initial business plan definition

A business plan is an executive document that acts as a blueprint or roadmap for a business. It is quite necessary for new ventures seeking capital, expansion activities, or projects requiring additional capital. It is also important to remind the management, employees, and partners of what they represent.

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Creating a business plan is an indispensable part of any business. The main purpose of creating such a document is to attract prospective investors to provide capital to the enterprise. Therefore, the plan should cover all the important perspectives of a business – financial, operational, personnel, competition, etc.

Frequently Asked Questions (FAQs)

Business Plan Explained

Business plan writers are responsible for crafting the face of a business organization they hope to build. It cannot be easy because a business plan should be a versatile document that covers various perspectives and aspects of the business that the readers might expect.

It should talk about the company’s unique selling proposition ( USP ), business culture, and what the company is. Finally, and most importantly, it is not a static document. With the company’s growth, it needs to change by incorporating more relevant information and goals.

The outline of a business plan should be prepared from three perspectives – first, the market; second, the investors; and finally, the company. However, most plans tend to become business-oriented rather than focusing on the market and the investors. This might create a negative impression on the investors.

First, the entrepreneurs must understand a demand-supply gap from the market’s perspective. This gap can be the perfect opportunity for the company. Or maybe the company has an innovative product or service idea, which they believe will have a high demand. Either way, the market should accept the product.

According to the Massachusetts Institute of Technology (MIT) Enterprise Forum, 1978, investors are more likely to approve market-driven businesses rather than technology or service-driven ones.

Also, the plan should address the investors’ needs. What is in it for the investor? Since they invest a lot of money, they expect higher returns. Of course, no investor would demand profits upfront. But it’s important to tell them when they can expect returns and how much. So the business should provide them with the data on the estimated payback period .

Types of Business Plans

There are many types of business plans based on the size of the document and its scope.

First, depending on the size of the plan, there are traditional and lean start-up plans. The traditional plan is a lengthy document with more than 20 pages. It covers various facets of the business in such a way as to answer the different questions that may arise in the readers’ minds. But the disadvantage of this plan is that it might hold the readers’ concentration only for a limited time.

The lean start-up plan is a concise and brief version of an actual plan, usually consisting of a single page. The demerit of this plan is that it might be too small and not include all the important and relevant information. But the entrepreneurs must be ready to provide the investors with a detailed document if required.

The second classification is based on the scope of the plan. It can be a start-up plan for new businesses seeking capital or an internal plan to communicate with different departments on a new project. Other types based on scope include strategic, feasibility, operations, and growth.

A strategic plan can communicate how the business will achieve its goal, while a feasibility plan can focus on the feasibility of the company’s offerings. For example, the operations plan focuses on production and supply operations. In contrast, a business prepares the growth plan for its aspiring expansion projects, focusing on additional investments and financial projections .

The outline of a business plan should be carefully designed to incorporate all the focus points deemed essential by the audience. These are the elements of a business plan:

Presentation is as important as the content. Therefore, it is best to add graphs, pie charts, 3D models, and other visuals, which will enhance the presentation and understandability of the plan. In addition, factual data and simple statistical tools can make the plan look genuine and instill investor confidence.

Creating a business plan is more important due to the negative impression its absence can cause rather than the benefits it might provide. The impression is what matters when it comes to a plan. So, let’s understand the importance of making a good impression.

Perhaps the reason why most businesses make a plan is for the investors. These investors can be venture capitalists or financial institutions . For these investors, new ventures are like investments. Hence, before putting in money, they want to be sure if the investment will be worth it.

Therefore, presenting all the important details in an understandable format helps them realize the clarity and the level of commitment the entrepreneurs have towards their business. The business plan writer should also give due to the executive summary and financials while creating the plan.

Secondly, every business needs a blueprint based on which it operates. It should govern the functions of a business and especially in decision-making. Usually, when a plan is created before the enterprise starts functioning, it speaks about the business and what it stands for. Even after the business takes off and expands, it should stick to its roots, which would evolve with the company’s growth.

Making every stakeholder – employees, partners, suppliers, investors, etc. – aware of the plan would increase commitment and sense of belonging to the enterprise. This, too, is important to improve the productivity and contribution of everyone.

