In Summary : Planning out your business on paper first gives you long-term benefits with potential investors, employees, vendors, and suppliers. The business plan becomes your roadmap to success, with pertinent data that shapes the course of your business start-up and lets you adjust your journey as contingencies arise. Business planning templates are readily available and data sources abound at your fingertips. You will achieve a solid understanding of your business as you work through each section of your plan.
Millions of entrepreneurs, be it first-time owners of small and medium start ups or Fortune 500 business conglomerates, use this program and consider it to the best business plan template generator on the open market.
At this point, you may be tempted to skip writing a business plan altogether, viewing it as an unnecessary exercise in jumping-through-the-hoops, suggested by some old business professor who probably never held down a "real" job anyway.
While these are easily available online, some of them are way better than the others. A lot depends on the approach that goes into writing the business plan.