What is a business plan?
A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized.
It communicates a viable business idea. We communicate with employees, suppliers, investors, financial institutions and other stakeholders. The main reason for this communication is to convince stakeholders that the new venture will be successful and it is worthwhile to invest in the enterprise. (Refer to Factsheet