Too many people don’t bother to write a business plan because they think it’s too hard or unnecessary unless you’re looking for funding, that’s a shame. These myths keep a lot of people from the benefits of planning.
If you’re still skeptical, here are 10 benefits to business planning you shouldn’t be overlooking:
You’ve got a killer new product or a service that will have the world beating a path to your door. But is it really something people want? Or is it just something you think they want?
Having solid information about what your customers want to buy — rather than what you want to sell them — can save you hundreds of thousands of dollars, as well as peace of mind and sanity.
“Most people in Belize recognize the need for more entrepreneurship in the country…..especially since unemployment and poverty have reached such high levels.
Many have chastised the education system….claiming that it focuses more on preparing student to find jobs….instead of becoming self-employed….and creating jobs for others.
In my mind….entrepreneurship has two components (1) the ability to identify a potential benefit from taking a potential risk, and to calculate whether the gain is bigger than the risk (2) the ability to convert thoughts into actions….to do things with a degree of self-confidence and self-esteem, to the satisfaction of self and others.