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3 reasons to have a good business plan in 2015

AM Total Business Solutions Ltd - www.angelarmorris.com

By Angela Morris

3 reasons to have a good business plan in 2015

 Business plan

You have a good business idea but no business plan?? You need  a plan and not just any plan, but a good business plan!

There are many reasons why you should have a good business plan.  There are lots of debates around whether it is worthwhile having a business plan. Some may disagree but personally, I struggle to see your vision when it isn’t documented anywhere! I will give you some food for thought and you can decide for yourself whether you think it is necessary or not. So here we go…..

3 reasons you need a good business plan:

  1. It demonstrates that you are serious about your business– there is no point saying “it’s all in my head!” When I hear people saying this, a voice in my head says either:-

(a) This person is very lazy,

(b) They are not serious

or

(c) They don’t know how to do one

You go ahead and choose the appropriate answer. If you don’t know how to do one then ask for help. If you’re not really serious about business best get off the bus now!

 

  1. It demonstrates that you can think strategically about your business-when you are able to explain what you are doing, where you are going and how you plan to achieve it, you are likely to attract interest to your business and who knows where that could lead to! Just suppose a crowd-funder came to see you and said “I have £30k I am looking to invest in a start-up or up and coming company, I heard your name mentioned and would like to see your plans” What would you do? Hopefully pull out your well-presented, business plan, show him (or her), get the money and run!

 

  1. It demonstrates that you understand that circumstances, income, outgoings and people are subject to change and that you are prepared to deal with the unexpected! In other words you are mature enough to recognise that everything is subject to change and you need your business plan to be flexible enough to keep going or recover!

I therefore invite you to make it a goal to create a good business plan in 2015. Why? Because…

 

Life’s too short!

Further reading

Further reading:

The importance of having a Business Plan

5 Reasons why you need a business plan

Having a good business plans

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