Why Do We Need A Business Plan? [Infographic]

We’ve all heard that before you start a business you should put together a business plan. And while this is sold advice, the business plan is, unfortunately, often under valued or even overlooked by many who start their businesses.

To help show you the importance of having a business plan, take a look at this infographic to see why you need one for your business.

Why Do We Need A Business Plan?

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<p><strong>Please include attribution to www.opstart.ca with this graphic.</strong><br /><br /><a href=’https://opstart.ca/wp-content/uploads/2017/01/Infographic-Why-do-we-need-a-business-plan.png’><img src=’https://opstart.ca/wp-content/uploads/2017/01/Infographic-Why-do-we-need-a-business-plan.png’ alt='[Infographic] Why do we need a business plan?’ width=’800px’ border=’0′ /></a></p>

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<p><strong>Please include attribution to www.opstart.ca with this graphic.</strong><br /><br /><a href=’https://opstart.ca/wp-content/uploads/2017/01/Infographic-Why-do-we-need-a-business-plan.png’><img src=’https://opstart.ca/wp-content/uploads/2017/01/Infographic-Why-do-we-need-a-business-plan.png’ alt='[Infographic] Why do we need a business plan?’ width=’800px’ border=’0′ /></a></p>

As you can see, the business plan is not just for starting a business, but also for managing growing, and eventually exiting your business.

Conclusion

Your business plan is a dynamic document that helps guide you through the various phases of your business venture, and is a useful tool to help you navigate and keep your business on track. Don’t overlook or neglect this valuable tool that can help you achieve your goals!