The importance of a business plan

  • Edited 10 September 2024
  • 1 min
  • Starting

Do you really need to make a business plan? Yes, you do! Watch this video to see how a business plan helps your company get off to a good start.

What is a business plan?

A business plan is a document in which you describe your business plans. Think about your product or service, what price to charge, and how much profit you expect to make. It is sometimes called a venture outline, investment proposal, or operational guide. 

Want to know how to do that?

Read what the four components of a business plan are and how such a plan helps you start your company.