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What is Business plan?

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What is Business plan?

Posted by Vinay Kumar 3 years, 6 months ago

CBSE > Class 12 > Entrepreneurship

1 answers

Yogita Ingle 3 years, 6 months ago

(i) A business plan is a comprehensively written down document prepared by the entrepreneur describing formally all the relevant external and internal elements involved in starting a new venture.
(ii) It is a ‘road map’ required by the venture to evolve from an early start up to a mature business.
(iii) It workout all the relevant external and internal elements involved in starting a new venture and then running it successfully.
(iv) It is a formal statement of a set of business goals to be achieved by the enterprise.

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