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MLA
Subject:
Business & Marketing
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Essay
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English (U.S.)
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Topic:

Business Plan

Essay Instructions:

https://www(dot)slideshare(dot)net/nanuandpankoo/financial-resources-for-new-ventures?qid=ed84a580-f590-4293-9589-6f5064861753&v=&b=&from_search=1

https://www(dot)youtube(dot)com/watch?v=MYVL1XHeB74&feature=youtu.be



What is the main reason for writing a business plan?





Should people who want to start a small business write a business plan? Explain your answer.

Essay Sample Content Preview:
Student's Name
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Business Plan
As an architect uses a blueprint to ensure that a building will be architecturally sound, a business person also needs a business plan to establish whether their business will be strong from the beginning. A business plan is described as a written document that outlines the business plan for a specific time. It illustrates the vision and mission of the business and serves as a guide as the business progresses. A business person may need to write a business plan for various reasons, convincing investors and potential lenders to fund their business.
Many business funding experts agree that a good business idea is not enough to be formulated, executed, and implemented. Potential investors and lenders require a written business plan that demonstrates the likelihood of success and how much money is needed to take off before deciding to support the business financially. Lenders look for specific details in a business plan, such as how revenues are generated, the market and competition of the bu...
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