Advantages of Business plan to a business

Advantages of business plan to a business

  • Enhances communication in a firm
  • Helps determine the amount of finance required
  • Helps identify the strengths and weaknesses of the business
  • Used to evaluate performance of the business
  • Used to attract external funding.
  • Tests business ideas on paper.
  • Proper allocation of business sources
  • Motivates workers and management

benefits of writting a business plan

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