{"id":30500,"date":"2013-05-07T04:49:00","date_gmt":"2013-05-07T04:49:00","guid":{"rendered":"https:\/\/grapevinemsp.com\/2013\/05\/07\/why-you-should-have-a-business-plan\/"},"modified":"2013-05-07T04:49:00","modified_gmt":"2013-05-07T04:49:00","slug":"why-you-should-have-a-business-plan","status":"publish","type":"post","link":"https:\/\/grapevinemsp.com\/why-you-should-have-a-business-plan\/","title":{"rendered":"Why You Should Have a Business Plan"},"content":{"rendered":"

\"\"Even if you aren\u2019t starting out with a brand new venture, it\u2019s still important that you create a business plan \u2013 even if you didn\u2019t do so when you started your business. A business plan doesn\u2019t have any specific rules, and it doesn\u2019t even have to be written down. However, it does need to be \u201cconstructed,\u201d mentally or otherwise. Here are a few reasons why.<\/p>\n

A Business Plan Inspires When Things are Frustrating<\/strong><\/p>\n

Is the profit not as good as you thought it would be? Are you running into issues you didn\u2019t think you would run into? If you\u2019ve worked exceedingly hard to prepare a business plan, it\u2019s much more likely you\u2019ll actually implement it. After all, you’ve probably put some serious thought into a concrete plan that included research, your target market, financial projections and marketing plans. All of that time doesn\u2019t have to go to waste \u2013 let your business plan inspire you to keep going, even when it looks impossible.<\/p>\n

A Solid Plan Means More Financial Support<\/strong><\/p>\n

People who are looking to invest in your company, even banks, will often look at what you plan to do with your company before they chose whether they want to invest or not. You have to remember that you\u2019re \u201cselling\u201d your business to investors, and it\u2019s up to you for it to look appealing, even in the baby steps. It\u2019s not easy, but with the right business plan, it\u2019ll be a whole lot easier.<\/p>\n

Your Roots are Established<\/strong><\/p>\n

Think about all of the research and development you put into a well-thought out business plan. There\u2019s so much work there, we bet that you probably have a pretty good foundation for a successful business. And the great part is that you don\u2019t have to write a hundred pages or have graphs that show your business projections. A lengthy document won\u2019t really attract investors anyway \u2013 but a document that\u2019s easy, smooth, and straight to the point about the bottom line is sure to at least pique some interest.<\/p>\n

A business plan gives you a clear path, can be inspiring in frustrating moments, and can bring more money in so you can keep growing your business. There is simply no reason you shouldn\u2019t have one for your business.<\/p>\n

Used with permission from Article Aggregator<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Even if you aren\u2019t starting out with a brand new venture, it\u2019s still important that you create a business plan \u2013 even if you didn\u2019t do so when you started your business. A business plan doesn\u2019t have any specific rules, and it doesn\u2019t even have to be written down. However, it does need to be […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\nWhy You Should Have a Business Plan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grapevinemsp.com\/why-you-should-have-a-business-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why You Should Have a Business Plan\" \/>\n<meta property=\"og:description\" content=\"Even if you aren\u2019t starting out with a brand new venture, it\u2019s still important that you create a business plan \u2013 even if you didn\u2019t do so when you started your business. A business plan doesn\u2019t have any specific rules, and it doesn\u2019t even have to be written down. 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