For example, a potential business partner will likely want to see a bit more details than an underwriter evaluating your business.
However, don't go overboard with this and write a 50-page plan, as no one will read that.
You'll want to do two things here: Paint a picture of your business's performance in the past and show it will grow in the future.
Use charts and images to help make the experience easier.
Business plans are also crucial for external affairs.
If you want to want to take out a loan, bring on a business partner, or more you'll need a solid plan in order. However, writing a business plan isn't easy and not everyone knows exactly what the business plan should outline.
Also, keep the length of your plan in mind when it comes to your reader.
We would always recommend keeping your plan as short as possible, but certain readers might want to see more details while others might want only the high level information.
Without one, it's tough to maintain a vision of the future and what the next steps for your business should be.
Think of it as a litmus test to prove that every step taken is part of a larger calculated effort.