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Home Definitions

What is a Business Plan? Definition or Meaning

Posted by Bizversity

A business plan is a roadmap of your goals, targets in terms of profits, sales or markets to crack and ideas on how you will get there and who will help you along the way. Rome wasn’t built in a day and a business also needs hard work and planning to be great.

For example…

Let’s pretend that you wanted to start a florist business with the aim of being the best in your city. Your business plan would outline the steps you would take to get there – 1) Offer flower orders through an app in 3 months. 2) Expand your range by importing flowers by the end of the year. 3) Offer innovative wrapping in the second year and so on.

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