Business Plan

What Does 'Business Plan' Mean?

A business plan is an informal planning tool, it includes all the necessary details on how to launch a given service or product on market. It contains, between another things, a schedule for utilize of capital resources, plus an assess of profits that could be achieved. It also contains the tasks and objectives that the entrepreneur wants to accomplish, the analysis of market surrounding the organization, presenting the technologies used in production, their impact on environment and energy consumption. the most necessary thing is that it should be written in a language that's clear and understandable, plus readable for potential recipient. We divide the business plan into internal, i.e. used inside the organization, and external, presented to all institutions offering, as an example, subsidies or loans for operations.

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See also: Glossary [ B ]