Key Elements of a Business Plan.

A business plan is a strategic instrument devised to help entrepreneurs transform their ideas into full-fledged businesses, track their future goals and attract investors.

A business plan has several key components that need to be kept in mind while drafting it. In this article, we will be discussing these components and their roles in creating a proper plan.

Revenue Model

A revenue model is a blueprint for generating revenue. Which source of revenue should be pursued, what value could be offered, how the offering could be priced, and who pays for the value, are the moot questions here.

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