Take a look at this chart. At Palo Alto Software, we asked almost 3,000 users of Business Plan Pro about their business, their plans, their achievements … about two dozen questions. And in the chart here you see one clear statistically-valid conclusion:
Simply put, those who finished their business plans were about twice as likely to successfully grow their business, get investment, or land a loan than those who didn’t. You can see the numbers on the chart.
For the record, we sent the results to the University of Oregon Department of Economics for validation. I posted more details about that study and the statistical validation yesterday on the Business in General blog.