Many of us have the ideas to start a business but lack the startup funds! Now, we need to convince an investor to invest in our business or attempt to get a loan from a financial institution.
In order to get financial aid, you need to approach investors or banks to assist you. An investor will need to be informed on the ins and outs of your idea and for that reason it is necessary to present a business plan.
A business plan is just like a CV that you would send to a prospective employer. This is a document that you can submit to a potential investor that will provide them with both your proposal and a summary of the business itself.