CHRIS FARM NIGERIA

A business plan is not a document you create once and store in your bottom drawer. It's a living guide that you should develop as your business grows and changes. Successful businesses review and update their business plan when circumstances

Developing your business plan helps you to step back and look at what's working in your business and what you can   improve on.

A complete, thoughtful business plan is one of the most valuable tools in helping you reach your long-term goals. It gives your business direction, defines your objectives, maps out strategies to achieve your goals and helps you to manage possible bumps in the road.

If you're seeking finance for your business, you'll need to show banks and investors why they should invest in your business. Lenders and investors will only risk their time and money if they're confident that your business will be successful and profitable.