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Why is it important to have a business plan?

fatman

wrote...

Posts: 794

Rep:

6 years ago

Why is it important to have a business plan?

Why is it important to have a business plan?

Textbook

Business Essentials, Canadian Edition

Business Essentials, Canadian Edition

Edition: 8^th

Authors: Ebert, Griffin, Starke, Dracopoulos

Read 35 times

1 Reply

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Why is it important to have a business plan?

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MrEdd

wrote...

#1

6 years ago

- To help organize and act as a road map through the various stages of development
- Requires the entrepreneur to document and explain why this is an opportunity
- To indicate as many variables as possible for possible weaknesses or strengths in each of the functional areas: marketing, finance, and operations
- To show conceptually the owner/operator how the business should come together and whether he/she will need help

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