Meaning of the word "business plan" in English

What does "business plan" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

business plan

US /ˈbɪz.nɪs ˌplæn/
UK /ˈbɪz.nɪs ˌplæn/
"business plan" picture

Noun

1.

a detailed proposal outlining the objectives, strategies, and financial projections of a new or existing business

Example:
Before starting the company, they developed a comprehensive business plan.
Investors often ask to see a detailed business plan before committing funds.
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