Question

Daniel wanted to start his own small business. After spending his own money on marketing research, Daniel asked his friend Chase to be his accountant. They spent a few months writing a business plan, which then they presented to a bank. Daniel:

Answer 1

Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.

What is a business plan?

This is a plan that shows the details of a business company. The document shows the objectives that the company has.

This document also tells how the business plans to go about achieving all the goals that it has set for itself.

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