How Important Is A Business Plan? Depends on a lot of factors, as it turns out. Factors include your time to market, your need for venture capital, the target market for your product or service, and so on. That’s a lot of stuff to consider. Let’s say you need a loan to buy a building or tools. In a recent post by Shara Rutberg of, (link at bottom of page) she spoke with an assistant director of the Service Corps of Retired Executives, and asked him about business planning:

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