Reasons to Create a Business Plan:
Preparing a comprehensive and well organized business plan dramatically increases your chances of succeeding as a business. A good business plan can help:
determine whether your business has the potential to be profitable
anticipate the estimated cost of start-up, and how much you'll need to invest or finance
to be a marketing piece for investors and lenders to fund your business
define a revenue estimate (by determining your market -- who is your customer -- and what percentage of the market can you expect to reach)
devising an effective marketing strategy to make money from the start
compete in the marketplace (through a realistic SWOT analysis which defines your strengths, weaknesses, opportunities, and threats, and
strategically plan for potential problems so you can devise solutions before they become disasters.

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