The business plan will also assist in fitting the skills of the employees to specific jobs. The business plan gives a structure within which unforeseen problems can be solved. Many problems can be avoided, as the business plan will bring them to your attention before they become critical. If necessary, safeguards can be written in the business plan to avoid unforeseen problems. The importance of avoiding problems cannot be over emphasized.
All businesses have limited resources, which can apply to competing business operations.
The business planning process will help differentiate between competing operations and allocate resources to optimize profits. It is far better to postpone a project than have it fail due to lack of resources. A market orientation will help avoid the pitfalls of opening a business to satisfy the desire of owning a business. The best possible situation is where skills and abilities mesh with the wants and needs of the customer to form an efficient high demand business. Michigan Economic Development Corporation.