The purpose of a business plan is to secure financing for the start-up.

Name: The purpose of a business plan is to secure financing for the start-up.
Brand: Quizplus
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Quizplus · Accepted Answer

While securing financing is a common reason for creating a business plan, it is not the sole purpose. A business plan also outlines goals, strategies, marketing plans, expected expenses and profits, and helps entrepreneurs identify potential obstacles and solutions.

The Purpose of a Business Plan Is to Secure Financing