Question

A business plan is a written description of your business's future. That's all there is to it--a document that describes what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan.

Business plans can help perform a number of tasks for those who write and read them. They're used by investment-seeking entrepreneurs to convey their vision to potential investors. They may also be used by firms that are trying to attract key employees, prospect for new business, deal with suppliers or simply to understand how to manage their companies better.
1.Explain the meaning of a business plan

Answer 1

A business plan is a written description of a business's future goals and strategies, used to attract investors and communicate the vision of the business. It outlines what the business intends to do and how it plans to achieve it.

Step-by-step explanation:

A business plan is a written description of a business's future goals and strategies. It outlines what the business intends to do and how it plans to achieve it. Business plans serve multiple purposes, including attracting investors, recruiting key employees, prospecting for new business, managing the company effectively, and dealing with suppliers. For example, an entrepreneur seeking investment may use a business plan to communicate their vision and potential return on investment to potential investors.