Question: Why do I need a business plan? How do I write it?
If you were going on road trip into unfamiliar territory, would you start the trip without a map? Of course not.
You probably would want to arrive at your destination in a reasonable amount of time, taking a well planned route, specifying points-of-interest as sightseeing goals along the way. Therefore, you'd use a map to target and achieve those goals.
A detailed, written business plan serves as a map for a prospective business owner. Whether you are starting a new business or assuming control of an existing business, you need to know where you are going and how you will get there.next 