Question

“A business plan is a written description of your business's future, a document that tells
what you plan to do and how you plan to do it.” What factors are to be considered while
preparing it?

Answer 1

Explanation:

A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of one. Business plans are inherently strategic.