Planning ahead is the best way to understand your business, know what you want it to look like and how you will get there. A successful business plan outlines your goals and objectives, as well as the resources needed for each stage of its development.
Before you cut the ribbon on your business, ask yourself: What am I trying to achieve? How will this benefit me or my customers? Do I have enough time and money available to make my idea work? If there were no constraints on how much money I could spend on starting a new business tomorrow – what would my ideal situation look like in terms of location, equipment, and premises, people involved, level of investment required, etc.?