If a personis a sole-proprietor and owns a small sompany does he need to make up a business plan if he isn't going to "attract" investors.

I believe it is in your best interest to have a business plan for two reasons,1st,if at some time you do need extra financing you will be better looking to a lender,2nd Agreat many bussinesses fail and one of the reasons is poor planning.It would behoove you to make a plan if only for your own benefit.Good luck in your endever

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Originally Posted by tjr

I believe it is in your best interest to have a bussiness plan for two reasons,1st,if at some time you do need extra financing you will be better looking to a lender,2nd Agreat many bussinesses fail and one of the reasons is poor planning.It would behoove you to make a plan if only for your own benefit.Good luck in your endever

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Thank you a lot! I knew that it's imported. I just wanted to reasure