Describe the purposes of business planning

https://openpress.usask.ca/entrepreneurshipandinnovationtoolkit/chapter/chapter-5-business-planning/Learning Objectives:Describe the purposes of business planning.Describe common business planning principles.Read Chapter 5 in your textbook (Links to an external site.):For this module’s discussion, explain in your own words1. The internal and external purposes of a business plan. 2. The business plan communication and credibility principles. Post a substantive response to all parts of the initial discussion prompt.Post at least one substantive response to a classmate’s response by clicking the “Reply” button.