Chapter 5: Business Plan, Reports & Proposals Business Plan ● A business plan is a written document that describes in detail a company's objectives and how it plans to achieve its goals. It is a roadmap for the business, outlining its strategy, operations, marketing, and financial plans. ● A business plan can be used for a variety of purposes, including: ○ To attract investors or lenders ○ To guide the company's operations ○ To set goals and track progress ○ To identify and mitigate risks ○ To communicate the company's vision to employees and stakeholders ● There are four main types of business plans: 1. Mini-plans : These are short, concise plans that are typically used by small businesses or startups. 2. Presentation plans : These are more detailed plans that are designed to be presented to investors or lenders. 3. Working plans : These are comprehensive plans that are used to guide the day-to-day operations