If you are thinking to start a new business you need to plan where and how to start it. The major reason of a business failure is no written document to draft the roadmap of your new venture.
Business plan is not only to raise money but it is an important document to test where you are going, and most importantly how you will get there.
Before you start the business plan, think about writing your “elevator speech”. The elevator speech is a short and concise speech describing what the issues your business will solve are and what the value will be for the customer. The definition of what the new business is and the reason why customers should chose you instead of your competition is the first milestone of your business.