A lot of entrepreneurs have mixed feelings about business plans. Some see them as useless. Others see them as vital. I was on the fence a few years ago but am now firmly positioned in the opinion that they are vital when talking about a true entrepreneur with a real business. A professional entrepreneur taking on a serious venture is going almost always be involving other people at some point who will have a meaningful stake in the venture’s performance. Unless one is so credible or so suave that a business plan doesn’t matter, then having a business plan to backup other people’s investment of resources in your company is going to help you seal the deal. When creating a killer business plan aimed to convert potential into results, you really want to dig deep down and create something world class.