3 Reasons You Should Have a Business Plan
While there are many lists available as to why you should have a business plan there are basic reasons you need a business plan: To get a loan for your business. Banks, the SBA, and investors all require a business plan. I’ve never heard of anyone getting a business loan without a business plan. To get investors. VC’s, Angels, and private investors all require a business plan. I’ve never heard of anyone receiving an investment without a business plan. A road map to run and grow your business A proper business plan will define operational and growth milestones. Your business plan should set out the “road map” for you to follow to business success. Your plan allows you to make sure everyone is on the same page and be proactive in response to market changes. The old adage still applies, “the only people who need a business plan are people starting a business, people buying a business, people selling a business, people who own a business. If you are thinking about or in bus...
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