Importance Of Writing A Business Plan

1858 Words 8 Pages
Register to read the introduction… They might think that they only start a small and simple business that only worked two or 3 employee and only sell their product or service in a small are of target market, so they do not need to write a business plan. Some of them also think that writing a business plan just waste of time. They think that after they start the business, they will write their business plan. Not before starting the business. A business plan only needed when the business is a multi national business or international business, or business that need lots of investment and worked hundreds of employees. This can be considering as the reason why people do not write their business plan first before they start their …show more content…
A SWOT analysis is a method of business planning which consider both the internal (Strength and Weakness) and external (Opportunities and Threat) economics environmental. It helps the business to understand their strength and weakness to develop the business and understand their opportunities and threat, so the business can has a great development of the products and services.
A business or companies must write their business plan first before they start their business. By writing a business plan first, the companies have a clear look for their business structure, need, cost, management, production, and future. A business plan can help the companies to achieve what the businessperson want to achieve and can develop into a better companies gradually according to the plan and it can double the gain of profit for planning companies.
That is why business plan is a very important factor for starting a business. The success of a company mostly depends to not only the entrepreneur or the labors or the products, but depends on the business plan. Because no clear business plans, the company does not have a clear vision where are they bringing the company. BUSINESS DO NOT PLAN TO FAIL, THEY FAIL TO
…show more content…
Soapy Rides has no true competitors that are trying to offer a high quality service for a reasonable rate. Most are trying to compete on price alone. Soapy Rides' ability to provide a high quality service, both in regards to the actual washing as well as customer service is all based on their ability to find the best employees. Hiring the best employees is cost effective because it decreases HR costs associated with turnover and other employee costs. Hiring the best employees and making sure that they are well taken care of ensures that they in turn take care of the customers. Study after study proves that a happy employee is far more likely to provide the highest level of customer service compared to an employee who is not happy and feels that they are being taken advantage

Related Documents