Why Having a Business Plan is Important | Bplans

Do you really need a business plan? Is it worth the investment of time and resources? Can’t you just wing it and skip the whole planning process?

Good questions.

In this video, you'll learn everything you need to know about why having a business plan is important for your business.

The following are reasons why having a business plan is important:

1. It's essential if you're seeking a loan or investment.
2. Business planning is proven to help you grow 30% faster.
3. You'll make spending decisions with confidence.
4. You're more likely to catch critical cashflow challenges early.
5. Having a business plan minimizes your risk.
6. It's a solid foundation for strategic planning and prioritization.
7. It will help you set achievable goals and milestones.
8. Your business plan is an asset if you ever want to sell.

Ready to create your business plan?

Download our free Business Plan Template to help you get started:

Watch next:
3 Reasons Why You Need a Business Plan - Bplans Explains Everything

---- HELPFUL LINKS

-Step-by-step instructions: How to Write an Executive Summary:

-500+ Free Sample Business Plans:

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[sandiesantiago]

Dude, I don't usually comment, but let's just say I had to like and comment this video!

[petronicamalapane]

De kind of video I've been looking for❤Thank yu

[fsa]

What are the main sections in a Business plan?

[NinjaMoesha]

So why do businesses fail to complete a business plan?

[TheBullOfLewisham]

Sunday Twelfth of July Two Thousand And Twenty.
21.10per meridiem.
"Good-evening Madam. How are you? I trust you are well "
"Thank you so much for the short video on Business Plans." "This is the first thing that is mentioned on starting a business 😐." "What, has not been stated, is the absolute necessity, of a Business Plan. One Feel's one could do, without it." 😐
Yours Sincerely
Mr Francesca Al Kray
Postscript: Thank you very much xx