RE: What do you mean by business plan?

What is business plan?

What do you mean by business plan?

Mohi Uddin Brong Asked on September 8, 2021 in Business Info.
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1 Answers

A business plan is a written document that outlines the goals, strategies, and steps a business will take to succeed. It typically includes information on the company’s vision, target market, financial projections, marketing strategy, and operational plan. It serves as a roadmap for running the business and is often used to attract investors or secure funding.

Key sections of a business plan include:

  • Executive Summary: An overview of the business and its objectives.
  • Business Description: Details about the company, what it does, and its market.
  • Market Research: Information on the target audience and competition.
  • Products or Services: Descriptions of what the business offers.
  • Marketing and Sales Strategy: Plans for attracting and retaining customers.
  • Financial Projections: Revenue forecasts, budget, and funding requirements
Default Answered on October 7, 2024.
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