What is a business plan?A business plan that is recorded and outlines a company’s goals as well as the steps that will be taken to achieve those goals is called a business plan. A company’s go-to-market plan, financial predictions, market research, corporate purpose, and mission statement are all outlined in this document. Along with a schedule, the business plan may also include a list of the key personnel who are accountable for the accomplishment of the goals.
What is the basic business plan format?
- Short plans.
- Presentation plans.
- Working plans.
- What-if plans.
Why do you need a business plan?
- Obtaining investment funding.
- Preserving the strategy and objectives of a business.
- Making a business concept credible.