What is the importance of the business plan?

1. provide or enhance good industrial relationship.

2.Assist in effective decision making

3.Help to solve conflicts

4.increase production

5.lead to the achievement of the goals

Additionally, in today's volatile political, economic and financial environment, the business plan may serve as a 'door opener' to the capital markets; however, to raise capital, additional 'full disclosure' information, not in the business plan, must be provided to prospective investors. The business plan may help form the foundation for these additional documents.

When we review a business plan, with an eye toward possible investment, we focus upon the management team and the cash flow summary. A properly created cash flow summary, oftentimes not available from the on-line services, will identify the cash required to achieve the company's e.g., 3 or 5 year goals.