ENTREPRENEURSHIP

Detailed explanation-1: -A business plan is a document that contains the operational and financial plan of a business, and details how its objectives will be achieved. It serves as a road map for the business and can be used when pitching investors or financial institutions for debt or equity financing.

Detailed explanation-2: -Business plans help you run your business A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.

Detailed explanation-3: -Writing an entrepreneur business plan can help you think deeply about your business and the strategic steps you will take to achieve your goals. The plan can crystallize your idea and affirm the amount and type of funding needed to start and grow your venture.