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Why write a business plan

Page history last edited by PBworks 15 years, 9 months ago

 

 

 

 

 

 

 

 

 

Advantages

A solid strategic plan delivers the following benefits:

 

  • You focus your time and energy on activities that are most likely to achieve your goals.
  • You know how to allocate resources.
  • You put a solid strategy in place to set your business apart from the competition.
  • You can communicate your plan to employees, and hold them accountable for results.
  • You can track the results of your efforts and make mid-course corrections to get back on track if you need to.
  • You can adapt your plan to create a second business plan to raise investment capital or get a business loan.

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