ECONOMICS

Detailed explanation-1: -A business plan is a document that defines in detail a company’s objectives and how it plans to achieve its goals. A business plan lays out a written road map for the firm from marketing, financial, and operational standpoints. Both startups and established companies use business plans.

Detailed explanation-2: -The business venture definition is a new business that is formed with a plan and expectation that financial gain will follow. Often, this kind of business is referred to as a small business, as it typically begins with a small amount of financial resources.

Detailed explanation-3: -The Business Plan: a written description of a new business venture that describes all aspects of the business and is not only used by the entrepreneur but also by potential investors and financing agencies.

Detailed explanation-4: -A business plan is a written description of the company’s future; it is a formal statement of the business’s goals, reasons they are attainable, and plan for reaching these goals. A business plan should include a business model, detailed information on your target market, financial projections and assumptions.