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The Importance of Planning
It is a common misconception that business plans are written for the sole purpose of obtaining financing. The most important reason for writing a business plan should be that it is an important tool for you. A good business plan will:
- Draw a clear picture of your business objectives and give you goals to shoot for
- Give you a better understanding of the industry and business you are getting into
- Show the potential strengths and weaknesses of your business
- Give prospective investors the means to determine whether your company is a suitable investment
- Give you a chronology of events and financial milestones against which you can compare your actual results
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Chris Pund on October 7th, 2005 8:56 am
Thanks for the link as always Dane :-)
Dane on October 7th, 2005 9:01 am
No, thank you for providing the excellent link!
Business Opportunities Weblog en Español | Lo mejor de la semana en Business Opportunities on October 8th, 2005 9:59 pm
[...] The Importance of Planning [...]
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