Business Plan

Refers to a comprehensive document that outlines a company’s goals, strategies, and financial projections. It typically includes an executive summary, market analysis, company description, marketing and sales strategies, product or service offerings, management and organizational structure, and financial projections. A well-written business plan is essential for securing financing, attracting investors, and guiding the growth and development of a business.

A business coach may ask their client to create a detailed business plan that outlines their goals, target audience, marketing strategies, financial projections, and any challenges they may face. By doing so, the business coach can help their client identify potential roadblocks and develop actionable steps to achieve their goals. A well-crafted business plan can also serve as a roadmap for the business owner, keeping them focused and on track towards success.

Business Plan DEFINITION:

1.A written document outlining a company's goals, strategies, and financial projections. 2.A written document outlining a company's objectives, strategies, and projected financials for a specific period.

Business Plan QUOTE:

1."Writing a business plan is like wearing a helmet. You hope you won't need it, but it's better to have it on just in case." 2."A business plan is like a recipe, except instead of food, you're cooking up profits and praying for no burnt bridges."