Business Made Easy Podcast

The Importance Of A Business Plan Before You Start Your Business

08.09.2018 - By Jason SkinnerPlay

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It is common and normal to get excited about starting your very own business. Maybe you’re passionate about a particular project or area that you think would make a great business. Maybe you have just always wanted to be your own boss and have some freedom in your life. Whatever the reason you should always start with a well researched business plan. The importance of a business plan can not be overestimated when it comes to starting and running a business. A good business plan will: Explore the viability of your business idea Explore the opportunities that exist in your selected market Prevent you from making costly mistakes Prevent you from entering into high risk transactions Give you clarity and transparency about what you are signing up for. Ensure you are entering into a commitment that will achieve your goals both personally and financially

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