A well-written business plan can improve your chances of getting funding and give you

more free time.

improved logistics.

greater negotiating power.

A well-written business plan can improve your chances of getting funding and give you greater negotiating power. When you are wanting to gain funding and have a well-written business plan, you are able to better negotiate power because your knowledge of what is needed is higher. When wanting to receive funding from an outside source, you need to show your knowledge of the business and where you plan to use the money for a better chance at receiving it.