2006-06-16 05:06:02 · 4 answers · asked by Krishan T 1 in Business & Finance ➔ Investing
very - it enables you to raise money by showing finance companies what you want to do with what they lend you.
The other major use of a business plan (what we in Britain call a Corporate Plan) is so that you can measure how you are doing compared to what you thought you should be doing. If figures are not matching up, why not? Are sales down? Are outgoings much higher than expected? Why?
A business plan helps you to spot any problems when they are molehills and not when they become mountains.
People who think they are not useful tend to run companies into the ground - or not have a business at all!
2006-06-16 05:13:07 · answer #1 · answered by Anonymous · 2⤊ 1⤋
if the business travels a lot than you don't have to travel on any ones time. Meaning if you want to fly at 2am and there are not any flights until 7am than it would be better if you have your own plane. Most if not all airlines will stop in the hub for every flight. Making most flights non direct. Like an Air Canada flight from Kansas to South America will go, Kansas, Toronto, and then Lima. If you have your own plane you can skip the stop overs. But it is very expensive to operate a private plane.
2006-06-16 05:13:12 · answer #2 · answered by Lara 2 · 0⤊ 0⤋
It can be a foundation for your goals and philosophy. It can get you back on track if you stray. Also, if you bring people in to your business in the future, it can help them understand why the business began and what its primary objectives are.
2006-06-16 05:10:39 · answer #3 · answered by MissSubversive 3 · 0⤊ 0⤋
If you don't have a destination in mind, how are you going to know when you get there?
Every major endeavour starts with a dream (plan) and ends with a team.
2006-06-18 22:12:46 · answer #4 · answered by Piet Strydom 3 · 0⤊ 0⤋