1. Why is business plan so important for an entrepreneur?
Business Plan is so important to add value to the society as:
1. an entrepreneur
2. customerreveiw&
3. Investor reveiw.
as a plan helps to determine the viability of the venture, provides guidance & financing
options>>it plays the key role.
For anyone starting or running an existing business, having a business plan is a vital first step for
success.
A business plan is a document that summarizes the operational and financial objectives of a
business.
It also contains the detailed plans and budgets, showing how the objectives are to be realized.
Regardless of the size of the business, a business plan will serve as the fundamental to the launch
and success of the business.
A business plan may not get you the “sale” (investment), but it just may close it. A good business
plan may be all the credibility your Deal has.
• You are stating a hypothesis about how an investor is going to make money by investing in
your Deal.
• It demonstrates discipline.
• It shows how you think, your reasoning process.
• It gives credibility points that the investor can verify.
• In many ways it will drive the terms of the investment, especially milestones, valuation and
perhaps vesting schedules. (noself respecting VC will agree with this, but the truth is they verify
what you give them)
• You have to worry about what an investor “knows that aunt so”. A good plan can address
myths, and misconceptions head on with FACTS, not opinion.
A business is needed for an entrepreneur?
An entrepreneur without a business plan will wander blindly and rely on luck to lead him to
success. Planning is essential to make the most efficient use of financial and human resources
and to keep a growing business on track as it heads toward a central position in the marketplace.
Business Planning for New Ventures
A new venture might imply new business by an individual or group of partners, but it can also
mean a new branch or business that a larger company is beginning. A new venture requires

2. extensive planning. Entrepreneurs must be careful to think through every facet of the business
before starting operations. The success of the business depends on the details of this planning.
Business Planning for Independent Businessman
Will be a free from all over tension.
Business planning for creating job scooper
A Good Business Plan.
Does the start-up plan seem thoughtful? Of course, the business plan remains an important element and
we don't neglect to look at it. While Marquis' plan today is well-structured, the truth is that when we
met him it was not the strongest part of his overall presentation. But we invested in him because we
believe that helping an early-stage entrepreneur articulate a detailed plan is one of the ways that risk-
tolerant investors can be most helpful.