Business plan definition - For every business, it is the vital first step. It is the blueprint that sets you going towards your goals. Look upon it as the roadmap that tells you and the world how you expect your company to achieve its stated objectives.

A business plan has often been defined as a comprehensive document that clearly describes how the entrepreneur intends to operate his business. You can also define a business plan as an important communication tool that details the financial strategy and goals of the organization. This definition is true for both existing and proposed business.

Find in the plan a detailed outline of the resources needed to realize the developmental objectives of the business. What are these resources, how will they be gathered, and from where will they be sourced