Business Terminology 101 pt.3

Welcome to my blog on business terminology, where I share terms that are either misused, misunderstood, frequently used or terms you will need to know in business.

Today’s Terms:

Business- An organization or entity where goods or services are exchanged for money.

Business Plan- A written document that describes in detail how one will achieve business goals. It provides details on management, financial, marketing and operational events of the business.

 

A business plan is a business’ road map to success. It provides clarity on how the business will function in each aspect. Successful businesses pay tribute to having a business plan.

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