Yes, having a business plan is highly recommended. It helps you clarify your goals, understand your market, plan your finances, and communicate your vision to potential investors, partners, or team members. Even a simple plan gives your business direction and purpose.
There’s no fixed length. A good business plan can range from 5 to 30 pages, depending on your business type and audience. The key is to keep it clear, focused, and relevant—covering essentials like objectives, target market, competition, and financial projections.
Start by defining your business idea and goals. Then outline key sections like your value proposition, target audience, marketing strategy, operations, and financial plan. You can also use a business plan template or consult with professionals to guide you through the process.