The elements of a business plan comprise an executive summary, company description, market research, competitive analysis, SWOT analysis, marketing strategy, operating plan, financial projections, etc.

Businesses create plans on their own by putting relevant content on paper and using their basic computer skills to make it look attractive. Ideally, plans are not expenses. Instead, they are created from the effort of the entrepreneurs.

All plans need not be highly visual. However, adequate data charts, graphs, 3-D models, etc., can make the document look attractive and creates an impression about the effort that has gone into furnishing the plan. It also increases the understandability of the document.

Businesses can draft plans for any period – maybe a year, three years, or just three months. Some plans are also created until the payback period. But it doesn’t mean that the plan is rendered useless after the expiry of the period. On the contrary, a company should always have a constantly updated plan better suited to evolving needs.

This article is a guide to Business Plan and its definition. Here, we explain its types, components, outline, and importance. You can also go through our recommended articles on corporate finance –

Initial Company Business Plan definition

Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

Business Plan means the information required to be supplied to the

Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

Company Business means any business in which the Company or any Subsidiary or other Affiliate is: (x) engaged in during the term of the Grantee’s Business Relationship; or (y) any business in which the Company or any Subsidiary or other Affiliate has undertaken material substantive steps to engage within the twelve (12) month period prior to such Termination, so long as with respect to both prongs (x) and (y) of this sentence, the Grantee had responsibilities with respect to, or Confidential or Proprietary Information about, such business (or anticipated business) prior to the Termination. Without limiting the foregoing, the Company Business shall be deemed to include the well completion and servicing business (including, without limitation, hydraulic fracturing, coiled tubing, pressure pumping, wireline, cementing, pressure testing, pump-down, perforating, pipe recovery and other complementary services), petroleum engineering services (including without limitation services in connection with hydraulic fracture stimulation and reservoir engineering), directional drilling and production services.

Initial Development Plan has the meaning set forth in Section 3.2(b).

Initial Budget has the meaning set forth in Section 6.4(a).

Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

Active business operations means all business operations that are not inactive business operations.

Motor Sport Activities means any motor sport activities or Recreational Services which are permitted or approved which CAMS regulates or administers by CAMS or otherwise under the responsibility / control of CAMS;

CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Site or Easement Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

Non-profit housing development means development of a building or structure intended for use as residential premises by,

food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

Revenue Operations Date (ROD) means the date of operation of Metro

Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

Valid business purpose means one or more business purposes that alone or in combination

New Services Queue Closing Date means each April 30 and October 31 shall be the Queue Closing Date for the New Services Queue comprised of Interconnection Requests, Completed Applications, and Upgrade Requests received during the six-month period ending on such date.

site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

Operational Period means the period starting with the date and time a Certificate is issued (or on a later date and time certain if stated in the Certificate) and ending with the date and time on which the Certificate expires or is earlier revoked.

Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

Business Partner means a legal entity that requires use of a training service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

Parenting plan means a plan referred to in section 119;

What is a Business Plan?

Home » Accounting Dictionary » What is a Business Plan?

Definition: A business plan is a detailed written steps and goals defined to guide a business’ course of action from its initial stages. A business plan provides a complete description and projection of the company as well as its core strategies and expected results.

What Does Business Plan Mean?

The creation of a new organization or a new business requires coherent actions in order to achieve the desired outcomes. Following a business plan allows to link actions and resources to objectives and measurable goals. This plan can be used internally like a roadmap for the owner but also can be a requirement when looking for funding or partners.

A business plan is generally a precise, short document that commonly contains the following sections: executive summary, business description with its products or services, marketing plan, operational plan and financial plan with its forecasted financial statements for the first years of operation, often five to ten years. The initial business plan is later substituted by annual or bi-annual strategic plans.

Mark Tilson is a young professional that wants to start a new business. He has the idea of providing an innovative maintenance service to medium-size manufacturing companies but he needs funds to implement it. Mr. Tilson therefore decided to write a business plan to present the idea to some potential capital partners. He though that the ideas were already clear but soon realized that more analysis and pre-launching work was required.

