If you plan to meet face-to-face with a banker or venture capitalist,it is not necessary to submit a business plan.
A business plan is mandatory when talking to bankers and investors.

Question

Quizplus · Accepted Answer

A business plan is essential when meeting with bankers or venture capitalists as it provides them with a detailed understanding of your business, including your goals, strategies, and financial projections. It helps them evaluate the potential of your business and make informed decisions about funding. Additionally, a business plan demonstrates your credibility and professionalism as an entrepreneur, increasing the chances of securing financing.

If You Plan to Meet Face-To-Face with a Banker or Venture