business plan

noun

plural business plans

: a plan that lays out a business's objectives and its strategies for achieving those objectives usually over a certain period of time

a 5-year business plan

Having a well-written and thorough business plan shows lenders you have a solid strategy and vision for growth.

—Maya Johnson

The three of us drew up a business plan, estimated our start-up capital at $200,000 and quickly agreed on rules to govern our partnership.

—Fred Martin

The goal is to buy into emerging companies that are poised for runaway growth because of promising business plans or technology.

—Sara Robinson

business planning noun

The series will guide participants through a journey of self-discovery, business planning, operational strategies, goal setting, networking and resource utilization.

—Sun Journal (New Bern, North Carolina)

Word History

First Known Use

1833, in the meaning defined above