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The objectives and targets of a business plan are very straightforward and goal oriented. The main purpose of a business plan is to guide the entrepreneur form where he should start and where he must reach. The purpose of preparing a business plan is to determine the chronological action plan to start a business.What is the meaning of a business plan?
A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint. ... Sometimes, a business plan is prepared for an established business that is moving in a new direction.When to write business plan?
if you write your business plan yourself, it is not unheard of that founders take months to write a valid and professional business plan. Depending on the degree of required research and level of detail demanded by the respective business plan recipient, you will be investing anywhere between 12–80+ hours.