Venture capitalist and Silicon Valley pioneer Eugene Kleiner
once stated that writing a business plan forces you into disciplined thinking. An idea may sound great, but when you put down all the details and numbers, it may fall apart. Business plans are very important and here are 4 reasons why:
- To make sound decisions. A plan well documented faces a much higher chance of successful execution than once not documented.
- To raise money. A mere description of your business will not help here. A well documented plan coupled with a financial plan demonstrates the likelihood of success.
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