#1: Conceptualization: business plan takes your ideas from your head to paper.

#2: Presentation: business plan makes it possible to present your business idea to potential investors and those that have interest in your business.

#3: Feasibility: business plan will tell you if the business is viable and workable or not. It will also show how other business in that sector is performing.

#4: Identify Market: through your business plan, you can clearly identify the market where your product will be sold. The market is also the customers that have need for your service.

#5: Set Vision and Mission: with your business plan, your business will have a vision and mission. The vision is where your business seeks to be in the future and the mission is what your business needs to do to get to its vision.

#6: Clear Definition: business plan helps you define your business in terms of what goods/service the business will want to produce.

#7: Seeking Loans: business plans makes it possible to seek loans from banks and secure funds for your business.

#8: Presents Insights: your business plan is done after market research on the sector, it shows indicators of the market, market characteristics, trends etc.

#9: Presents Strategies: with your business plan, you have access to information that will help inform your market strategy descision and keep you afloat/ahead in the market

#10: Shows Cash Flow: from your business plan, you have access to information about possible cash flow from the business. Hence you can forecast your profit and the period it will take to break even.

#11: Show Business Requirement: what does it cost to start you business? What facilities do you need? This will all be revealed in your business plan.

#12: Reveals your SWOT: every business has its strengths, weakness, opportunities and threats, this information is contained in your business plans.

#13: Show Management Structure: what kind of team is efficient for your business? How can you manage the business team? This will feature in your business plan.

#14: Reveal Best Location: where is the best location for your business? Should it be located close to one area? What should be considered? These will be answered in your business plan.

#15: It streamlines your decision: if you have multiple business ideas, then you need multiple business plans. If you have two ideas and don’t know which one to choose, then get two business plan then you can compare the two and choose. With business plan, your entrepreneurship and investment decision is streamlined for you to act.

Sky Research Consult offers professional Business Plan writing services for startup and existing businesses. With our market research networks and synergy, we deliver your business plans anywhere and anytime at subsidized rates. Order Now: Whatsapp: +234-706-818-0074 or Visit: www.skynigeria.com

Great write-up.

thanks ricks...