Business Plan
A business plan is a formal written document that outlines a company's goals, strategies, market analysis, financial projections, and operational plans. It serves as a roadmap for starting and growing a business, helping to secure funding, guide decision-making, and communicate the business vision to stakeholders. For developers, understanding business plans is crucial for aligning technical work with business objectives and contributing to product strategy.
Developers should learn about business plans when involved in startups, product development, or entrepreneurial ventures to ensure their technical efforts support business goals and attract investment. It's particularly useful for tech founders, product managers, and senior engineers who need to justify resource allocation, pitch ideas to investors, or plan scalable solutions that align with market needs and financial constraints.