A business plan is a formal written document that furnishes:
Important Point: While it’s a good idea to give as much detail as possible, it’s also important that a plan be concise to keep a reader’s attention to the end.
A Business plan has following goals:
A business plan is likely to fail if:
There are two primary audiences for a firm’s business plan
A clearly written business plan helps the employees of a firm operate in sync and move forward in a consistent and purposeful manner.
A firm’s business plan must make the case that the firm is a good use of an investor’s funds or the attention of others.
A business plan is composed of 10 essential elements:
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