Why is a Business Plan Important?

There is one thing that all business experts can agree on, and that’s the importance of having a business plan; however there are plenty of companies who plunge into the competitive world of business without a formal plan. A lot of businesses figure that their passion and optimism are enough to build a successful company. But operating without a plan can prove even more time consuming in the long run.

A business plan is more than a document that tells what the future might hold for your company, it can help you think realistically and objectively about your business and how it’s currently evolving and continues to grow into the future. A business plan is also very important when applying for financial funding, it helps buyers and investors understand what your business has to offer, what it’s worth and why should they want it.

The Carlow Local Enterprise Office will be running a 1 day programme for Developing Your Business Plan to entrepreneurs and to those who are thinking about starting their own business. A business plan is a guide that describes your business, the market it operates in, its goals and the strategies you have in place to achieve these goals. Creating a solid business plan is the first step towards success in your business venture. A business plan is important for all businesses regardless of their age or maturity. The programme will cover key topics such as pricing, financial projections and making decisions in relation to your business market.

Speaking about the course, Anna Byrne Senior Enterprise Development Officer from Carlow Local Enterprise Office said “Business planning is an essential skill for existing and future businesses, by developing a business plan entrepreneurs have a blue print which can help them access further services and supports from the state”

The course costs €25.00. Fees are required before the course starts. To book a place on this course please email enterprise@carlowcoco.ie or phone 059 9129783.