Business Plan     

Q.    Do I need to write a business plan?

A.    Yes, you do.  Of course, you can start a business without a business plan.  But you will have difficulties in raising finance or accessing support from banks or Enterprise Boards.

Even if you don’t need finance, a business plan provides an invaluable framework for planning how your business will proceed and later as a benchmark for assessing the health of your business.  It ensures that you know what is going on in all aspects of the business and have a method for seeing how the activities interact.

Successful entrepreneurs will tell you that planning is 90% of the effort required.