Often times, small business owners might feel that because of the size of their business the need for a business plan is minute. All businesses, especially smaller businesses without strong investors of financial backers need a well thought out business plan.
Without one how will they forecast growth, understand their competition, set reasonable goals and objectives or know where they might be facing potential challenges?
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I’ve been quite vocal with my concern that farming your business plan out is usually a bad idea.
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Not every business owner has the time or knowledge to devote to the business plan writing process.
In fact, for many entrepreneurs it could be considered unreasonable to expect them to even know where to begin.
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