Provide a clear starting point for future business planning.Ensure you evaluate the market for your product or services and size up the competition.Serve as a resume when you seek lenders, suppliers, investors or partners.Help you coordinate all the diverse activities that go into running your business.
Provide a clear direction, which can keep you focused and help eliminate stress.Be a reality check! It will force you to identify your business strengths and weaknesses.What Your Business Plan Will Do For You.It should undergo constant revisions as your business evolves and expands. Your business plan is a document that should grow with your business.