ENTREPRENEURSHIP

Detailed explanation-1: -Business Plan is a written document that describes the business idea and all the relevant internal and external elements involved in launching a new venture.

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: -Finally, and most importantly, it is not a static document. With the company’s growth, it needs to change by incorporating more relevant information and goals. The outline of a business plan should be prepared from three perspectives – first, the market; second, the investors; and finally, the company.