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Business plan academic definition

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or they can be non-profit organizations that operate to fulfill a charitable mission or further a social cause. The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit. Businesses range in scale from a sole proprietorship to an international corporation.
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Sample Business Plan

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How to Write a Winning Business Plan

Different businesses have different goals and take different routes to fulfil those goals. These routes constitute the business strategies of these businesses. Here is an article to help you understand business strategy to fullest by answering your questions and clearing your doubts about everything related to it. A business strategy is the combination of all the decisions taken and actions performed by the business to accomplish business goals and to secure a competitive position in the market. It is the backbone of the business as it is the roadmap which leads to the desired goals. Any fault in this roadmap can result in the business getting lost in the crowd of overwhelming competitors. A business objective without a strategy is just a dream.
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What Are The Components Of A Business Plan?

A business plan is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road. The time you spend making your business plan thorough and accurate, and keeping it up-to-date, is an investment that pays big dividends in the long term. Your business plan should conform to generally accepted guidelines regarding form and content. Each section should include specific elements and address relevant questions that the people who read your plan will most likely ask.
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As a form of persuasive writing, a proposal attempts to convince the recipient to act in accordance with the writer's intent and at the same time, it outlines the writer's goals and methods. There are multiple types of business proposals and one type of academic proposal—the research proposal. As different as these may be, they all follow a certain set of guidelines. In the book "Knowledge Into Action," Wallace and Van Fleet remind us that "a proposal is a form of persuasive writing; every element of every proposal should be structured and tailored to maximize its persuasive impact. In composition , especially in business and technical writing , a proposal is a document that offers a solution to a problem or a course of action in response to a need.
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