A business plan is essential to understanding where your business idea or invention is heading. It helps you plan what your business is.
What’s your businesses name?
What does it do?
What good does it serve?
Who could benefit from it?
Why should others care?
And how can customers find you?
A good business plan includes what your idea is, what type of person could use it and why it is important. It also helps you map out your costs and potential revenue. Every business starts with a solid business plan, and yours should be no exception.
For help with drafting a business plan, check out this post, The 4-Part Business Plan.