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Essay text:
Businesses need plans to optimize growth and development according to priorities.
Why to have a business plan
A business plan is like a map and a compass for a business. Without it you’re travelling blind. With a plan you set objectives, establish priorities, and provide for cash flow.
You need a business plan if you’re looking for business investment.
The plan won’t get you the investment, but not having a plan will mean you won’t get investment. Investors require a business plan. They invest in the people, the idea, the track records, the market, the technology, and other factors; but they look to the business plan to define and explain the business...
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