A business plan is a road map to launching your business.  Many lenders and investors request a business plan from entrepreneurs.  However, the business plan is even more important to the person starting the business.  It provides analysis and direction as to what the entrepreneur must do BEFORE the business opens.  It will also shed light on the feasibility of the venture.  An important component of the business plan is the “Financial Projection” and “Start up budget.”   As you develop the financial aspects of the business plan you will become more aware of the needs of the business and whether or not it is possible.