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 it becomes 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. Orientation A business plan should be oriented to creating a business which will satisfy the wants and needs of future customers rather than producing a product or providing a service. 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.