How many employees the company will have? How the company will market its services? How much money the initial investment requires? How much profit the company is expected to generate at the end of the fifth year of operation? These and other questions must be answered and coherently written in the business plan. Finally, Mr. Tilson improved his ideas, presented the plan and found the required partner.

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Business Plan

By Entrepreneur Staff

Business Plan Definition:

A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement

A business plan is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road. The time you spend making your business plan thorough and accurate, and keeping it up-to-date, is an investment that pays big dividends in the long term.

Your business plan should conform to generally accepted guidelines regarding form and content. Each section should include specific elements and address relevant questions that the people who read your plan will most likely ask. Generally, a business plan has the following components:

Title Page and Contents A business plan should be presented in a binder with a cover listing the name of the business, the name(s) of the principal(s), address, phone number, e-mail and website addresses, and the date. You don't have to spend a lot of money on a fancy binder or cover. Your readers want a plan that looks professional, is easy to read and is well-put-together.

Include the same information on the title page. If you have a logo, you can use it, too. A table of contents follows the executive summary or statement of purpose, so that readers can quickly find the information or financial data they need.

Executive Summary The executive summary, or statement of purpose, succinctly encapsulates your reason for writing the business plan. It tells the reader what you want and why, right up front. Are you looking for a $10,000 loan to remodel and refurbish your factory? A loan of $25,000 to expand your product line or buy new equipment? How will you repay your loan, and over what term? Would you like to find a partner to whom you'd sell 25 percent of the business? What's in it for him or her? The questions that pertain to your situation should be addressed here clearly and succinctly.

The summary or statement should be no more than half a page in length and should touch on the following key elements:

Description of the Business The business description usually begins with a short explanation of the industry. When describing the industry, discuss what's going on now as well as the outlook for the future. Do the necessary research so you can provide information on all the various markets within the industry, including references to new products or developments that could benefit or hinder your business. Base your observations on reliable data and be sure to footnote and cite your sources of information when necessary. Remember that bankers and investors want to know hard facts--they won't risk money on assumptions or conjecture.

When describing your business, say which sector it falls into (wholesale, retail, food service, manufacturing, hospitality and so on), and whether the business is new or established. Then say whether the business is a sole proprietorship, partnership, C or Sub chapter S corporation. Next, list the business' principals and state what they bring to the business. Continue with information on who the business' customers are, how big the market is, and how the product or service is distributed and marketed.

Description of the Product or Service The business description can be a few paragraphs to a few pages in length, depending on the complexity of your plan. If your plan isn't too complicated, keep your business description short, describing the industry in one paragraph, the product in another, and the business and its success factors in two or three more paragraphs.

When you describe your product or service, make sure your reader has a clear idea of what you're talking about. Explain how people use your product or service and talk about what makes your product or service different from others available in the market. Be specific about what sets your business apart from those of your competitors.

Then explain how your business will gain a competitive edge and why your business will be profitable. Describe the factors you think will make it successful. If your business plan will be used as a financing proposal, explain why the additional equity or debt will make your business more profitable. Give hard facts, such as "new equipment will create an income stream of $10,000 per year" and briefly describe how.

Other information to address here is a description of the experience of the other key people in the business. Whoever reads your business plan will want to know what suppliers or experts you've spoken to about your business and their response to your idea. They may even ask you to clarify your choice of location or reasons for selling this particular product.

Market Analysis A thorough market analysis will help you define your prospects as well as help you establish pricing, distribution, and promotional strategies that will allow your company to be successful vis-à-vis your competition, both in the short and long term.

Begin your market analysis by defining the market in terms of size, demographics, structure, growth prospects, trends, and sales potential. Next, determine how often your product or service will be purchased by your target market. Then figure out the potential annual purchase. Then figure out what percentage of this annual sum you either have or can attain. Keep in mind that no one gets 100 percent market share, and that a something as small as 25 percent is considered a dominant share. Your market share will be a benchmark that tells you how well you're doing in light of your market-planning projections.

You'll also have to describe your positioning strategy. How you differentiate your product or service from that of your competitors and then determine which market niche to fill is called "positioning." Positioning helps establish your product or service's identity within the eyes of the purchaser. A positioning statement for a business plan doesn't have to be long or elaborate, but it does need to point out who your target market is, how you'll reach them, what they're really buying from you, who your competitors are, and what your USP (unique selling proposition) is.

