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I Cant Believe New Business Owners Believe This

Mythe is :
If I'm Not Seeking Funding, I Don't Need a
   Business Plan

False! 
Every business, even small home based businesses, needs a business plan. What most people think of as a business plan prevents them from ever getting one written. Well, don’t be intimidated anymore.
A business plan is a road map – your road map.  You will use it to direct the course of your business venture for as long as you own it. It will be your “go to” guide and the document you reference most frequently.
Why? Because you’re an entrepreneur and planning your business is your most important job.
Leading business experts from around the world all agree that business owners need to spend at least 25% of their time planning their business (rather than running or managing them.)
If you don’t plan it, who will?
If you don’t plan it, how do you know where you’re going?  How will you know when you get there?
The foundation of your planning efforts and exercises is your business plan. Now it doesn’t need to be prepared formally for a bank or funding institution, but it does need to be organized in a manner that’s effective for you. You’re going to want to use it regularly to review your progress, to evaluate your strategies and to modify it as your goals change. 

What does a business plan contain?
 
•    Mission statement
 
•    Vision statement
•    Target audience
•    USP
•    Marketing strategy, goals and tactics
•    Product or service plan
•    Business model
•    Competitive analysis
•    Strengths, weaknesses, opportunities and threats assessment
•    Investment information
•    Budget
•    Financial goals





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