ENTREPRENEURSHIP

Detailed explanation-1: -Develop a Business Plan. A detailed proposal that describes a new business. Presented to potential investors and lenders. Most business plans are 30 pages or more. Purposes of a business plan.

Detailed explanation-2: -A business plan is a fundamental document that any new business should have in place prior to beginning operations. Indeed, banks and venture capital firms often require a viable business plan before considering whether they’ll provide capital to new businesses.

Detailed explanation-3: -The primary function for a proposal is to solicit or grow a business opportunity. You can look a business plan as more of an internal document. A proposal on the other hand is an external document used for presenting or selling the business to an external player.