A business plan is not only important for starting your business, it’s also an indispensable tool for helping you manage and grow your business. Your business plan is your roadmap in operating your company, and it’s essential if you intend to request funding from outside sources.

A business plan spells out specific details about your business related to business concept, marketplace, and financials. The length of your business plan can depend on the complexity and scale of your business. Even short one-page business plans have purpose and can affect success.