3 reasons why you need a business plan

  • Today I am looking at 3 reasons why you need a business plan.
  • Set your goals of what you want to achieve
    • Know what you want
    • Is it agreed with your family and investors?
    • Identify the opportunity and the timeline
  • Understand where you are starting from
    • What makes your business special?
    • What are your strategies for acquiring new and retain existing customers?
    • Do your numbers add up and can you scale up
  • Identify the steps needed to get you where you want to be
    • Build a financial forecast to test scenarios
    • Determine what resources & capabilities you need to deliver the plan
    • Consider funding options

Tip: Whatever your plan is don’t forget to write it down, set targets and monitor your performance against it.

This Post Has 2 Comments

  1. Excellent article! We are linking to this great article on our website. Keep up the great writing. Joli Gail Col

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