Functions of a business plan There are so many businesses today that have realized their goals due to the ultimate use of a business plan. The creation of a business plan provides you with detailed information of your business and it gives you a clear indication of what it is really to be successful. It will carry you through all the steps you need to take so as to come from the current situation to a more successful point. It serves you with short term and long term goals and this makes it an important aspect in any business. Therefore let’s look at some of the functions of a business plan.