When you’re starting a new business venture a business plan is a useful tool to have. Despite what some might say it’s not essential and watching Dragons Den or The Apprentice you could be forgiven for thinking it’s a case of picking random numbers and adding a zero or 6 to give your 3-year plan.
But a good business plan can save you a lot of work or stop you making an expensive mistake. In my opinion a good business plan should make a sound and compelling argument for why you should start it.
A good article on business plans. Business link are always a good source.
My only slight reservation is don’t get carried away. If you spend too long putting the plan together you’ll use up all that new-venture energy and never get round to actually doing it!
Thanks for reading
Spencer