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

Notices


Reply
 
Thread Tools Rate Thread Display Modes
Old 06-12-2015, 01:52 AM   #1
ourbusinessladd
Registered User
 
Join Date: Dec 2014
Posts: 50
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.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
ourbusinessladd is offline   Reply With Quote

Old 11-05-2015, 10:00 PM   #2
shikaka142
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, 10:25 AM   #3
film103
Registered User
 
Join Date: Jan 2014
Posts: 991
Good info here. Welcome to the forum!
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
film103 is offline   Reply With Quote
Old 06-16-2016, 03:35 AM   #4
SurtiKart
Registered User
 
Join Date: May 2016
Location: Surat
Posts: 1,866
Best online shopping saree website for Ethnic wear | Surtikart.com
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
SurtiKart is offline   Reply With Quote
Old 06-07-2017, 01:00 AM   #5
AbbasQadir
Registered User
 
Join Date: Jun 2017
Location: Dubai
Posts: 14
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.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
AbbasQadir is offline   Reply With Quote
Old 06-09-2017, 10:43 PM   #6
akaimbg
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   #7
padgettcalgary
Registered User
 
Join Date: Jun 2017
Location: Calgary
Posts: 18
Post

Grow your existing business and share your strategy, priorities and specific action points.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
padgettcalgary is offline   Reply With Quote
Old 06-13-2017, 02:12 PM   #8
chrissky
Registered User
 
Join Date: May 2017
Posts: 114
lol no............
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
chrissky is offline   Reply With Quote
Old 05-15-2022, 11:44 PM   #9
quantumleap
Registered User
 
Join Date: Jan 2016
Location: Hyderabad
Posts: 4,287
Why a business plan

A good business plan guides you through each stage of starting and managing your business. You'll use your business plan like a GPS for how to structure, run, and grow your new business. It's a way to think through and detail all the key elements of how your business will run.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
quantumleap is offline   Reply With Quote
Reply


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
Promote business online, business promoting, online promoting, habibkhan90 Social Networks 5 07-06-2022 01:02 AM
Alan Zavacky Online Business Plan Darren101 Introduction Area 7 06-08-2016 12:26 AM
A Home Based Business Modeled After Google theshawnchin Google 3 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 11:46 PM
How to create Business Plan? albertgeorge The Market 4 02-25-2013 03:48 AM


All times are GMT -7. The time now is 02:24 PM.


Powered by vBulletin Copyright © 2020 vBulletin Solutions, Inc.