Business Plan (Entrepreneurial Finances) - Definition, Examples, Advice | Bolder Money

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Definition

Writing down the goals, strategies, and steps for running a company. A clear plan guides daily decisions and helps when talking to investors.

What to consider

Keep the plan detailed yet flexible.
Update it as the business evolves.
Use it as a strategic roadmap for decisions.

Real world scenarios

Emily drafted a comprehensive plan for her online boutique, outlining market segments and strategies.
A tech startup in San Francisco used its business plan to secure funding from angel investors.
A local restaurant updated its plan annually to include new menu ideas and expansion goals.

Related terms

Entrepreneurial Finances

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