)
Tagged as: Business planning
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