Why you should write a business plan

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Why write a business plan? Simple: The business plan is the blueprint for your business. If you wanted to build a house, you wouldn't walk over to an empty lot and just start nailing boards together. Starting a business without a business plan is just as risky.
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Business Plan Basics

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When Should Entrepreneurs Write Their Business Plans?

In this edited excerpt, the authors offer five reasons why someone would want to write a business plan and what they'll use it for. Anybody beginning or extending a venture that will consume significant resources of money, energy or time and that's expected to return a profit should take the time to draft some kind of business plan. The classic business plan writer is an entrepreneur seeking funds to help start a new venture. Many great companies had their starts in the form of a plan that was used to convince investors to put up the capital necessary to get them under way. Many business plans are written by and for companies that are long past the startup stage but also well short of large-corporation status. These middle-stage enterprises may draft plans to help them find funding for growth.
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InvoiceBerry Blog

Business plans are dead — or are they? For many entrepreneurs, the business plan is an outmoded document that gets created mainly for the benefit of VCs and bank loan officers. Bootstrappers rarely think they need one to get by. But the fact is that a business plan — even just a one-pager with a few financial projections — can be a valuable internal tool. A roadmap for even the smallest or earliest-stage idea.
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Many entrepreneurs consider the writing of a business plan as an obligation, as something that just has to be done, without to think why they actually need it. The business plan is not just a tool that will help you win finding for your startup, it has many other different purposes and here we will talk about some of the reasons you need a well-written business plan. By writing a business plan you are helping your way to developing strong business strategy and extensive and comprehensive execution road map. As we know, in entrepreneurship execution is crucial and by creating strong action plan you are increasing your chances of making better decisions and focus on what is really important.
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12.04.2021

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16.04.2021

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16.04.2021

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