Business owners tend to start a business and not write a business plan. Usually writing a business plan is the last thing on an entrepreneurs mind because entrepreneurs are ready to hit the ground running.
Also, many small business owners do have a business plan in their head but not on paper.
According to bing.com, the definition of a business plan is a plan of future strategy: a plan that sets out the future strategy and financial development of a business, usually covering a period of several years.
As a business advisor, I like to refer to a business plan as a road map for the entrepreneur. Plans tend to help businesses steer in the right direction.
Yogi Berra once said, "If you don't know where you are going you might wind up some place else."
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Victoria Advocate | Business Tip: Why a business should write a business plan?:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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