The purpose of the business plan is to obtain a start-up loan which will be used to buy equipment and supplies, lease office space, and hire staff for the dental practice.
The main purpose of a business plan is to raise funding for a new enterprise. Without a good business plan, you will find it difficult to induce lenders or investors to fund you the money you need to start up or expand your business, or capitalize on an opportunity.
But it's more than just a way of impressing would-be investors. An effective business plan also ensures that everyone on your business team knows the direction of the business and is committed to the same goals and objectives. The business plan clarifies the business' targets and develops a strategy for meeting those targets.
The Business Plan includes :You need a solid business plan in order to demonstrate to lenders and investors that your business model is sound and well thought out.
