When should a business plan for SMEs.

In which the majority of SMEs have to be a business plan. Most often come from the state or condition shall need a business plan, especially when the need for credit from the bank or the financial institution where the business plan is a document for consideration. Or if the operator is in education or training programs such as Project Building New Entrepreneurs (New Entrepreneur Creation - NEC), or the project Business Incubator (Business Incubation) that on completion of training operators to. trainees must have a business plan and presentation before the Board or experts.
 To assess whether the operators to receive Trained by it. Knowledge of effective business planning by the knowledge that has been trained or not, but actually the business plan. It is a necessary to the performance or the business itself. Which does not depend on time or conditions that have been forced to prepare in any way. By the time that operators should have a business plan that Is usually done under circumstances or conditions that are in the business. Because the business plan of the business plan is to succinctly and effectively. A mechanism to build capacity and efficiency in business operations to occur. By the time that should have a business plan and consideration of the preparation. Including the importance that should have a business plan during this time include
I've never had a business plan.
For operators or businesses have not always had a business plan. The business plan is important and useful things for business. Because if the male of the business or have been carefully planned carefully And efficiently.
The business plan will help businesses can Used as a guideline for the management review and analysis of monitoring evaluation of the business. And can predict what will happen to future business. So that business can respond to environmental changes. Or risks that may occur to the business as well. Unfortunately it is very operator or a small number of Thai businesses. Wishing to have a business plan if their business does not have a business plan before.
In some cases, caused by the operators can Business to grow profitably by themselves. Without even require a business plan to manage before. Prevented awareness of the need of the required plan. This usually occurs with small business operators are male planner Or self-management decisions. The number of personnel, not much. But when the business expanded. Of males are often not able to find an effective way. In managing a larger organization. Or solve problems that occur. Or unable to care thoroughly. This has never come from the business plan has been properly And a system before. However, the majority will have to plan on their own business problems. Or until the conditions necessary to obtain financing from banks or financial institutions because of regulations that require a business plan for business credit.
The entrepreneur or business in nature, these often have trouble making. Because the person or business does not always have good planning. Or plan properly before. Including a lack of understanding in the process of planning a business or business plan. When the rush of business in the state plan required. Business plans prepared flawed. And could not tell if the ability of a business or planning of the male. And may cause missed opportunities to access capital they need.
In other cases when the participants in the projects. The need to plan and present a business plan for the course. Entrepreneurs are often part of a business plan perfunctory Or simply fill out the section to complete the structure of the business plan. Just to complete the course under the program. Without the knowledge from training to use in planning their own business at all. This is a story that unfortunately is very So for businesses who have never had a business plan before. The business plan is the correct first step in managing the growth. Strong and sustainable progress in the future.
To borrow money
Is the time for operators to enforce the business plan. Most business plans or may be called almost all the work was done. Are all from the purposes of credit for almost everyone The thing that entrepreneurs or business need or expect from the business plan was prepared in the business plan is a tool that allows you to request a credit limit as They want to.
Than expected from a bank or Financial institution The business plan to evaluate the ability of management or business operators to help reduce the risk of credit to the business. Apart from the collateral is a key tool in reducing the risk of loss. Free of default.
But in fact prepared. Business plan in time for the operators. In addition to the documentation for a loan then. What entrepreneurs or businesses have to focus strongly on the plan. Is planning to use loans obtained to optimize the business, which often is found that the majority of employers do not have a plan about how many. To use funds properly. Although the male of a security or business. Valuable enough to guarantee any such loan.
In some cases, made the loan request, it has too few. Or it may have cost some entrepreneurs neglect Nor predicted previously. The credit line was not enough business. Operations or when a period of time the loan was used to run out before that the problem for entrepreneurs is very
In other cases one credit for more than necessary. The remaining cash on hand than business need. Because entrepreneurs think that if there is cash. This will create a safety And confidence that arise in doing business in the future. Willing to pay the self-interest loans in excess of that.
But what is usually always found is that when operators have excess cash that comes from Such loans. Often used the funds to pay the unrelated business. Whether buying a new car. Buying real estate. Purchase securities. Personal expenses of directors or services. Such speculation. In other words, it is a misuse of money. Or misuse of loan funds to make sure enough business. Which often claims that an "investment" to return. Better to leave cash in dormant bank to wait for interest
They are often found that there are only a small number of cases. The success of such methods. When it is necessary to use the funds to do real business. I usually can not take money from "investors" of the corporate domain. This will be the same problem. The thing that always keep in mind is that the money received from loans. Is a creditor, a bank or financial institution in the business. Unlike commercial creditors of the business. The negotiations may shift or delay repayment of commercial debt if their business. Are experiencing problems.
Whether the business will succeed or fail to profit or loss. Businesses are responsible to pay back debt. To the bank or financial institution that provides loans to schedule. Therefore, the business plan to apply for loans or obtain credit facilities. Need to focus on using the loan to be most effective. Must be able to generate profits. And business must have enough cash. To be able to pay back the loan regularly scheduled under the contract or loan. Since the default with the bank or financial institution to become a NPL is something very bad result for the business. It will enable businesses can not access other sources of funds are all in the future.