A business plan is like a guide, a prospect, or direction of the business especially for a business that is about to kick of. It is expected that before you open a business, you must have drawn a proper plan for the business, how you intend to start and where you hope to be in the future. A properly constructed business plan takes into consideration the capital(loan or savings), location, expenditure ( includes salaries, cost of equipment and daily running) and much more. A business plan is not only for the onset of the business as it can be used as a roadmap as the business progress and to monitor improvement and direction of the business. A proper business plan can keep you in check in terms of spending and enable you plan for future expenses. CONTINUE @ www.naijasphere.com/consider-drawing-business-plan/