It's an informal business plan that can convince you that your idea makes sense to the outside world because you are investing your time, your money, and your everything into that idea.
To write a business plan, maybe you think you don't need a step by step guide or a business plan template. After all, some entrepreneurs achieved success without writing a business plan. With great timing, past business experiences, entrepreneurial ambitions, and a little luck, some entrepreneurs build successful businesses without even writing an informal business plan.
But the odds are greater than those entrepreneurs fail.
Does a business plan make startup success inevitable? Definitely No.
But great business planning often creates the difference between success and failure. Entrepreneurs should do everything possible and tick all the boxes to set the platform for success.
And that's why writing a business plan will helps you succeed.
