3 Reasons Why You Need A Business Plan
Do you want to know 3 reasons why you need a business plan? A business plan is your blueprint for business success. Starting a business without one is like building a house with no materials. It just doesn’t work.
Unfortunately a lot of entrepreneurs shy away from writing a business plan because the idea of planning so far in advance creates anxiety, but it doesn’t have to.
Studies have shown that while completing a business plan is not a guarantee of success, it does indicate that the type of entrepreneur who completes one is also more likely to run a successful business.
In the words of Alan Leiken, “Planning is bringing the future into the present so that you can do something about it now.”
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Here are 3 reasons why you need a business plan.
1. Helps You Create A Sense of Clarity
The purpose of a business plan is to create a sense of clarity with regards to the long-term objectives of your business.
When we are unclear about the vision, purpose, and goals of our business, we are left floundering. You can’t expect to achieve success if you don’t have a plan for getting there.
Do you get in your car without knowing where it is that you are going? Probably not.
Think of a business plan as if it were a roadmap for your success. It helps you analyze and determine how you will set your business up, where you are going, and how long it will take to get there.