Todd and jim learned that in building a business plan, it was important for them to stay flexible. When you initially build a business plan, there needs to be room left for flexibility incase something does not go as planned. Â Established companies often have things come up that were not part of the original plan and need to re-evaluate their plans. When someone is initially building a business plan, flexibility is important to ensure that changes are able to be made. A business plan is a written description of the businesses future, what to plan and how to plan for potential happenings.