The primary purpose of building a business plan is to raise capital.

Name: The primary purpose of building a business plan is to raise capital.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While raising capital can be a reason for creating a business plan, the primary purpose is to provide a roadmap for the business and guide decision-making. A well-constructed business plan can also help attract investors, but it serves many other important functions in addition to raising capital.

The Primary Purpose of Building a Business Plan Is to Raise