English · Work & Business
business plan
/ˈbɪz.nəs plæn/
[/ˈbɪz.nəs plæn/]
document outlining a business
Intermediatenoun
Definition
A written document that describes a business's goals and how it plans to achieve them.
Example
The bank asked to see a detailed business plan before agreeing to give the loan.
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.