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a good business plan guides you through each stage of starting and managing your business youll use your business plan as a roadmap for how to structure run and grow your new business its a way to think through the key elements of your business in this video we will go over how to write a business plan and what information you will need to make an effective business plan if you would like to get professionals to write your business plan and leave them to do the heavy lifting you can do so by clicking the first link in the description if you want to do it yourself then you would want to watch this video till the end business plans can help you get funding or bring on new business partners investors want to feel confident theyll see a return on their investment your business plan is the tool youll use to convince people that working with you or investing in your company is a smart choice theres no right or wrong way to write a business plan whats important is that your plan meets