Business Planning - Is it Really That Important?

When some people are starting up a new business they don't think that business planning is an important part of the process. Perhaps they have it all mapped out in their heads or are simply not planners. The question is - does it really affect their ability to do business? The simple answer is yes - having a business plan is essential for new businesses, for several reasons.

First of all, once your business gets rolling there will be a ton of decisions to make. These mini crisis' will come at you faster than you can handle. If you have a business plan set out in stone, you'll be able to focus on getting stuff done - not what to do in the first place.

Another reason it's important is that it helps you to accurately chart your progress. There are so many different variables that come together to make a business successful. If you have specific benchmarks in writing that you need to achieve by certain dates, it's much easier to make sure that you're right on track. Without a plan to plot this progress, you might not notice until it's too late that part of your business is failing.

You can see that business planning is indeed important to getting a good business off the ground. The process might seem overwhelming but it really isn't. You can find tons of tutorials and examples online. All you have to do is plug in the specifics of your own business and you'll have an instant plan that you'll feel comfortable sticking to.

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