Business plan before financial sources.

eojo2401

Active member
Business plan is a powerful documents that will guide and direct the business owner or manager on how to set up and run a newly established business. It is good to get yourself a good business plan before starting a business then make sure you follow it and make necessary adjustments when the needs arise.
 

Dekadet

Member
Write your reply.. Let me just summarize the whole business plan into one word, a map or a guide.

Yes that is what a business plan is to you either a map or a guide. It will guide you to start and move your business to the level you would envision or plan to get to.

Anything outside the plan must be thought out carefully before embarking on while all the things in the plan are all important and should be carried out without hesitation.
 

springtech

Active member
As much as money is very important in starting a business ideas are also much more important and expensive not very many people can generate ideas especially when it comes to business.
A man who know pinion and experience it is very important you considered business idea embark on a feasibility studies to see how lucrative the business is and to see the challenges in the business before you go out to seek for financial sources for the business the reason is that if you have enough money or capital before the plan you might be pushed by the money to make all necessary decision and may not have enough time to see the lucrative aspect of the business and also the risk assessments. Share your views.
The holy books says, have you see a man who intends to build a house without first sitting down to count his cost. This is what you call planning. So in essence wisdom demands that it is important to plan. There is a saying that good preparation prevents poor performance. Your performance and success rate is dependent on your level of preparation. Every serious minded business man needs to first put up a business plan, this shows you are serious about what you want to do, and that you know and believe in what you want to do. A good and well written business plan can be used to secure finance for the business. It gives details about the business, plans for growth, financial projections, line of business or products or services, business location.
 

Khezo

Active member
Yes, I do believe on as to know and decide on the kind of business he/she wants to open before going into the business. Just because you have the money to start any business at all doesn't guarantee the success of that businees. Make sure you do the feasibility study of that business before starting. Know the advantages and disadvantages of such business and what would make the business boom
 
D

Deleted member 27126

Guest
Financial resources determines the full implementation of your business plan that the business plan is without the financial backup it's useless so as good as you making your business plan ready you also work tirelessly to ensure there is finance to back it up immediately because with time things will change and may need to revalidate your plans.
Financial resources are very important but care must be taken to not make the mistake or jettisoning business plans while running after financial resources. The business plan teaches you the best way to deploy your resources in such a way they you will make adequate and sufficient profits. So before running after resources, have a good business plan first.
 

Ahmedo24

Verified member
There are a lot of things to be done before a business is started at all. The very important part of them is having a business goals, business plans. business plans are what highlight what your business goals are and they make it easy for you to conduct your business in the right manner. for financial resources, you can choose to either let your financial resources determine your business plan or you can choose to do otherwise.
Financial resources determines the full implementation of your business plan that the business plan is without the financial backup it's useless so as good as you making your business plan ready you also work tirelessly to ensure there is finance to back it up immediately because with time things will change and may need to revalidate your plans.
 

Irfan Aslam

New member
Regardless of whether business plans are necessary to own a business, before obtaining a source of financing or the reverse. However, in my view, I recommend that we first draw up proposals before looking at how to fund them. An person or organization may always request a business plan for loans. In a situation in which money is not available, the individual should therefore go for the plans before it is supplied.
 
D

Deleted member 27126

Guest
As much as money is very important in starting a business ideas are also much more important and expensive not very many people can generate ideas especially when it comes to business.
A man who know pinion and experience it is very important you considered business idea embark on a feasibility studies to see how lucrative the business is and to see the challenges in the business before you go out to seek for financial sources for the business the reason is that if you have enough money or capital before the plan you might be pushed by the money to make all necessary decision and may not have enough time to see the lucrative aspect of the business and also the risk assessments. Share your views.
There are a lot of things to be done before a business is started at all. The very important part of them is having a business goals, business plans. business plans are what highlight what your business goals are and they make it easy for you to conduct your business in the right manner. for financial resources, you can choose to either let your financial resources determine your business plan or you can choose to do otherwise.
 

