Management Notes

Reference Notes for Management

Key elements of a Business Plan – Components of a Business lan | Parts of a business plan

Key elements of a Business Plan

What is a Business Plan 

A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them.It is a written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement. A business plan is also regarded as a business roadmap that provides directions so a business can plan its future and helps it avoid bumps in the road.

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