BizSugar.com › Strategy › Why Your Small Business Needs a Plan

Columnist Rhonda Abrams explains why your small business needs a plan in this column on strategy. Entrepreneurs have different views on the importance of business plans and small business owners may too. However, in the end, business plans can be important whether seeking outside funding or trying someday to sell your business. Though it can be difficult, even deceptive, to come up with a precise business plan before launching your business, after a year of operation it should become easier to explain what your business is worth...and what you can expect from it in earnings.