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Before seeking financial backing for his new business, Tyler puts together a concise document explaining the nature, mission, and goals of his new business and its expected costs and potential. Tyler has constructed a

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Answer:

Business plan

Step-by-step explanation:

A business plan is an outline that shows the objective of a business, the methods by which these objectives can be achieved, and the time frame within which the the goals need to be attained.

It serves as a roadmap that shows strategies a business intends to use to attain it's financial projections.

Before seeking financial backing for his new business, Tyler puts together a concise document explaining the nature, mission, and goals of his new business and its expected costs and potential. This is a business plan that needs to be in place before Tyler seeks financial backing

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