So why would you need a Business Plan?
Is it only for Start- Ups? Is it only for those who require funding?
It might surprise you to know that it is not just for Start-Ups or for those who require extra funding who might find having a business plan useful. Here are some questions you might want to ask yourself before deciding whether or not you need to get a business plan done.
- Using a business plan to map out the future is applicable to everyone, do you really need to be a Start Up for this to be relevant?
- Raising Capital for a new arm of your business? A business plan could help you determine how much funding you need as well as factors such as how many people do you need to hire, whether you require a new premise? Can you afford this?
- Is everyone on the same page? Do we all have the same goals? If not, why not, how can we rectify this? Communication is vital in every business and what better way to make sure everyone is doing what they are supposed to do by having it written down.
- Setting benchmarks for you and your business will be much easier with a laid out plan. No targets no progress right?
So once all the planning is done- we can get on with the bit we enjoy- getting down to business!