The business plan is a vehicle for communicating with potential investors.

Question

Quizplus · Accepted Answer

The business plan serves as a tool for presenting a company's vision, goals, strategies, financial projections, and other vital information to potential investors, partners, lenders, or stakeholders. It is a comprehensive document that outlines the feasibility, viability, and potential of a business idea or project, as well as its market analysis, competitive landscape, and operational roadmap. By creating a compelling and persuasive business plan, entrepreneurs can showcase their expertise, innovation, and value proposition to attract funding or support for their venture.

The Business Plan Is a Vehicle for Communicating with Potential