A 400-word paper that includes at least one APA-formatted reference to material from this lesson. Needs to be a 5 paragraph essay. An introduction, three body paragraphs, and conclusion. The body paragraphs have be included in the introduction and conclusion.Assignment 1.2: Why Have a Plan?Complete this assignment to further your understanding of the importance of business planning.In this activity, analyze and summarize the importance of business planning and the theoretical perspective that aligns a new business venture to practical decision-making and the success of a nascent entrepreneur. Discover why it an important strategic tool for long-term decision-making and post-market performance for the entrepreneur. What is the value for the nascent entrepreneur?