In this assignment, we discuss about the business plan which may be a document that explicitly states the goals and strategies of a company. A business plan outlines a documented strategy for the company's operations, finances, and marketing. Business plans are used by both new and established businesses. A business plan is an important document aimed at both internal and external audiences for a corporation. As an illustration, a business plan is used to solicit funding prior to the establishment of a solid track record for the company. It may also assist in obtaining financing from financial organizations.