Top 3 Reasons Why Business Planning Is Important
by Moira Chin
Planning is imperative for all business enterprises. If an entrepreneur aims to grow his business and succeed, then planning is more than necessary - it is a must. It provides a game plan; serves as a metric for success; and helps the business allocate its limited resources. Entrepreneurs who fail to plan would have a difficult time adjusting to changes in the business environment; have a hard time sensing any trends and opportunities; and would have rough time for being always on the defensive stance against competitors' who plan. Planning is therefore a very important exercise.
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