15 Reason for a Business Plan

15 Reason for a Business Plan Why do you want a business plan? You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don t know about. So, just for a change, let s take a look at... More

15 Reason for a Business Plan Why do you want a business plan? You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don t know about. So, just for a change, let s take a look at the less obvious reasons first and finish with the ones you probably already know about. 15. Set specific objectives for managers. Good management requires setting specific objectives and then tracking and following up. I m surprised how many existing businesses manage without a plan. How do they establish what s supposed to happen? In truth,you re really just taking a short cut and planning in your head--and good for you if you can do it--but as your business grows you want to organize and plan better,and communicate the priorities better. Be strategic. Develop a plan; don t just wing it. 14. Share your strategy, priorities and specific action points with your spouse, partner or significant other. Your business life goes by Less