The business plan admits the entrepreneur to the investment process. Without a plan furnished in advance, many investor groups won’t even grant an interview. And the plan must be outstanding if it is to win investment funds. Too many entrepreneurs, though, continue to believe that if they build a better mousetrap, the world will beat… Read more: How to Write a Winning Business Plan

Business development is the process of planning for future growth by identifying new opportunities, forming partnerships, and adding value to a company. It involves understanding the target audience, market opportunities, and effective outreach channels to drive success. Business development may involve objectives around sales growth, business expansion, strategic partnerships, and increased profitability. The process impacts… Read more: What Is Business Development?