When you’re starting a new business venture a business plan is a useful tool to have. Despite what some might say it’s not essential and watching Dragons Den or The Apprentice you could be forgiven for thinking it’s a case of picking random numbers and adding a zero or 6 to give your 3-year plan.
But a good business plan can save you a lot of work or stop you making an expensive mistake. In my opinion a good business plan should make a sound and compelling argument for why you should start it.
My only slight reservation is don’t get carried away. If you spend too long putting the plan together you’ll use up all that new-venture energy and never get round to actually doing it!
Thanks for reading