Ahmedo24

Verified member
Anybody that wants to go into any business should first of all make enough plans and of course financial backup in case if there is any crisis. Any business that does not have a financial backup and plan will definitely not succeed. It is very important to make plan before you venture into business. At the same time financial backup is very important.
Business plans without financial backup is highly disastrous and depressing
, immediately you are fine tuning your business plan it is advisable should start looking for how best you can easily acess capital to finance the plan and start immediately. There are people that even write business plans for people on an agreed rate because that is their business
 

Chibson

VIP Contributor
Anybody that wants to go into any business should first of all make enough plans and of course financial backup in case if there is any crisis. Any business that does not have a financial backup and plan will definitely not succeed. It is very important to make plan before you venture into business. At the same time financial backup is very important.
 

Ahmedo24

Verified member
You have said it all . Having the right amount of finance to start a business is very necessary , however having the right business plan and strategy where the finance will be employed in is very Paramount. It is the business plan that makes the finance employed in to be fruitful . This is why entrepreneurs normally go for business feasibility study before starting a business.
that is just the most important thing with your good business plan and proper implementation of the business plan your finances will definitely be well accounted for and your business we have focus such that in a very short time the business break-even so business plan and implementation is very important.
 

Ahmedo24

Verified member
As much as money is very important in starting a business ideas are also much more important and expensive not very many people can generate ideas especially when it comes to business.
A man who know pinion and experience it is very important you considered business idea embark on a feasibility studies to see how lucrative the business is and to see the challenges in the business before you go out to seek for financial sources for the business the reason is that if you have enough money or capital before the plan you might be pushed by the money to make all necessary decision and may not have enough time to see the lucrative aspect of the business and also the risk assessments. Share your views.
 

Josemendez

Verified member
You have said it all . Having the right amount of finance to start a business is very necessary , however having the right business plan and strategy where the finance will be employed in is very Paramount. It is the business plan that makes the finance employed in to be fruitful . This is why entrepreneurs normally go for business feasibility study before starting a business.
 

Stah

New member
Well in my opinion the two is important. You can decide to have a business plan before sourcing the money or you can decide to have the money first before plan out your business plan but at the end of the day you need the two to start up a business . It is very important.
 

Succjay

New member
Someone once said something that when there is no money, he plans well but when the money is there he just ventures into anything and ends up losing it. I think the best thing is for you to draw your plan before sourcing for the financial aspect.
 

Augusta

VIP Contributor
This is one thing to get right before starting out in business. A feasibility study most be undertaken to be sure the business one is set out to do will be viable. There is no need dumping money on a business that will be total failure before it even began. Business plan needs to be carried out
 

Olajidey

Active member
Before you start a business, a business plan is the most very important thing to do whereby after a successful plan idea you can now execute the business even thou you stick ned capital but the most very important thing to do before you start a business is to have a good business plan to work on.
 

Asad Ali

Active member
Or there's stuff to be involved someone to launch a business venture.
If you do not prepare, you plan to fail to start a company, so that your preparation will help you make good use of the resources on the ground. When you don't have a plan when it comes to capital, you don't make it good, you can finish spending the money and do what you don't have a budget. And if you have the plan you can start and look for ways to increase the capital to start the business.
 

Haypril

Active member
Whether business plans before getting source of finance or the reverse, both are required to own a business. But in my own opinion, I will suggest that we map out plans first before sourcing for the way to finance it. A business plan can always be submitted to an individual or a company to acquire loan. So in a situation where by no money, then the person should go for the plans before sourcing for it.
 

btaliat

VIP Contributor
Plans must have come before you start source for money. The plans will even give you an inkling on the amount you need to start the business. The plan will let you know how best you can source the money for the business. When you have money and not business plan, you many end up spending the money lavishly. Before a business man starts any thing let the plan be there first.
 
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