Importance for a business to own a business plan.

[Axis]

It is absolutely very vital for businesses to have business plans that the back of their business activities and practices in order to know where and when they are doing the right thing or possibly when they are not doing the right thing and need to adjust. For an individual to grow a successful and prosperous business he or she must have a business plan and it is not necessary for a business plan to be written because sometimes it could be oral. Oral business plan are usually chosen by small-scale businesses but written business plan are always chosen by a large business Enterprises. Whatever category of business plan you choose to adopt for your business it is a must that the business plan must be valid and effective.

The effectivity and validity of your business plan totally depends on how effective and efficient it is to help you achieve expected business goals and objectives. When you see a business organisation becoming successful in its practices, possibly with customers and clients there is only wants us to that which is the fact that the business plan of that business organisation is totally concrete and effective.

 

[Rubz]

Well, i don't know a lot about business, but i feel it's necessary for a business plan to be written. It doesn't matter if the business is small scale or large scale, just feel a business plan should be written down.
Anyways, a business plan is a very essential part for the growth of a business. A business that do not have a business plan is likely to fail. There's a saying in my country that goes like this "when one fails to plan, one plans to fail".
This means that when one doesn't have a business plan, one could already be planning the failure of one's business. A business plan often contains important information like; the estimated amount of capital needed to start up a business, the amount of funds needed for the growth of the business, the number of workers to employ and other important stuffs.

 

[Miki1]

To start a business you need to draw a business plan that will guide you in running your business successfully. Your business plan will help you do things right and manage your the business effectively and also understand what you're doing in order not to run into loses. Without that plan, business people tend to doing things anyhow and this can be risky for your business growth