Start-Up tips for young people: Is a business plan really necessary?

Another great blog from Ali Golds for Rotaract

Rotaract in Great Britain & Ireland (RGBI)

Guest post by Ali Golds, MD www.operation-enterprise.com @opEnterprise; Entrepreneur and Speaker

Starting a new business is a really exciting time; lots of new people to meet and places to go, and a real sense of something with great potential for the future. However, it’s also a time of uncertainty and challenges, so writing a business plan is a must.

There is a school of thought that says business plans are unnecessary, or that you should be able to write one on one side of A4. No. And no again.

In order to really flesh out your idea, you need to plan properly and in detail. You need to research and develop, scope out and explore; particularly if you are hoping for some outside investment but also for your own peace of mind. After all, this is a big investment of time and effort and you really need to know if…

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