The planner can be able to declare the financial conditions and financial goals of the company by the help of written form of the business plan. A businessman must think about the present and the future conditions, which mean that he must analyze recent conditions as well as the upcoming needs. He should categorize the ideal and awful clients so that he can take steps to attract the best clients, at the same time to refuse the others. A business plan should be written in brief way so that he won't forget any topic or information.
Business Plans are a Distraction _ Depending on what sort of business plan you're writing it could take from a day to a week to write. That's valuable time you could be spending actually creating and trying out your business. I'm all for knowing exactly what you want from your business and creating one which supports the lifestyle you want. But let's not be getting goals and plans mixed up here. You should definitely have goals, and you should definitely be tracking your progress against them. However kidding yourself that you know at the very beginning exactly how you're going to achieve them isn't going to help, because you can't possibly know without experimenting first. Allow yourself to be flexible, experiment and work out what takes you to your goals the faster. That's a much better use of your time than writing a rigid plan that'll be out of date a week after you wrote it. I know my views on this might be a little controversial but I feel it's only right that I share my thoughts with you. The time you save by not writing a lengthly plan will allow you to concentrate on more important things, like making your business actually happen. Now my guess is, if there's one thing that's been annoying you the most as you read this it's probably that if your business needs external funding then you do need a business plan. I agree, if you have no choice then you have to create on, that's obvious. If this is the case for you then write whatever your potential investors want to hear, as long as it sounds realistic. Don't spend forever on it though because when your funding's in the bag you should put you business plan in your bottom draw and start the real work, figuring out what actually works and doing more of that.