For Individuals Starting a Small Business, Which of the Following

For individuals starting a small business, which of the following best describes writing a business plan?

A) It is more work than it is worth.
B) It is not always necessary, but it is essential if the company needs to obtain external financing.
C) It is a simple process that usually takes no more than a week or two to complete.
D) It is the first and most critical step toward getting the company up and running. Small businesses that aren't guided by a plan are almost never successful.