What Is A Good Business Plan

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Use your plan to dip your toe in the business water.

With great timing, solid business skills, entrepreneurial drive, and a little luck, some founders build thriving businesses without ever creating even an informal business plan. That's because many aspiring entrepreneurs see a business plan as simply a tool--filled with strategies and projections and hyperbole--that will convince lenders or investors the business makes sense.

So a solid business plan should be a blueprint for a successful business.

The process of building your plan will also focus your mind on how your new business will need to operate to give it the best chance of success.

Some entrepreneurs succeed without a business plan.

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