How you price your product or service is perhaps your most important marketing decision. It's also one of the most difficult to make for most small business owners, because there are no instant formulas. Many methods of establishing prices are available to you, but these are among the most common.

You'll also have to determine distribution, which includes the entire process of moving the product from the factory to the end user. Make sure to analyze your competitors' distribution channels before deciding whether to use the same type of channel or an alternative that may provide you with a strategic advantage.

Finally, your promotion strategy should include all the ways you communicate with your markets to make them aware of your products or services. To be successful, your promotion strategy should address advertising, packaging, public relations, sales promotions and personal sales.

Competitive Analysis The purpose of the competitive analysis is to determine:

The first step in a competitor analysis is to identify both direct and indirect competition for your business, both now and in the future. Once you've grouped your competitors, start analyzing their marketing strategies and identifying their vulnerable areas by examining their strengths and weaknesses. This will help you determine your distinct competitive advantage.

Whoever reads your business plan should be very clear on who your target market is, what your market niche is, exactly how you'll stand apart from your competitors, and why you'll be successful doing so.

Operations and Management The operations and management component of your plan is designed to describe how the business functions on a continuing basis. The operations plan highlights the logistics of the organization, such as the responsibilities of the management team, the tasks assigned to each division within the company, and capital and expense requirements related to the operations of the business.

Financial Components of Your Business Plan After defining the product, market and operations, the next area to turn your attention to are the three financial statements that form the backbone of your business plan: the income statement, cash flow statement, and balance sheet.

The income statement is a simple and straightforward report on the business' cash-generating ability. It is a scorecard on the financial performance of your business that reflects when sales are made and when expenses are incurred. It draws information from the various financial models developed earlier such as revenue, expenses, capital (in the form of depreciation), and cost of goods. By combining these elements, the income statement illustrates just how much your company makes or loses during the year by subtracting cost of goods and expenses from revenue to arrive at a net result, which is either a profit or loss. In addition to the income statements, include a note analyzing the results. The analysis should be very short, emphasizing the key points of the income statement. Your CPA can help you craft this.

The cash flow statement is one of the most critical information tools for your business, since it shows how much cash you'll need to meet obligations, when you'll require it and where it will come from. The result is the profit or loss at the end of each month and year. The cash flow statement carries both profits and losses over to the next month to also show the cumulative amount. Running a loss on your cash flow statement is a major red flag that indicates not having enough cash to meet expenses-something that demands immediate attention and action.

The cash flow statement should be prepared on a monthly basis during the first year, on a quarterly basis for the second year, and annually for the third year. The following 17 items are listed in the order they need to appear on your cash flow statement. As with the income statement, you'll need to analyze the cash flow statement in a short summary in the business plan. Once again, the analysis doesn't have to be long and should cover highlights only. Ask your CPA for help.

The last financial statement you'll need is a balance sheet. Unlike the previous financial statements, the balance sheet is generated annually for the business plan and is, more or less, a summary of all the preceding financial information broken down into three areas: assets, liabilities and equity.

Balance sheets are used to calculate the net worth of a business or individual by measuring assets against liabilities. If your business plan is for an existing business, the balance sheet from your last reporting period should be included. If the business plan is for a new business, try to project what your assets and liabilities will be over the course of the business plan to determine what equity you may accumulate in the business. To obtain financing for a new business, you'll need to include a personal financial statement or balance sheet.

In the business plan, you'll need to create an analysis for the balance sheet just as you need to do for the income and cash flow statements. The analysis of the balance sheet should be kept short and cover key points.

Supporting Documents In this section, include any other documents that are of interest to your reader, such as your resume; contracts with suppliers, customers, or clients, letters of reference, letters of intent, copy of your lease and any other legal documents, tax returns for the previous three years, and anything else relevant to your business plan.

Some people think you don't need a business plan unless you're trying to borrow money. Of course, it's true that you do need a good plan if you intend to approach a lender--whether a banker, a venture capitalist or any number of other sources--for startup capital. But a business plan is more than a pitch for financing; it's a guide to help you define and meet your business goals.

