What is Business Plan?
Business plan is defined as a written document that outlines the goals, strategies, and detailed plans for a business. It serves as a roadmap for how a business will operate and achieve its objectives. A well-structured business plan typically includes information on the company’s mission, vision, products or services, target market, competitive analysis, marketing and sales strategies, organizational structure, operational processes, and financial projections. So in simple words, a documented roadmap for the functioning of the business or organization is known as a Business plan. It serves as a roadmap for entrepreneurs and business owners, providing a clear and comprehensive overview of their business idea, strategy, and financial projections.
Table of Content
- Purpose of Business Plan
- Elements of a Business Plan
- Things to Keep in Mind While Writing a Business Plan