Many first time small business owners overlook the importance of having a business plan. They might not realize that a business plan is an important document that should be revisited from time to time. Having a business plan can allow you to stay on target with the vision of your company. If you decide to look at your business plan from time to time, you are going to be reminded what your vision and mission was. You will have a chance to check whether or not you are in target with your current vision. Having a business plan can help business owners keep everything in perspective.