Why Make a Business Plan


A business plan is a description of the business you want to start. It is also a plan for how you intend to run and develop it.

After making a business plan you will have great knowledge of the business world - the world in which your future lies.

Preparing yourself 
The business plan gathers all the bits and pieces from the business preparations and your general life experience of relevance to your business. It contributes to a more well-arranged start-up – beneficial to the entrepreneur, his/her family, personal network, consultants, and sources of finance. 

Dynamic plan 
You should not see the business plan as the final statement for your business. Instead, you should see it more like a platform from where you gain access to the business world. It is a dynamic world so your plans for your business must be dynamic as well.

Working out a business plan serves many purposes:

Help structure and realise your visions
Gather knowledge and compelling information
Facilitate a framework for better business decisions
Convince family, banks and other investors that you are worth an investment
Proof of dedication
Base for better counselling from co-operators and sparring partners


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