Do you need a strategic business plan to begin a new venture? The answer depends on how you define a business plan. Every business must have a plan to begin with; but this does not mean that it has to be in a written format. Even a mental construction of a plan can serve as the foundation for your new business.
A study titled the “Pre-Startup Formal Business Plans and Post-Startup Performance: A Study of 116 New Ventures” by the researchers at Babson College displays the fact that there is no significant result in the success of a business started with a strategic business plan and that of a business started without one.
3 Reasons That Make a Strategic Business Plan Essential
Posted by Richardwhite under StartupsFrom http://smallbiztrends.com 4200 days ago
Made Hot by: Webdev1 on May 10, 2013 12:25 pm
Who Voted for this Story
-
Richardwhite
-
matthew43
-
amabaie
-
ScottDudley
-
BizRock
-
Sian Phillips
-
tcamba
-
bigmoneyweb
-
tiroberts
-
AngelBiz
-
Carol_Amato
-
Sumita Das Dutta
-
Digitaladvert
-
mikehartman1
-
deanuk
-
seobromino
-
sophia2
-
steefen
-
LisaWoods
-
NanoTechnologyMedia
-
logistico
-
kingofcontent92
-
ObjectOriented
-
sundaydriver
-
Webdev1
-
LadySophy
-
OpenSourceMedia
Subscribe
Comments
4198 days ago
4130 days ago
4200 days ago
Thanks for sharing this article!
4130 days ago