business plan |
Definition
Set of documents prepared by a firm's management to summarize its operational and financial objectives for the near future (usually one to three years) and to show how they will be achieved. It serves as a blueprint to guide the firm's policies and strategies, and is continually modified as conditions change and new opportunities and/or threats emerge. When prepared for external audience (lenders, prospective investors) it details the past, present, and forecasted performance of the firm. And usually also contains pro-forma balance sheet, income statement, and cash flow statement, to illustrate how the financing being sought will affect the firm's financial position.
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business plan is in the Entrepreneurship, Management, & Leadership and Planning & Scheduling subjects.
business plan appears in the definitions of the following terms: master production scheduling (MPS), pro forma statement, loan application, executive summary and sales forecast
business plan appears in these other term: strategic business plan
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