Why Having a Business Plan is Important by Bplans.com. Do you really need a business plan? Is it worth the investment of time and resources? Can’t you just wing it and skip the whole planning process?
Good questions.
In this video, you'll learn everything you need to know about why having a business plan is important for your business.
The following are reasons why having a business plan is important:
1. It's essential if you're seeking a loan or investment.
2. Business planning is proven to help you grow 30% faster.
3. You'll make spending decisions with confidence.
4. You're more likely to catch critical cashflow challenges early.
5. Having a business plan minimizes your risk.
6. It's a solid foundation for strategic planning and prioritization.
7. It will help you set achievable goals and milestones.
8. Your business plan is an asset if you ever want to sell.
Ready to create your business plan?
Download our free Business Plan Template to help you get started:
Watch next:
3 Reasons Why You Need a Business Plan - Bplans Explains Everything
---- HELPFUL LINKS
-Business Plan Template:
-Step-by-step instructions: How to Write an Executive Summary:
-500+ Free Sample Business Plans:
-The Bplans Business Plan Guide:
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