Budgets must link Strategies to objectives, so budgeting is a tactical implementation of the business plan.
A business plan is a detailed document that outlines a company's objectives and how it intends to achieve them. A business plan is a documented blueprint for the company's marketing, financial, and operational goals. Business plans are used by both startups and established businesses. A business plan is a formal written document that contains the goals of a company, the strategies for achieving those goals, and the time frame for achieving those goals.
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