Estes Kennedy has decided that he will open a used bookstore as a sole proprietorship. His next step is to write which of the following before he applies for a business loan?

Question

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A business plan is a formal written document that outlines the goals, mission, vision, strategies, and financial projections of a business. It is necessary for obtaining funding from investors or lenders. A venture prospectus is a similar document used in the process of raising capital for a business, but it is typically more focused on the investment opportunity itself rather than the details of the business operations. A business essay and a market perspective are not standard documents used for obtaining a business loan.

Estes Kennedy Has Decided That He Will Open a Used