Putting Your Plan on Paper

Someone asked me once, "Why should I write a business plan? My business will be small, I don't need financing and I can answer any question a plan would answer."

If we have no need to share our business plan with others, we should still have it on paper to serve as a guide. The formality of a business plan validates that ours is a viable business concept worth the effort and it helps plan the steps to achieve our goals. The written business plan doesn't need to be elaborate, but it should be thorough.

Related:

• 6 Essential Parts of a Retail Business Plan
• 6 Reasons to Write Business Plan
• 10 Business Plan Books