Select the TRUE statement about business plans. Business plans do not include goals and plans for achieving those goals. Business plans cannot be written after the company starts up$.$ A business plan guides the company operations and outlines a strategy for turning an idea into a reality. Investors and lenders are not interested in formal business plans, they just want an elevator speech $(3$ minutes$)$ from the entrepreneur. The operations part of the business plan provides data that will persuade an investor that the entrepreneur understands their target market.