Business plans are for small businesses as well as large and theres no way to avoid it. Business plans are also called strategic plans, capital plans, expansion plans, operational plans, yearly plans, internal plans, growth plans, product plans, feasibility plans, and many other names. Business plans are needed whether you are planning on constructing a large company or simply a small scale operation. Business plans are always wrong, but vital nontheless, because you track progress against goals and manage cash flow.