Disadvantages of a business plan In most cases, a well executed business plan has seen successful results for the companies that incorporated it. It can hold many benefits for any type of business if well followed but on the other hand, it can also be the key to the downfall of any company. A credible business plan is the focal point of any business and it is the map you follow so as to attain your goal. But what happens if that particular map was not written in line with your business actions? What happens if that particular business plan is overtaken by time and technology? You will see that it will lead your business astray and thus immersing you in loads of debts. Here are some of the disadvantages brought about by business plans that we should take a closer look at before implementing one.