7 reasons you need a business plan
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A business plan provides 7 key benefits: 1) Clarity in thinking about your business idea and goals; 2) A deep understanding of your target market; 3) Pulling together all relevant business information in one place for tracking progress; 4) Testing the viability of your financial projections; 5) Aligning goals for team members; 6) Holding yourself accountable to your long-term strategy; 7) Refining your business message for investors and customers. The document recommends writing a business plan to gain these benefits and provides a link to join a free online business growth course.
7 reasons you need a business plan
- 1. 7 Reasons You Need A Business Plan
- 2. Looking to grow your business? Join our free business growth course at: www.businessgrowthworkout.com
- 3. 7 ReasonsYou Need A Business Plan from bigredtomatocompany.com A Business Plan Gives You
- 4. 1. Clarity In Your Thinking Writing a business plan allows you to think more clearly about what youre trying to do and what youre hoping to achieve. Which in turn will make it easier to explain your idea to others. Join our Free Business Growth Workout at www.businessgrowthworkout.com
- 5. 2. Gaining a Deep Understanding of Your Target Market Taking the time out to research your business plan idea will give you a deep insight and understanding of the industry or market youre looking to enter way before you actually commit to entering it. Join our Free Business Growth Workout at www.businessgrowthworkout.com
- 6. 3. Puts The Right Things In The Right Place A business plan pulls together all the relevant bits of information in one place such as revenue targets, expense projections, the goals for your business and the route map to get you there. Making it easier to keep track of your progress as well as keeping you focused on the long term plans for your business, all in one piece. Join our Free Business Growth Workout at www.businessgrowthworkout.com
- 7. 4. Testing out Your idea When you document your ideas and create your financial model, youll discover whether it really is possible to hit the revenue and profit targets without risk to you. Join our Free Business Growth Workout at www.businessgrowthworkout.com
- 8. 5. Aligning Goals Writing a business plan is a great way to make sure that everyone is on the same page with the current and future plans for the business. If youre part of a team rather than flying solo, its imperative that all of the team are all on the same page and agree how theyll work together on moving the business forward. If you cant agree on the where youre heading then you will probably find you wont get where you wanted to go. Join our Free Business Growth Workout at www.businessgrowthworkout.com
- 9. 6. Holds you to account A business plan allows you to articulate your vision for your business as well as your plans to get you there. Going through the actual process of typing the words under each heading in your business plan forces you to think about creating a long term strategy for the business. Once you have answered all the questions in the business plan and laid out your timescales, it provides a simple way to track your progress and hold yourself accountable. Join our Free Business Growth Workout at www.businessgrowthworkout.com
- 10. 7. Refining your message A business plan is a good way to describe what you do and more importantly what you do not. The very process will force you to understand who your competitors are and describe your strategy for achieving your goals. This very process will help you communicate your message to investors, employees and customers in a much more structured and effective way. Join our Free Business Growth Workout at www.businessgrowthworkout.com
- 11. Read The Full article at: http://bigredtomatocompany.co.uk/posts/7-reasons-you- need-a-business-plan/ Join our Free Business Growth Workout at www.businessgrowthworkout.com