i am a young ambitous man that has plenty of ideas. but many say you need to propose a business plan. i have seen the software for it and it is very expensive. is it nessesary and if so what can i benefit from it.
2006-12-20 02:35:01 · 2 answers · asked by courisousgeorge 1 in Business & Finance ➔ Other - Business & Finance
The information provided allows anyone to see it to consider if it is a good enough idea in order to steal ideas from it.
If there are no great ideas to steal from it nobody cares.
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Just a plan to put into writing what the objective business goals are.
2006-12-21 21:37:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It forces you to slow down, think through your proposed business, anticipate problems, develop solutions to them, develop processes that your business will need to function, identify markets, resources, materials, funding needed, anticipated sales, cash flow, revenue, expenses, and personnel needs. Probably more, too.
History shows that something like 9 out of 10 businesses don't make it more than a year or two. Part of the reason for this is poor planning. Ambition is good, and it's necessary for a business to succeed. Planning and execution of the plan is at least as important. If you really want to have a business, and make it work, you need to be smart about how to start it, rather than just charge in and trust to luck that it'll work. Otherwise it's less painful to throw your money out a car window as you drive.
2006-12-20 10:44:09 · answer #2 · answered by Ralfcoder 7 · 0⤊ 0⤋