A profit & loss statement is only one tiny slice of a business plan (maybe 3u20135 pages of a 40 page document). A business plan covers a very broad range of subjects.A business plan is a broad strategic document that covers everything from operations to marketing to personnel planning to the financial statement forecasts.The table of contents for a typical business plan might cover something like:Executive summary & investment highlightsIndustry analysisAudience demographicsCompetitor analysisProduct and value propositionCompetitive advantages / disadvantagesBusiness risksPartners / sponsorsMarketing planLegalTeam, hiring plan & advisorsFinancial statements (hereu2019s your profit and loss statement!)But keep in mind, financial statements include the profit & loss statement, cash flow statement, capital expenditure layout and balance sheet.So the P&L is just a small slice of a small slice.HOWEVER, if the business doesnu2019t have a profitable business model (or a plan to become profitable), then the whole plan is bad.So the P&L is very important!Hope this helps!