Having a business plan will be useful in several ways. Here are a few key points to consider:
- a business plan will help you define and focus your business goals and objectives.
- it will help you to better use a variety of information and analysis tools.
- it can be a powrful tool in dealing with your lenders, investors and banks.
- reviewed over time, against real performance benchmarks, it can uncover omissions and/or weaknesses in your original business concept.
- you can use your business plan to solicit opinions and advice from other professionals.