“Someone’s sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffett
Without a road map you don’t now how to get to your destination. Without a business plan you won’t know the steps needed to achieve your goals. A business plan is an effective means of defining your goals and mapping out the the steps needed to reach them.
It spells out your why, your vision for your business and means of operation. Your business plan provides structure and objectives for your business and can be used as your reference tool to keep your business on track as your approach milestones. By working to your business plan, you substantially improve your opportunities for success.
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Structured business planning helps you to forecast and manage risk and communicates your vision to team and investors.