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When starting a business, a plan is VERY important. The reason is, it is risky when starting a business. If you take a few days to brainstorm, think and write down everything from what you need to do, to your targets, to what to do in certain situations, you eliminate the chances of rushed decisions, that are not well thought out, that could effect the business negatively. If something happens, you can just pull out the plan, see what to do, predicted outcomes, and possibly what funding is available in some instances, you know it is a good choice because you have thought it out beforehand! Also in a business plan, you have your business rivals, you can use the state of your rivals when you started the business, to where you are now, all that is stated in the business plan.

Bottom line is, don't take the risk of starting a business without a business plan.

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10y ago
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11y ago

It is unlikely most businesses would publish their business plans because of the sensitive commercial information contained therein. Details of the background of key staff and directors is also contained within the plan and publishing such information could have legal repercussions, certainly in the UK. I guess the nearest you would get to publication would be the Mission Statement element of a business plan which a company would decide to share with the public as a statement of intent as to their business ethics, goals and intentions.

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