A well-structured business plan is also essential for securing funding ... Just as with the overall business plan, the executive summary should be clearly written and persuasive, but also balance ...

There are many reasons why all businesses should have a business plan. It can improve the way that your company operates, but a well-written plan is also invaluable for attracting investment.

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.