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.