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What is the importance of Business Plan and who should write it?

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  • What is the importance of Business Plan and who should write it?

    Hello Friends..............

    Can anyone tell me the importance of business plan and who should write it?

    Thanks
    Packers and Movers in Chandigarh

  • #2
    Re: What is the importance of Business Plan and who should write it?

    It applies to all aspects of the business and is relevant to the conduct of individuals and entire organizations.
    __________
    PPC Management
    PPC Company

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    • #3
      Re: What is the importance of Business Plan and who should write it?

      Business Plan is very important as it tells you what and how will your business work and be take ahead.
      Business Plan is made by the owner and by the other core members of the team.
      It is made by keeping in mind the work pattern, the work type and the work duration.
      It is very important to keep a track on the Business Plan and make sure everything is going accordingly.
      Small Business in India | Buying Leads | India Finance

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      • #4
        Re: What is the importance of Business Plan and who should write it?

        A business plan is important for every business to have. It is basically the blueprint of a business. It explains what the business is all about, what your plans are for the future, cashflow, and everything important that relates to your business.
        Gary Barzel Manager of Business Development
        FastUpFront: Business Cash Advance and Small Business Loans Company
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        • #5
          Re: What is the importance of Business Plan and who should write it?

          A business plan is like your plans for what you want to accomplish and how you want to accomplish them. I saw the phrase blueprint for the company mentioned above and that is about as point blank as you can get.

          It is usually made by the owners or people in charge/running the business.
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          • #6
            Re: What is the importance of Business Plan and who should write it?

            When turning to investors for investment in your company, you should give the potential investor the peace of mind to feel comfortable about your company before they invest in your venture.

            A Business Plan is the foundation, or rather a springboard, towards the establishment and growth of a new business, particularly in the later stages of growth. A business plan is an essential tool for companies raising capital - and your business plan needs to be investor ready.The business plan document should be professionally prepared to meet the needs of the Venture Capitalists. In your business plan, you should be able to see your own project through the investor's eye. Your plan must be able to answer all the concerns of a potential contributor.
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            • #7
              Re: What is the importance of Business Plan and who should write it?

              US News ranks Harvard and Stanford tied for first, followed by MIT and Northwestern.
              Source(s):
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              • #8
                Re: What is the importance of Business Plan and who should write it?

                If you should do it and is very important. After a good plan you might find that you can not afford to do the business.

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                • #9
                  Re: What is the importance of Business Plan and who should write it?

                  A business plan is also very useful if you are looking to raise cash from banks or financial institutions. In my experience, if you are looking to get a loan for a business then the bank will generally want a reasonably detailed business plan written by the business owner with potentially some input from a finance professional with a cashflow/budget.
                  Neil D

                  CEO
                  Affordable Small Business Website design | French Homewares Sydney| Cool Wallets

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                  • #10
                    Re: What is the importance of Business Plan and who should write it?

                    Business plan helps you get those important tasks done on time and helps to focus the appropriate amount of time and energy towards other important goals.
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                    • #11
                      Re: What is the importance of Business Plan and who should write it?

                      A business plan...depends on why you are writing it. A plan to secure investor funding or a loan is different than an operational business plan that is a plan for running the business. The reason you write an operational business plan is to map out all aspects of the business, where you want to go and how to get there. If you are a larger entity and have managers each department head should write their own piece of the business plan once the big strategic goals for the business are identified. Then their piece should be massaged and worked into the rest of the business plan. If you are a smaller organization they the president/owner should write it.

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                      • #12
                        Re: What is the importance of Business Plan and who should write it?

                        Hi,

                        I agreed with you. Any way, your points of view make me thinking about some thing for my project.

                        Pls try to keep posting. Tks and best regards

                        Apart from that, you also can ref more resources at:

                        Best rgs
                        Last edited by topconlacj; 10-30-2011, 09:19 AM. Reason: Update

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                        • #13
                          Re: What is the importance of Business Plan and who should write it?

                          Depends on the reason you are writing a business plan. If it's for investor funding or to secure a line of credit the focus of the plan is slightly different than if you are writing one to build and run your business. The second one includes details of every aspect of your business from financial to sales to staffing to processes and more. And it not only includes the goals but the steps and milestones to achieve those goals.

                          Who should write it again depends on the purpose and size of your organization. The president/owner should write it for the investors. If it's more of an operational plan and you have department heads each of them should write their individual component, based on the board corporate goals and then the senior executive should aggragate those pieces into the masterplan. If you don't have department heads then the owner/president should write

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                          • #14
                            Re: What is the importance of Business Plan and who should write it?

                            Business plans are one of the tools to success for small business.if you started your business at home, then you can write it on your own or hire someone. if you have started your business with friends, then you all can do it.
                            OSHAcampus.com

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                            • #15
                              Re: What is the importance of Business Plan and who should write it?

                              Business plans is very important in every organisation. It helps to accomplish our targets.
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