Would you ever think of taking a trip to a foreign location without some type of tourist guide or map? Could you imagine doing this and then the feeling of suddenly realizing that you have no idea where you are or what to do? I would imagine that would be a terrifying experience. Fortunately people take trips like this all of the time and these types of experiences are averted through proper planning. Operating a business without a business plan is like taking a trip without a map. You do not want to dedicate precious time to building a business only to suddenly realize that you have no idea where you are or what to do.
There are some objectives or reasons to write a plan for business. _ It's a tool or equipment for obtaining financing _ This helps to unite joint venture partners in a common goal or destination _ It makes the whole business goals feasible to study and analyze _ It will serve as the blueprint for the debut business companies.