1. Generate recurring income

2. Increase the value of the business assets

3. Secure the income and value of the business

Business Plans :-

Planning is one of the most essential parts of running a business irrespective of big or small ventures. Undoubtedly, to initiate a project is easy, but without careful planning, it is like setting off on a journey to an unknown destination without a roadmap. You might manage to make it to your destination eventually, but don’t be surprised if you get really lost on the way! As a small business owner it is very tempting to neglect planning altogether, especially if you are the only person in the company. After all, planning can be a time-consuming process and for small business owners time spent planning is likely to be time when they are not earning any money. But the benefits of good planning will far outweigh any temporary loss of earnings.