From small business success blog
For most students, I think, writing a business plan is a big challenge. Despite the long lead time given to them (45 days after the semester officially ends) 3 to 5 per batch fail to submit the business plan on time. For those who submit, the rigor of of making a business plan does not set it.
The on going rate for a business plan is about P200t per. It could be a good way to earn in the future. Not many MBA grads, I think know how to write a winning business plan. I yet have to see my students join a business plan writing competition. I did announce before a Larry Farrell business plan writing competition (NO ONE JOINED SUBMITTED A PAPER SO I HAD TO STOP IT)
Here is another reason/post why a business plan is needed
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