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How important is it to write a business plan BEFORE you start

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  3. How important is it to write a business plan BEFORE you start
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Anonymous
2016-02-21 22:29:49 Post No. 1104515
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Anonymous 2016-02-21 22:29:49 Post No. 1104515 [Report]
How important is it to write a business plan BEFORE you start your business?

I'm thinking of starting my own fabrication business, but am wondering whether I should write a business plan straight away or see whether I can get some customers first?
>>
Anonymous 2016-02-21 22:51:54 Post No.1104549
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Anonymous 2016-02-21 22:51:54 Post No.1104549 [Report]
It depends on how much you intend to invest in it, also time-wise.

If it's just a couple hundred dollars that you dont mind losing you can do what you want. But if you have to set uo a business, get a loan and and so on you should consider and overthink the situation carefully. So there are no surprising that you havent considered. It's mostly a tool to aid you, but also a means to sell your business to others.
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