Just as you wouldn't start off on a cross-country drive without a road map, you should not embark on your new business without a business plan to guide you. A business plan won't automatically make you a success, but it will help you avoid some common causes of business failure, such as under-capitalization or lack of an adequate market.

As you research and prepare your business plan, you'll find weak spots in your business idea that you'll be able to repair. You'll also discover areas with potential you may not have thought about before--and ways to profit from them. Only by putting together a business plan can you decide whether your great idea is really worth your time and investment.

More From Business Plans

Financial projections.

Estimates of the future financial performance of a business

Financial Statement

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow.

Executive Summary

A nontechnical summary statement at the beginning of a business plan that's designed to encapsulate your reason for writing the plan

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Start With an Initial Assessment

Get all your ducks in a row with an initial assessment of your business opportunity.

This article is part of our Business Planning Guide —a curated list of our articles that will help you with the planning process!

Start your business planning with a quick assessment.

Even an established business should take the time to step away from daily operations and look at the basics. Do your business numbers make sense? One of my business school professors used to refer to this process as finding out, “Is there a there there?”

There’s no single right way to do an initial assessment, and the words and phrases vary. My favorite is the Lean Business Plan , a collection of bullet-point lists and tables that lay out strategy, tactics, milestones, and essential numbers. People also like a one-page business plan , which is a really brief summary. For LivePlan users, the LivePlan summary is called the Pitch Page .

All of these are valid ways to approach assessing your business and its current health or potential viability; the difference is mainly a matter of preference. Focus on following through, keeping your eyes open, and being honest with yourself about what you find.

The Lean Business Plan

In its pure form, the Lean Business Plan is simple, just bullet points and lists and tables. Here’s a downloadable template : it’s a good alternative to the business model canvas. It includes a very simple definition of essential strategy, plus a list of tactics, milestones, and essential numbers.

Strategy is about focus and, in many cases, what you aren’t doing. What problem you solve, what solution you offer, your target market , and what makes you and your business qualified and different.

Tactics are the things you’ll do to achieve your goals, like the way you’ll talk about product benefits, how you’ll structure and test your pricing, methods for distribution, marketing activities, and so on. In a Lean Plan as a simple assessment, you keep this to simple lists.

Milestones are what is supposed to happen. Where do you start? What are the steps to follow? You answer these questions with a simple list.

Essential numbers or your financial plan might be simpler for an initial assessment than the projected sales, spending, and cash flow that are normally part of a Lean Business Plan. For an initial assessment, just do a sales forecast .

The one-page business plan

There’s really not much difference between a “ one-page business plan , ” a Lean Plan, and a good executive summary . The only real possible difference is the that the “one-page plan” must absolutely fit on one page in a font that most people can still read, while a traditional executive summary can extend to two or three pages, but really should never be longer than that.

If you can condense your executive summary to one page, that’s great. Investors don’t have lots of time to read and a one-page executive summary will get the idea of your business across succinctly. It’s actually a very good exercise to reduce your executive summary to the absolute minimum. This will force you to trim needless words and communicate your business idea clearly and with minimal clutter.

The LivePlan summary

The LivePlan pitch page isn’t just about the pitch—it also serves as a strategy summary or an initial assessment. It’s a standardized one-page description including a logo, a short tagline, a market summary, bullet points for main business activities, a summary of financials, and the team.

Yes, I’m biased on LivePlan because it’s our product, but I see it used as a business summary now in the programs of several of the most prestigious business plan competitions, and my angel group is now using it to summarize some of the companies that submitted for our annual community event.

In my work on Lean Planning, I recommend that a Lean Business Plan includes just a brief strategy summary. That’s just a few bullet points for most people, but for LivePlan users I recommend using the LivePlan pitch. And I use it as a business summary, despite the name pitch page.

I can’t resist adding that LivePlan also includes some features designed to help with the real business pitch, the one I refer to as the pitch, the presentation for investors . It has graphics and summaries you can export as visuals for your slide deck for that first kind of pitch.

