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 4008 days ago
Made Hot by: Webdev1 on May 10, 2013 12:25 pm
Who Voted for this Story
-
amabaie
-
Sian Phillips
-
bigmoneyweb
-
AngelBiz
-
BizRock
-
ScottDudley
-
LadySophy
-
matthew43
-
mikehartman1
-
steefen
-
tcamba
-
tiroberts
-
Digitaladvert
-
seobromino
-
deanuk
-
sophia2
-
OpenSourceMedia
-
Webdev1
-
sundaydriver
-
logistico
-
ObjectOriented
-
kingofcontent92
-
NanoTechnologyMedia
-
Sumita Das Dutta
-
Richardwhite
-
Carol_Amato
-
LisaWoods
Subscribe
“Adam: Adding to the list: Inleed in Sweden! ;)...”
“Lisa: Thanks for your nice words! It is available on my podcast host for...”
“Love the title Martin, where is it available?...”
“Yes, it's quite the new term Martin. But it's been around for a while....”
“Automation is a broad topic but I like ConvertKit for emails and SocialBee...”
Comments
4006 days ago
3938 days ago
4008 days ago
Thanks for sharing this article!
3938 days ago