BUY WITH CONFIDENCE
DESCRIPTION
Why is a Business Plan Important?
• It forces management to think through the proposed business in detail and to consider tradeoffs
• It enables management to plan company growth and to anticipate changes in a structured way
• It allows goals to be set, against which the project's and participants' future performance can be measured
• It states what the venture will not accomplish
• It enables quick and objective decision making
• It is a persuasive argument for investment funds
• It commits the management team to a common set of goals, and contains a blueprint for achieving those goals
• It becomes a vehicle for communication
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Source: Best Practices in Business Plan Development PowerPoint Slides: Business Plan Fundamentals PowerPoint (PPT) Presentation, Documents & Files
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