Why do we need a business plan? How do we write it?
If you were going on a road trip into unfamiliar territory, would you start the trip without a map? Of course not!
You probably would want to arrive at your destination in a reasonable amount of time, taking a well planned route, specifying points-of-interest as sightseeing goals along the way. Therefore you’d use a map to target and achieve those goals.
A detailed, written business plan serves as a map for a prospective business owner. Whether you are starting a new business or assuming control of an existing business, you need to know where you are going and how you will get there.
I my last client asked me to include a full business process with his business plan. It help also keep tract of performance, more importantly if you incorporate the full process in a Balanced Scorecard.
Good Luck Rose
Director | P.R.I.M (Parade Redeeming Industries Mending)