The business plan gives structure to your business idea. It supports strategic and operational decision-making. With it, you will not forget any important factor or area.
The business plan helps you to work out the relevant questions at the beginning of your business activity, such as the target group, customers, competition, market, and finances.
When preparing your business plan, you critically examine your own business idea and recognize eventual risks as well as opportunities. You deal with the practical feasibility and economic profitability of your project.