Business plan

Business plan,

Definition of Business plan:

  1. Set of documents prepared by a firms management to summarize its operational and financial objectives for the near future (usually one to three years) and to show how they will be achieved. It serves as a blueprint to guide the firms policies and strategies, and is continually modified as conditions change and new opportunities and/or threats emerge. When prepared for external audience (lenders, prospective investors) it details the past, present, and forecasted performance of the firm. And usually also contains pro-forma balance sheet, income statement, and cash flow statement, to illustrate how the financing being sought will affect the firms financial position.

  2. A business plan is a written document that describes in detail how a business — usually a startup — defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from each of a marketing, financial, and operational standpoint.

  3. A document setting out a businesss future objectives and strategies for achieving them.

  4. Business plans are important documents used to attract investment before a company has established a proven track record. They are also a good way for companies to keep themselves on target going forward.

How to use Business plan in a sentence?

  1. A business plan is a written document describing a company's core business activities, objectives, and how to achieve their goals.
  2. Businesses may come up with a lengthier traditional business plan or a shorter lean startup business plan.
  3. The company is scheduled to pitch its business plan in June.
  4. Good business plans should include an executive summary, products and services, financial planning, marketing strategy and analysis, financial planning, and a budget.
  5. Startup companies use business plans to get off the ground and attract outside investors.
  6. The company published its most recent business plan in 2014 and distributed it to a group of potential investors and other interested parties.
  7. The investors knew the business plan was going to change with the ever changing markets but they liked the direction the company was going at the particular moment.
  8. Ellen started to worry about the new management when they unveiled a vague and somewhat unrealistic business plan during the first meeting with the entire staff.

Meaning of Business plan & Business plan Definition