A business plan has at least three main objectives namely:
- As an Action Plan
- As a Road Map
- As a Sales Tool
Further Explanation
1. As an Action Plan
A business plan will help to move and take business action. We may have long thought about starting a business, but the process may seem like something that is 'scary' and too complex.
A business plan will help to break down the process into smaller, clearer parts. Thus a large business problem can be seen as a sequence of small problems. And by solving
small problems referred to, automatically large problems will also be solved. So writing a business plan will help in taking business action by dividing big problems into small problems that are not too complicated.
2. As a Road Map
Instantly starting a business, business planning will be a very useful tool so that the business stays in the desired direction. In the frenzied daily business activity, it is very easy for someone to lose the direction of the business to achieve the goals to be achieved. A business plan helps to stay focused in the desired direction to achieve the stated goals. Also, business planning will help others to understand the vision of the business to be run, including suppliers, workers, business partners, friends, and family.
3. As a Sales Tool
Perhaps the most important thing is that a business plan is a sales tool, so a business plan is a tool that can be used to convince investors to place their investments in the business.
A well-written business plan will bring business managers closer to those who see that the business idea offered will also benefit them.
Learn more
the purpose of a business plan https://brainly.com/question/4255855
Details
Grade: High School
Subject: English
keywords: business plan
