Explain the purpose of a business plan.
Answers
Answered by
1
Answer:
A business plan is an effective means of defining your goals and the steps needed to reach them. It spells out your purpose, vision and means of operation. It also serves as your company's resume, explaining your objectives to investors, partners, employees and vendors
Explanation:
Answered by
0
Answer:
Explanation:
A Business Plan allows a business to apply for loans, overdrafts as the bank will ask for a business plan before granting the business loans
Secondly a business plan provides careful planning to new businesses and thus helps to reduce risks. In other words it helps the business to make better decisions for its good running
Similar questions