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Business plan definitionQuestion What is the definition of a "business plan"?
Answer A business plan is a management document that outlines, details and communicates how a business is to be created, developed and operated. It focuses on the people, facts, financial, strategic and vision. A typical business plan will have all or most of the following fundamental elements:
- Executive summary - Business description - Marketing strategies - Competitive analysis - Design and development plan - Operations and management plan - Funding plan - Financial forecast - Resumes of principles - Supporting documents as appropriate A business plan serves as a management road map, as well as a tool for acquiring a bank loan or attracting investors. Search again for other business plan information. 
Brain Trust contributor:
Author of Instant Profits: Making Your Business Pay
Related Categories: Banking, Business Buying And Selling, Business Planning, Business Start Up, Business Structure, Communication, Entrepreneurship, Investors, Management, Team Building
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