Editing Business plan (section)

== Uses ==
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*[[Education]]
**Business plans are used in some primary and secondary programs to teach economic principles.  
:*[[Wikiversity]] has a [[v: Lunar Boom Town|Lunar Boom Town]] project where students of all ages can collaborate with designing and revising business models and practice evaluating them to learn practical business planning techniques and methodology

*Fundraising
Fundraising is the primary purpose of many business plans since they are related to the inherent probable success/failure of the company risk.
:*[[Angel investor]]s
:*[[Business loan]]s
:*[[Grant (money)|Grants]]
:*[[Startup company]] funding
:*[[Venture capital]]

*Internal use
:*[[Management by objectives]] (MBO) is a process of agreeing upon objectives (as can be detailed within business plans) within an organization so that management and employees agree to the objectives and understand what they are in the organization.
:*[[Strategic planning]] is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Business plans can help decision-makers see how specific projects relate to the organization's strategic plan.
:*[[Total quality management]] (TQM) is a business management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing, education, call centers, government, and service industries, as well as NASA space and science programs.