WHAT IS A BUSINESS PLAN?
A business plan is an outline of your business, which typically describes your business and the products and/or services it offers. It also includes financial information, your vision, budgets, financial and operational objectives, as well as strategies to show how these objectives will be met. It can be written for various reasons, such as internal purposes or to secure funding.
WHO CAN BENEFIT FROM A BUSINESS PLAN?
An ideal business plan evolves and progresses with your business; it is updated as your company changes and it assists you in the decision-making process during any stage of the business cycle. A company in any phase can reap its benefits.