The document outlines the importance of a business plan as a written document that defines business goals and strategies for achieving them. It highlights the purposes of a business plan, such as team alignment, operational planning, communication, and attracting investment. Additionally, it lists ten reasons why a strong business plan is essential for business success, including attracting investors and setting financial milestones.

1. Building a Business Plan
by- Samyak Veera

2. A Business Plan is a written document that defines
the goals of your business and describes how you will
attain those goals.
What is a Business Plan?

3. Purpose of a Business Plan
•
Alignment of team(s)
•
Operating plan
•
Communication across company,
division,department, business
partners
•
Investment capital

4. Importance of Business Plan
The Business Plan is by far the most important
element in starting and effectively operating a
company. A Business Plan gives each company and its
management team a "blueprint" to follow as to how
the business will achieve the goals set forth prior to
the start of business.

5. 10 Reasons Why You Need a Strong
Business Plan
To attract investors
To see if your business ideas will work.
To set up milestones.
To learn about the market.
To secure additional funding or loans.
To determine your financial needs.

7. Samyak Veera