Step 3: Develop a Business Plan

Many prospective business owners write a business plan only when they need to get funding. However, your plan is far more than a document for banks and investors to read; It's like a super helpful map to help you start and grow your business.  Having a plan helps you see where your business might have problems, chances to do well, and things that might cause trouble. This way, you can make smart choices about your business before you fully commit your time or money.