Starting a business without a business plan is just as risky. That's why, writing your business plan is necessary to start your business.
Yet, unlike a house, a business isn't static. We often make a mistake of thinking of a business plan as a single document that you just put together when you're first starting out and then set aside.
Something to check off the to-do list and be done with.
However, in actuality, a business plan for any business will change over time as the business develops, and any particular business may have multiple business plans as its objectives change.
In the growth phase, an updated business plan is useful for forecasting or raising additional capital for expansion.
If you decide to sell or close the business, the business plan can include strategies and timelines for the transfer to a new ownership or dissolution of the company.
Writing a business plan is time-consuming, but it's essential if you want to have a successful business that's going to survive the start-up phase.
Baca Juga: Jawab Soal Bahasa Inggris Kelas XI, Final Test Reading Section No. 9-12
If your business doesn't have one, maybe it's time to start writing it.
The process of writing a business plan can do wonders to clarify where you've been and where you're going.
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