ENTREPRENEURSHIP

Detailed explanation-1: -A business plan is a document created by a company that describes the company’s goals, operations, industry standing, marketing objectives, and financial projections.

Detailed explanation-2: -A business plan is a written document that details a proposed venture. It must illustrate the current status, expected needs, and projected results of the new business. The business plan represents the entrepreneur’s roadmap for a successful enterprise.

Detailed explanation-3: -A business plan is an essential written document that provides a description and overview of your company’s future. All businesses should have a business plan. The plan should explain your business strategy and your key goals to get from where you are now to where you want to be in the future.

Detailed explanation-4: -A project proposal is a document that describes a proposed project and its purpose, outcomes, and the steps that will be taken to complete the project.

Detailed explanation-5: -Scarborough (2013) defines a business plan as a written summary of an entrepreneur’s proposed business venture, its operational and financial details, its marketing opportunities and strategy, and its managers’ skills and abilities.