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you may ask why do I need a business plan why can't I just launched my business and get to market the importance of a business plan cannot be understated first you have to define your business and how you're going to compete you need to understand the market and where is your business going to occupy its space in that market versus your competitors you'll need to clearly define your product and why your customers should be interested in it once you've defined that product have a good understanding of how you're going to take it to market after you've decided how you're going to take a product to market you need to understand and articulate how you're going to operate that business and create an operating plan to support those operations now that means you're going to have people and you'll need a plan for managing your people and the resources that come along with them you'll also need to define the administrative responsibilities and how you're going to fulfill them once you've got al

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