Business plan is the actual need!!!
Business plan of any business is the starting and real need so when to raise capital by looking for investors who may be any person may be a friend or relative then they must intend to see the whole plan in written form first. Its significance is not hidden before any person and first of all in the plan a clear vision and mission must be essential that should be reflected from the gestures of business person that he is really passionate about it.
After that business goals should also be clearly defined that he want to achieve in the near future, the goals statement is followed by the financial plan in which the whole ideas to be defined that from where to raise capital, what is the cost and from where money can go out or come in etc. A deficiency lies in the plan without marketing plan on which the acceptance and reject is based so one must put it in writing.