1.

Business plan is so important because without it, your business will never go near
success. Failure to plan will damage the effectiveness of the organization and can even
lead to complete break-down. Although a business may survive without a business plan
but if our goal is to have a successful business, it is better to have a business plan. “If
you fail to plan, you plan to fail” this quote explains everything because a solid plan that
is followed, will create great success.

2. A Business plan helps the manager, the creditor, and the investor in their decision
making because with this, decision making will be simplified and keeps them focus on
their goal. In addition to that, it also allows them to be more farsighted: having a clear
road map, they can think what effect a decision will have on some long-term tasks and
activities.
3. The type of business plan a company should prepare if a product or a service to be
launched requires a hundred million fund is Operational Business Plan. Operational
Business Plan because a hundred million fund is a lot and that’s why it also need an
extremely detail-oriented plan that clearly defines how a team or department
contributes to reaching company goals. When it is properly created, an operating plan
makes sure each manager and each employee know their specific obligations, as well as
how they should execute them within a defined timeline.
4. The Tie-Dye Lab, Kaleidoscope, Merchandising