The primary purpose for developing a business plan is:

Question

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The primary purpose for developing a business plan is to obtain financing for the business. A well-written business plan can help attract investors and lenders by demonstrating the viability and potential profitability of the business. While a business plan may also include information on the founding history of the business and the qualifications of the new business owner(s), these factors are not the primary purpose of the plan. The chartering of the new business with the province in which it is located is a separate legal step that may be required, but it is not necessarily related to the development of a business plan.

The Primary Purpose for Developing a Business Plan Is