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Apr 10, 2024 · Business plans go by many names: Strategic plans, traditional plans, operational plans, feasibility plans, internal plans, growth plans, and more. Different situations call for different types of plans. But what makes each type of plan unique? And why should you consider one type over another?
Jun 24, 2022 · In this article, we explain the different types of business plans and how to use them effectively. What is a business plan? A business plan is a guide that defines objectives and details the steps to take to achieve a particular business goal.
- Startup business plan. The startup business plan is a comprehensive document that will set the foundation for your company’s success. It covers all aspects of a business, including a situation analysis, detailed financial information and a strategic marketing plan.
- Feasibility business plan. Let’s say you started a boat rental company five years ago. You’ve steadily grown your business. Now, you want to explore expanding your inventory by renting out jet skis, kayaks and other water sports equipment.
- One-page business plan. Imagine you’re a software developer looking to launch a tech startup around an app that you created from scratch. You’ve already written a detailed business plan, but you’re not sure if your strategy is 100% right.
- What-if business plan. Pretend that you’re an accountant who started their own financial consulting business. You’re rapidly signing clients and growing your business when, 18 months into your new venture, you’re given the opportunity to buy another established firm in a nearby town.
- Internal Versus External. A business plan can be internal or external. The trait refers to the plan’s audience: An internal plan is just for people inside your business, and typically a specific subset of people inside your business, such as the marketing or HR department.
- Lean Versus Standard. You can also categorize business plans by scope — how deep they go into the subject matter. A lean business plan provides the highlights (maybe 10 pages total), while a standard business plan provides the whole picture (maybe 40 pages total).
- Types Of Business Plans. Business plans vary in format and content depending on their purposes. In my experience, some of the more common types of plans include
- Startup Plan. Audience: External. Depth: Standard. Purpose: Development of a blueprint for building a successful business, secure funding. The startup plan’s purpose is to lay out the steps and details of getting a new venture up and running and provide a framework for the successful future of your business; often, its purpose is also to secure funding from outside sources.
Feb 1, 2024 · On this page: show. What is a business plan? A business plan is a roadmap for your business. It outlines your goals, strategies, and how you plan to achieve them. It’s a living document that you can update as your business grows and changes. Looking for someone to write a business plan?
Jun 28, 2024 · A business plan is a comprehensive document that outlines a company's goals, strategies, and financial projections. It provides a detailed description of the business, including its products or services, target market, competitive landscape, and marketing and sales strategies.
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5 main types of business plans: Startup business plan. One-pager business plan. Operational business plan. Feasibility business plan. Growth business plan. Browse business plan templates. Try our AI business plan creator. Aligning your strategy with the wrong type of business plan leads to failure.
