So do I need a business plan for my business well the simple answer is yes and no which is kind of funny actually but the better question is what are you trying to achieve so why are you asking that question I mean if you have no plan any path will get you there we all know that so if you’re considering working starting a business where you’re developing a new product or something that you know you’re going to need a large capital investment for the best thing to do is to really look at what it’s going to take to get there what type of resources what type of money you’re going to need and if you really believe you’re gonna need to raise funds or get other people on board then absolutely you’re gonna need to really look into one of those long and intense business plans probably want to get some consults with some professionals to make sure that you build those out properly especially on the financial side but in short if you’re just starting I say a new service business an air conditioning business or a photography business maybe you don’t need to go through all of that but to have a plan so that you know where you’re going and how you’re gonna get there even if it’s just a short overview of this is what I need to do this is what I need to accomplish and so I can be where I want to be so business plans they can range from really basic information to some really long and intense information especially if you’re trying to raise funds but I’m a proponent that you should always have some type of plan.

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