While a patent is not necessary for your business success, it is a primary means to exclude others from exploiting your invention without your authority.
A patent portfolio comprising a well drafted patent application(s) is the first step in protecting your inventions against exploitation by others. Your patent portfolio is a powerful commercial tool to secure a commercial monopoly over your competitors and increase the value of your business.
If you wish to be able to exclude others from exploiting your invention, a granted patent is a common starting point.