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you may ask why do I need a business plan why cant I just launched my business and get to market the importance of a business plan cannot be understated first you have to define your business and how youre going to compete you need to understand the market and where is your business going to occupy its space in that market versus your competitors youll need to clearly define your product and why your customers should be interested in it once youve defined that product have a good understanding of how youre going to take it to market after youve decided how youre going to take a product to market you need to understand and articulate how youre going to operate that business and create an operating plan to support those operations now that means youre going to have people and youll need a plan for managing your people and the resources that come along with them youll also need to define the administrative responsibilities and how youre going to fulfill them once youve got a
