25 May 2020
A proper business plan is of paramount importance to a successful company. Moreover, you need a business plan to obtain a loan from a bank or investor. Even though you do not necessarily need a business plan to register your company at the Chamber of Commerce, you are well advised to make one. It will help you critically assess your product or service against the market you want to enter. To find out if your company could be successful or if you should research some aspects in more detail, such as whether to register any trademark rights or patents.