business plan (/ˈbɪz.nəs plæn/)
noun · Intermediate · Work & Business
🔊 /ˈbɪz.nəs plæn/
Meaning
Meaning: document outlining a business
A written document that describes a business’s goals and how it plans to achieve them.
Examples
🗣 The bank asked to see a detailed business plan before agreeing to give the loan.
Etymology
A compound of ‘business’ (Old English ‘bisignis’, care, anxiety) and ‘plan’.
How & Where It’s Used
Used by entrepreneurs to plan and raise funding.
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Tags: business, planning