why do you need a business plan if you make your own products at home? Is a business plan necessary?

Answer 1

Whether you're knitting scarves in front of the TV to sell at craft fairs, or you have thousands of workers in a factory, a business plan is still important.

It will give you a goal for your business. What type of success do you hope to achieve? How will you be re-investing your profits? How will you grow?

You could write yourself a simple plan, and see how your business does. As your business grows, you may want to change or rethink your original goals. But you should have a plan and a goal in mind.

Good luck!

Answer 2

If you want a business that prospers you need a plan. With it you can make growth forecasts, budget and see exactly how you business is doing as you compare it to the actuals.

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Answer 3

If you start your own business and need to borrow money from a conventional lender, they will most likley want to see a business plan. It's a lender's way of evaluating the level of potential success of your business and gauge the risk of the loan.

Answer 4

A business plan is always a good idea. It gives you structure and goals. Without it, you can find yourself floundering in too many directions, with no clear concept of what you are trying to accomplish.

Answer 5

i am going to advise you to plot an commercial frame of mind on your company. right now initiating a clean company isn't that huge mission yet certainly mission is to promote that company in a more effective acceptable way. commence a company which has scope on your section. anytime someone thinks to commence new company first he/she could evaluate section (usa, state and objective customers) then make a suited frame of mind for brand new company.

Answer 6

Only if you want to succeed.

Answer 7

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