A Business Plan is a roadmap or a guide that gives an outline of the goals of a business and how these goals can be achieved. It is a blueprint for the future business goals and plans. They are used for completing many tasks like entrepreneurs who are seeking for investment opportunities can use a business plan to convey their objective or vision to potential investors. In brief, a business plan consists of the strategies used to meet the goals, the ways to solve problems arising in a business, the organization structure and the capital required to be invested in the business. Creating a business plan consists of three main parts. Firstly, the business concept is formed wherein the industry, products, and services, structure of the business and how the business can be successful is discussed. Secondly, the potential customers to be targeted are identified and analyzed and finally, the financial statements are prepared.
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