The definition of a business plan is a format statement about how a business will be run including the goals of the business, what will be done to reach the goals, the projected income and the projected expenses to reach the goals.noun
An example of a business plan is a document stating how advertising will be used to promote a new product.YourDictionary definition and usage example. Copyright © 2013 by LoveToKnow Corp.
business plan - Investment & Finance Definition
A comprehensive plan written by a potential or current small-business owner who is attempting to obtain venture capital financing, a bank loan, or other financing. The business plan is a blueprint for how the company intends to perform. It must spell out the company’s product or service, give a synopsis of its history, explain how the company is superior to its competition, and outline how it intends to be successful in its target market. Sales projections must be included in the business plan, along with financial performance statistics and future projections. The background, qualifications, and job functions for key players and managers also are included.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.