By taking an unbiased look at your business, you can identify areas of weaknesses and strengths that you might otherwise overlook.
Planningcan mean the difference between your business being successful or your business being a failure.
The idea of a plan is to help keep you mentally focused. In a sense it is sort oflike a goal. You write it down, follow it and make changes and updates as needed.
This is so that you can keep everything in proper perspective, because without a step by stepbusiness plan, there is no way you can keep your business running successfully, unless you are just a super lucky person… What are the chances of that being true? Not Much.
Writing Abusiness plan is simply the process you'll use to organize your business goals and strategies. It is a written expression of your business ideas.
And, it also provides informationneeded for others to evaluate your business. A thorough business plan can help if you are seeking assistance from a financial lender.
It will let the lender know that you are serious,and also let them know that you are working and planning for your business to ultimately be successful. http://www.yourbusinesspal.com/writing_a_business_plan.html
It is myopinion that regardless of whether a business is seeking external funding or not they should have a business plan. A business plan keeps you focused and will help you become successful inyour day to operations as well as your long term goals and objectives. A business plan usually starts off with concepts and ideas; the plan is your ideas in writing-which will betterenable you to follow them. The plan will show anyone (stakeholders etc) that you are serious about success –and can show them the steps you have planned to have a successful outcome.