Planning is an important issue faced by everyone. When we decide to do something, we must plan first and set a schedule when we start it, if not we will don’t know how long of time or what kind of resources we must use to achieve our goals. So, as a good manager, they must proficient in planning like allocating the resources and set a schedule. All the employees, money and the time that available are include as company resources that can use and allocating by manager. If without planning, the ...view middle of the document...
The planning process forces managers or entrepreneurs to understand more clearly what they want to achieve, and how and when they can do it. Even if no external support is needed, a business plan can play a vital role in helping to avoid mistakes or recognize hidden opportunities. It is much easier to fold a sheet of paper than a business.
For many, many entrepreneurs and planners, the process of planning (thinking, discussing, researching and analyzing) is just as, or even more, useful than the final plan. So, even if you don't need a formal plan, think carefully about going through the planning process. It could be enormously beneficial to your business.
Anticipate many weeks of hard work and several drafts of the emerging plan to get the job right. A clearly written and attractively packaged business plan will make it easier to interest possible supporters, investors etc. A well-prepared business plan will demonstrate that the managers or entrepreneurs know the business and that they have thought through its development in terms of products, management, finances, and most importantly, markets and competition.