Whatever your reason for writing a business plan, the task will probably still feel like a homework assignment. A business plan is a roadmap describing a business, its products or services, how it earns or will earn money, its leadership and staffing, its financing, its operations model, and many other details essential to its success. Investors rely on business plans to evaluate the feasibility of a business before funding it, which is why business plans are commonly associated with getting a loan. Business planning is often used to secure funding, but plenty of business owners find writing a plan valuable, even if they never work with an investor.
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A business plan is a written description of your business's future. That's all there is to it--a document that desribes what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan. Business plans can help perform a number of tasks for those who write and read them. They're used by investment-seeking entrepreneurs to convey their vision to potential investors.
Last Updated: April 26, References Approved. This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. There are 17 references cited in this article, which can be found at the bottom of the page.
Business logic is the custom rules or algorithms that handle the exchange of information between a database and user interface. Business logic is essentially the part of a computer program that contains the information in the form of business rules that defines or constrains how a business operates. Such business rules are operational policies that are usually expressed in true or false binaries. Business logic can be seen in the workflows that they support, such as in sequences or steps that specify in detail the proper flow of information or data, and therefore decision-making. Business logic is also known as "domain logic.