BizSugar.com › Startups › Why You Need a Business Plan

If you're starting a small business, you'll need a business plan, says Abby Prince of SmallBusinessNewz. Experts argue the business plan can be important for small businesses whether you plan to ever approach investors or not. A business plan can answer key questions and be a great exercise for entrepreneurs when considering their startup to determine realities about profitability and other considerations. Though many entrepreneurs may argue a plan is best as an informal roadmap leading you forward in your new venture others say a business plan must be a priority in order to make that venture a success.