Yes. A business plan is the resume for your business. It provides information about your company and its industry, describes a marketing plan, details an operations plan and projects the financial needs of the business. It helps you allocate resources properly and make informed decisions. It provides specific and organized information about your company and how you will repay borrowed money. A thorough, well-written business plan is crucial to obtaining financing. Additionally, it can tell your sales personnel, suppliers and others about your operations and goals.