Why Planning Is Important for Business Startups

It is always necessary to plan as it makes one have a focus as to what are needed to run the business - the man power, capital, raw materials, means of promoting the business, expansion, development, research, alternative sources of revenue and what to do in case of failure.

It is important to determine the number of personnel needed for the business so as to know how much would be needed to pay their salaries and avoid the issues of owing backlog of salaries. Your business could be crippled very fast if you start owing staff salaries so early.



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