Do I need a business plan?
Every business needs a business plans. No matter if you're seeking investment, or just intend to use your business plan as a guide to operating your start-up, it's a key factor driving the success of many companies. Here are a few reasons why you may need a business plan:
 | Secure funding from a lender or investor. |
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 | Ensure that your business remains on track and that you're reaching goals. |
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 | Learn more about your competition and your market. |
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 | Use it to retool any strategies that aren't working. |
What is a business plan?
A business plan is a document that sets forth your goals for your business, and outlines how you intend to achieve them. Business plans are primarily used by entrepreneurs who are seeking funding for a start-up business, but they're also used as a roadmap for operating a company. A business plan typically includes the following sections:
 | An executive summary, or a one-page summary of the entire document. |
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 | A description of your company's services or products. |
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 | Market research. |
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 | An analysis of the competition. |
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 | Financial projections. |