A business plan is a comprehensive, written description of the business of an enterprise. It is a detailed report on a company’s products or services, production techniques, markets and clients, marketing strategy, human resources, organization, requirements in respect of infrastructure and supplies, financing requirements, and sources and uses of funds.
The business plan describes the past and present status of a business, but its main purpose is to present the future of an enterprise. It is normally updated annually and looks ahead for a period of usually three to five years, depending on the type of business and the kind of entity.
It is a crucial element in any application for funding, whether to a venture capital organization or any other investment or lending source. Therefore, it should be complete, sincere, factual, well structured and reader-friendly.

ARTICLE CONTRIBUTED BY:

logoBPlan Experts (www.bplanexperts.com)

BPlan Experts is one of the world’s top business planning and startup consulting firms. With over 1800 clients located across 80 countries, BPlan Experts is an authority in startups and entrepreneurship. BPlan Experts specializes in providing end to end support to entrepreneurs and startups to include ideation, feasibility. business planning, funding assistance, implementation support, and scaling up of operations.


Interested in startup resources like these?

Subscribe to our newsletter to get free access to our articles, resources, giveaways and freebies.
Your First Name
Field is required!
Field is required!
Your Last Name
Field is required!
Field is required!
Enter your e-mail...
Invalid email address
Invalid email address
This website uses cookies and asks your personal data to enhance your browsing experience.