What is a business plan?

A business plan is a written document that outlines the goals, strategies, and financial projections of a proposed or existing business. It provides a roadmap for the business owner or entrepreneur to follow in order to achieve their objectives, whether that be to secure funding, attract investors, or chart a course for growth and success. The plan typically includes sections on the company's products or services, target market, competitive landscape, operations and management, and financial projections. It serves as a critical tool for decision-making, and can be revised and updated as circumstances change.
This mind map was published on 18 April 2023 and has been viewed 63 times.

You May Also Like

How did Cambridge Analytica analyze data?

How can members renew their membership?

What is bioreceptive concrete?

How can value flow improve patient care in healthcare?

What is the purpose of international organizations?

How do international laws and diplomacy affect global politics?

What is the role of international courts in law and diplomacy?

How does diplomacy prevent conflict?

What is the role of international law in protecting human rights?

How do entrepreneurs finance their ventures?

What are the benefits of entrepreneurship?

How can entrepreneurs identify and capitalize on market opportunities?