ELI5: Explain Like I'm 5

business plan

A business plan is like a map for a business. It's a document that tells you what your business should do, how it will make money, and how it will deal with any problems that might come up. It's like a plan for a very big project. It can help you decide how to start, run and grow your business. Think of it like a blueprint for your company. A business plan can make sure you stay on the right track and make sure you reach your goals.