Abstract
Starting a new business requires (for any entrepreneurs) time and efforts in preparing the launch of the business. These days' businesses should have a solid foundation in order to be the efficient and profitable. Entrepreneurs determine every characteristic of their projects and understand the market based on financing, staffing and other managerial decisions should be undertaken. Drafting a business plan is a necessary step to have a personal long-term vision and enable the third parties (investors) to understand the goals of a project. Forecasts represent the key issue of a business plan, as it will enable third parties to know what will be the expected sales and profits in the short or long term. A business plan is an essential tool for entrepreneurs to attract the investors. Attracting investors is not so easy, for which the entrepreneurs must be fully prepared.
