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BUSINESS PLAN - Essay Example

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A business plan is a tool that represents the strategic plan of a business and comprises of essential elements such as the mission of…
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BUSINESS PLAN
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"BUSINESS PLAN"

Download file to see previous pages The business plan contains financial details of the operations of the company that the company will need in present as well as in future. These financial details comprises of ratio analysis and different strengths and weaknesses of the company in monetary terms (Parrino, 2012). Business plans are used by organizations in order to attract investors and even to obtain funds on the basis of loans in order to pursue their strategic options. The investors use this business plan in order to determine whether to invest money in the business and the lenders such as bank use these business plan to determine how successful the business will be in future and whether the business will be able to pay off its loans in future or not (DeThomas, 2008). Similarly, the investors make use of the business plan in order to identify whether they will gain profits from investing in the plan or the plan will fail and cause ...Download file to see next pagesRead More
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