Why is a Business Plan important

-Gives a focus on the Business idea. Is it good, why? -It can exam the Financial viability of the idea. Can the Business sustain itself with cash and expectations? -It gives encouragement to the Owners, too see what the Business is about. -Making a document can help spot gaps and deal with thoughts. -Helps in getting finance from outside providers. e.g the Bank -The Plan makes a Logical structure that is thinking about the business. It organises the Business -The Plan says something. This can be used to measure actual Performance