WHY YOU NEED A BUSINESS PLAN?

WHY YOU NEED A BUSINESS PLAN?

1. To attract investors.
2. To attract partners.
3. To fix your financial needs.
4. To get Loan from Bank.
5. To establish business’s goals.
6. To map the future of business
7. To support growth and confident funding
8. To progress and interconnect a course of action
9. To help manage cash flow
10. To prove that you’re serious about your business.
11. To better understand your opposition.
12. To better understand your clients.
13. To assess the probability of your project.
14. To file your revenue model.
15. To reduce the risk of the wrong opportunity.
16. To know really your market.
17. To plot your course and focus your efforts.
18. To set a position for your brand.
19. To justify the success of your business.
20. To document your marketing plan.
21. To understand and forecast your company’s staffing needs.
22. To uncover new opportunities.