Business Plan Definition

Business Plan Definition A business plan is a written document that outlines an organization's goals, strategies, and tactics for achieving those goals. It typically includes information on the products or services the business will offer, the target market the business will serve, the competition the business will face, and the resources the business will need to achieve its goals. A business plan is often used to secure funding from investors or loans from banks, but it can also be used as an internal tool for management and decision-making. A business plan typically includes the following sections: executive summary, company description, market analysis, service or product line, marketing and sales, funding request, financial projections, and appendix. Business Success Factors Explained A business is an organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to who...