Another major function of a business plan is assisting you in managing your finances. With a credible business plan you will be able to know the exact cost of production and the final income derived from the sales. You will thus have accurate details on the profits you are making and whether there are any ways of maximizing them. With stipulated revenue goals, you can never go wrong when it comes to financial management. Any financial institution will want to see a credible business plan before offering a loan. Thus a business plan is very important when it comes to securing financial help.