Many start up entrepreneurs had the words 'business plan'; it means they have to stop the creative process to write down their ideas. Who would want to do that. Here are a few reasons why you want to:
IT'S NOT FOR YOU.
First, contrary to what most people think, your business plan isn't for you; it's for others. You know what you're going to do already. If anything your business plan with just reconfirm that. Other people need to see your vision even if they are not visionaries and a business plan helps that.
HOUSTON, YOU HAVE A PROBLEM.
Secondly, there's just something about writing down your plan, or strategy, that makes you think about your process from head to toe. You will be forced at that moment to work out any problematic areas your idea may have – be it financial or legal. You will want to have solutions to these problems before you walk in the meeting and get roasted. 😂
DO YOU EVEN LIFT, BRO?
We hear it all the time, people that say have a certain skill or trade and they really don't. When you slap your business plan down on the table fewer people will doubt you then. Imagine being a banker that is considering giving you a business loan, but you don't have a plan… it ain't gonna happen. People need to know that you really intent to do the things you speak about. You have to show that you are committed.
Get one. 😂
I gotta get back to work… Let me know if you have any questions, and drop a comment below.
– Quentin B. Smith