A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.
Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. When the existing business is to assume a major change or when planning a new venture, a 3 to 5 year business plan is required, since investors will look for their annual return in that timeframe.
Read more about Business Plan: Audience, Content, Presentation Formats, Open Business Plans, Not For Profit Businesses, Satires
Famous quotes containing the words business and/or plan:
“Our business being to colonize the country, there was only one way to do it—by spreading over it all the associations and connections of family life.”
—Henry Parkes (1815–1896)
“If you should ever acknowledge my existence, I plan to snub you.”
—Mason Cooley (b. 1927)