The importance of planning your business cannot be over emphasized. The business plan is a roadmap for the development of your company. The process of writing a business plan will force you to take an objective, critical look at all aspects of your business project. The business plan will help you identify areas of weakness and strength, spot opportunities and foresee possible problems. The business plan is primarily for you, the owner, and a thorough business plan can become a complete financing proposal that will meet the requirements of most lenders, other investors or potential partners, and suppliers. The finished plan should specify the steps you will take to manage the business and realistically describe your ability to profitably operate the business. As you develop your business plan, you may have to modify or revise your initial plans.