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51 why do you need a business plan

It's the key to convincing anyone to invest money, make a loan, lease space, essentially do business with you prior to opening. One of my favorite lines comes from a 1948 movie titled, “The Treasure of the Sierra Madre” where Humphrey Bogart is cornered by Mexican bandits and asks to see their Federales badges. We’ve been in business 30 years and we never had a disaster.” What was obviously missing here is an understanding of the business benefits of establishing and maintaining a business continuity plan. Sooner or later, they discover the hard way that what’s left unsaid or unplanned often leads to unmet expectations, anger and frustration.

51 why do you need a business plan

51 why do you need a business plan

But if you address the common reasons for failure up front, you'll be much less likely to fall victim to them yourself. Your restaurant business plan is also the roadmap for the future of your business.

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  • Business partners often start businesses together with little planning and few ground rules.


    51 why do you need a business plan

    51 why do you need a business plan

    51 why do you need a business plan

    The response from Gold Hat, the bandit leader is classic. I believe the issue arises from the approach; business continuity seems to be tied to a defensive or protective strategy that is in turn linked to a disaster. ” I heard a very similar line just the other day when I suggested to a company that it would be a value-added business step for them to implement a business continuity plan.

    51 why do you need a business plan

    A well-conceived, professional restaurant business plan is your greatest single asset for turning your restaurant dreams into reality. NOSFERATU ESSAY OBJECTIVE: Before you start your business, you will need to learn how to keep score (basic accounting), and how to maintain cash in your bank account (cash flow control).


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