A business plan is an extremely important document that helps to evaluate a business idea from an investor's point of view. It contains a detailed analysis of various aspects of the business.
Drafting a good business plan is not easy. Yet it forms a crucial part of business planning. Several business owners regret not having a business plan before jumping the business bandwagon.
Every business owner must have a business plan prepared by a professional. Here are a few reasons why it is worth making an effort to prepare a business plan.