A business plan lays out how your business will be conducted. It must outline your vision and mission, your short and long-term goals, and should include a profile of your customers and how you plan to reach them. Your plan must identify what type of business you will conduct; the products and services you will provide; and it must detail how you intend to carry these out. Your business plan should identify the structure of your business or the chain of command, the operating procedures, staffing, marketing, and include a detailed finance plan.
You need a business plan if you’re going to run a business. A business plan is like a map and a compass for a business. Without it you’re traveling blind. With a plan you set objectives, establish priorities, and provide for cash flow. Here is a basic draft outline of a business plan to get you started.