Full disclosure of what aspects are the key to an effectivebusiness plan
Expert Answer
A business plan is written to fulfil the following purposes:
- To give a clearer vision to the business
- To serve as a roadmap for the business
So, an effective business plan must have the followingfeatures:
- An apt executive summary
- A brief company description
- Industry and market analysis for the business
- Competitive analysis
- Financial summary of business