Register on the forum now to remove ALL ads + popups + get access to tons of hidden content for members only!

Go Back   Site Owners Forums - Webmaster Forums > Intro Zone > Introduction Area


Thread Tools Rate Thread Display Modes
Old 06-12-2015, 01:52 AM   #1
Registered User
Join Date: Dec 2014
Posts: 52
Why a business plan?

If you are an entrepreneur or a business person, you already know How to Write a Business Plan and also the need for it. If not, it is not end of the world. You can learn it from many sources. Below are few of the ways a business plan will help you. Let us see how.

Creating a new business

This step should be quite clear in your mind. We need a business plan to build a step by step strategy for our business. In a proper written format, a business plan can help you to figure out how to proceed in the correct direction in order to establish a business. While you start writing, you will get the new dimensions of your business. And during your entrepreneurial journey, a business plan is the right place to track your progress.

For a business Funding

It is evident that once you have a business plan it becomes quite easy to approach financial institutions, personal lenders, banks, Investors for business loan or fund . This business plan will clearly portray your business strategies, growth project etc , which will help the funders or financial institution to a decision in your favor.

Share your strategy and plans

It is always better to present your business plan with the right and trustworthy audience. They will add lot of value by suggesting or criticizing—which will ultimately prove to be beneficial for your business. And if this happens at the early stage of your business, say during initiation and study that will save lot of money, effort and your valuable time.

Moving to new space

Among fixed costs, rent comes pretty high on the list. Moving out to a new rented place is a decision which has to be taken carefully. Will your business produce enough output to cover the overhead costs? This can be figured out through your business plan. If yes, you can take the plunge.

Hiring new people

Hiring new people is an added fixed cost. If the people are going to help out in your business as per the plan, you can take the risk of hiring them. Once hired they should serve the purpose and this can be ensured if the needs of the business are clearly stated in your business plan.

For setting specific objectives for Management and employees

There has to a specific strategy and particular goal for your business. Unless you jot them down in points it would be impossible to understand and further explore them. Also, when you are hiring people, you need to put up a clear picture of your business strategies so that they can work on the same lines. All these can be achieved only through a clean and clear business plan.

Selling your business

As mentioned in the previous point, business plan is going to help in the valuation of your business while selling it. It will also help the prospective buyer to understand the goals of your business and clearly explain how can achieve it.
Our Business Ladder
ourbusinessladd is offline   Reply With Quote

Old 08-20-2015, 12:16 PM   #2
Registered User
Join Date: Aug 2015
Posts: 186
Thanks for the info
Dhanraj21 is offline   Reply With Quote
Old 11-05-2015, 09:00 PM   #3
Registered User
Join Date: Nov 2015
Posts: 21
Business facebook account for rent.

My name is Dat. please add my skype: shikaka142
shikaka142 is offline   Reply With Quote
Old 12-02-2015, 12:45 AM   #4
Registered User
Join Date: Oct 2014
Posts: 305
Thank you for the information here a lot! I have to say, that a good lawyer is really vital for businesses nowadays. For example, I need a loan for my business too now... I asked the lawyers from firm for help, and they said that everything will be fine with it. I hope that I will manage to grow my business soon too
roteiro is offline   Reply With Quote
Old 12-02-2015, 09:25 AM   #5
Registered User
Join Date: Jan 2014
Posts: 1,030
Good info here. Welcome to the forum!
film103 is offline   Reply With Quote
Old 06-16-2016, 03:35 AM   #6
Registered User
Join Date: May 2016
Location: Surat
Posts: 1,947
Best online shopping saree website for Ethnic wear |
SurtiKart is offline   Reply With Quote
Old 06-07-2017, 01:00 AM   #7
Registered User
Join Date: Jun 2017
Location: Dubai
Posts: 17
I agree. Planning is necessary for business. I am a project manager and I use to plan to grow projects better and to create a good CRM.
Visit Force Growth
AbbasQadir is offline   Reply With Quote
Old 06-07-2017, 01:36 AM   #8
Registered User
Join Date: Jan 2017
Posts: 3,102
Bài viết của bạn hay đó
cua cong xep
lcuerfgc is offline   Reply With Quote
Old 06-09-2017, 10:43 PM   #9
Registered User
Join Date: May 2017
Posts: 14
that is a good business plan, thank you.
akaimbg is offline   Reply With Quote
Old 06-13-2017, 02:44 AM   #10
Registered User
Join Date: Jun 2017
Location: Calgary
Posts: 18

Grow your existing business and share your strategy, priorities and specific action points.
padgettcalgary is offline   Reply With Quote
Old 06-13-2017, 02:12 PM   #11
Registered User
Join Date: May 2017
Posts: 137
lol no............
chrissky is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Alan Zavacky Online Business Plan Darren101 Introduction Area 7 06-08-2016 12:26 AM
A Home Based Business Modeled After Google theshawnchin Google 4 05-03-2016 01:59 PM
Local Business Listings are very beneficial for your business williamdark188 Making money on the web 3 12-30-2013 10:46 PM
Promote business online, business promoting, online promoting, habibkhan90 Social Networks 1 04-30-2013 08:41 AM
How to create Business Plan? albertgeorge The Market 4 02-25-2013 02:48 AM

All times are GMT -7. The time now is 08:48 AM.

Powered by vBulletin Copyright © 2013 vBulletin Solutions, Inc.