Planning is essential to the success of any business, and a comprehensive business plan can be an important planning tool. What’s a business plan? A business plan is a map for your business. An ordinary map can be used in help you choose the best route to a specific destination. A business plan serves the same function by allowing you to plot the straightest course to business growth, stability, and financial success. To help you arrive at your destination, the business plan lists your objectives, helps you determine if they are realistic, and monitors your progress in reaching them.