6.  +Explain+the+various+purposes+for+a+business+plan+and+the+audiences+for+it.

Formally, the definition of a business plan is a set of ideas, goals and objectives, plans, and how to reach them. It is the formal document a business uses as the blueprint for an entity that provides a good or service, and allows that entity to achieve organization. It can contain financial information as well as where that particular organization stands in regards to customer satisfaction and beliefs concerning their product. A business plan has serves several purposes including preparing a detailed set of "instructions" for the development of a business and provide information indicating financial goals and possibilities to be shown to potential investors.

The Audience a business plan serves can be either outside the company, such as financial stakeholders, or within the company, such as the managment. It is a detailed account of the goals and plans to achieve them. Within the company, the business plan works to give an indication of what actions need to be performed and what goals need to be met in order achieve its external goals, such as recieve an investment.