How to write a good workable business plan is something every entrepreneur needs to know. In the current world, businesses need to be made formal to attract investors and obtain business loans from banks. Here is a guide to what a business plan is and how to write it.
Importance of a good business plan
- A business plan will keep you focused on your project
- It is an important instrument in planning future activities
- It helps project cash flows into and through the business
- It is critical in securing finances from lenders and investors
- --Helps you think critically if you're ready for the business