Whether you’re training for a marathon or have a dream of taking your business public, one of the most essential tools to success is writing down your goals. A business plan can help visualize every aspect of making your business successful. It tells you if your business makes sense or is viable. It helps you get financing. It communicates to the rest of your team (assuming you aren’t going it alone) what is expected of them now and in the future.
If you’ve already started your business, but haven’t written a formal business plan, the time to do so is now. Though, much of this advice is focused on entrepreneurs before they start their journey.
To read the original article: The Most Important Elements of Your Business Plan
