Writing a business plan will save you time and money.
I completely understand this statement now that we are writing our own business plan. A business plan is so in depth. Anyone can say "oh I want to start my own nail shop," but you have to think about all the aspects you need to have a profitable nail shop, rather than wasting your time and money. Before you start your own business you need to think about your road map to success, your history and plan for an organization and meeting the needs of various audiences. If your business plan looks like a failure, more than likely your business will not be successful.
Sometimes you find out indeed that the numbers won't work, i.e., costs and sales won't match up. Other times you find out how the demand will likely pan out. It is not meant to lock you in, but give you a good investigative tool.
ReplyDelete