Why Don’t All Entrepreneurs Write Business Plans?
Careful academic research on the business start-up process reveals that many entrepreneurs never write a business plan. These studies also show that writing a business plan helps 
entrepreneurs in a number of ways, including improving their odds of successfully developing a new product, organizing a company, accessing external capital, obtaining raw materials, generating sales and surviving over time. Regardless of what measure of performance academics have looked at, research shows that writing a business plan has a positive impact. But for observers seeking to understand entrepreneurs, this pattern represents a puzzle. If writing a business plan is so beneficial, why don’t all entrepreneurs write them? Academics have several theories. Read more:
