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 129 times.