As entrepreneurs, we hear time and time again how important developing a good business plan is. A business plan is the road map entrepreneurs utilize when we decide to turn our business idea into a reality.
The exercise of writing a business plan, makes you research and cost all the elements and timelines you will need monthly and annually to successfully run your business. That includes: cost of goods sold, staff, rent and utilities, technology, insurance, sales, marketing, office supplies and travel.
