Entrepreneurs are a lively bunch, brimming with optimism and belief in the premise behind their businesses. Their interests tend to lie in creating the product or service they are going to sell and convincing their customer base to buy it. For many of these busy business owners, creating a business plan seems unnecessary. We’ve heard comments like “Plans are limiting” or “My time needs to be spent growing revenue.”
However, a formulating a business plan can offer many advantages. Entreprenuer Contributor, Tim Berry, outlined 10 benefits to having a robust plan for your business:
Did you take the time to create a business plan when you started your business? If so, how was it helpful? If not, do you wish you had?