Market analysis

It’s hard to imagine an initial assessment that doesn’t include a market analysis . In the Lean Business Plan, it’s part of strategy, and it includes identifying your target market. Most one-page business plans include a brief market summary. So does the LivePlan Pitch. This section applies to any and all of them.

Whichever way you go with your initial assessment, determine if there is a sufficient market to support your business. You don’t need to do major market research for this initial market analysis. You may want, and even need, to do real research later on. For now, however, you want to get a good educated guess about how many potential customers you might have.

What you want at this point is a reality check. You’ve already developed a quick break-even analysis that ties your initial business numbers to your required sales. Now you’re going to look at how many customers you might have so you can think about the importance of breaking even.

Develop a basic market analysis table. This table gives you a simple list of market segments. Each segment is a group of customers. Define the groups according to what needs you supply, demographic characteristics, buying habits, preferences, or whatever other classification system works for your plan. Fill in the total potential customers estimated and the annual growth rate expected for each segment.

The following illustration shows a summary market analysis. You can also use a market analysis chart as a visual guide to your market segments.

Pause for reflection

Now it’s time to give your planning an objective appraisal.

At this point, you’ve defined your business, your financial break-even point, and your total potential market. How does your business look from this viewpoint? Does it make sense? Can you make the sales you need to break even? Is the market big enough? Are your projections realistic? Can you bring together the keys to success?

Especially for potential startup companies, a moment of reflection is critical. Many people dream of starting a business , but that dream turns into a nightmare if the new business isn’t successful. If you think you can make your break-even numbers work and you believe you have enough customers to make it, then go on to develop your full business plan. If not, either do more research and revise the idea, or give it up and try something else.

Short on time and need a business plan? Have an MBA write your business plan in five business days with LivePlan’s business plan consulting.

Tim Berry is the founder and chairman of Palo Alto Software and Bplans.com. Follow him on Twitter @Timberry .

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business plan

Ivy Wigmore

A business plan is a document demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation.

Business plans are an important part of creating new businesses, whether as a startup or an offshoot of an existing business. Business plans for startups are often shared with funding agencies, potential investors and venture capitalists to obtain the necessary funding.

Although the specifics may vary, here are the typical components of a business plan for a new business:

A business plan is similar to a business model . However, the latter is a representation of how an existing business works, rather than how a prospective business can work.

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IMAGES

What is a Business Plan?
How To Write A Business Plan: A Comprehensive Guide
Pin on Company Business plans
How to Start a Business: A Startup Guide for Entrepreneurs [Template]
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VIDEO

BUSINESS PLAN
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COMMENTS

Write your business plan
Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with a business plan template.
What is a Business Plan? Definition, Tips, and Templates
A business plan is a documented strategy for a business that highlights its goals and its plans for achieving them. It outlines a company's go-to-market plan, financial projections, market research, business purpose, and mission statement.
Business Plan
A business plan is a document that contains the operational and financial plan of a business, and details how its objectives will be achieved. It serves as a road map for the business and can be used when pitching investors or financial institutions for debt or equity financing.
How to Write a Business Plan
A business plan is a document that defines in detail a company's objectives and how it plans to achieve its goals. A business plan lays out a written road map for the firm from marketing,...
What Is a Business Plan? Definition and Essentials Explained
A business plan is a document that explains how your business operates. It summarizes your business structure, objectives, milestones, and financial performance. Again, it's a guide that helps you, and anyone else, better understand how your business will succeed. Why do you need a business plan?
Business Plan
A business plan is an executive document that acts as a blueprint or roadmap for a business. It is quite necessary for new ventures seeking capital, expansion activities, or projects requiring additional capital. It is also important to remind the management, employees, and partners of what they represent.
Initial Business Plan Definition: 227 Samples
Initial Business Plan means the initial business plan of the Company as agreed to and adopted by the members concurrently with the execution of the Master Agreement. Sample 1 Sample 2 Sample 3 Based on 4 documents Initial Business Plan means the initial business plan of the Group as attached as Schedule 6 (Initial Business Plan);
Initial Company Business Plan Definition
Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);
Initial plan definition and meaning
The initial plan was for students to be graded using their teachers' predictions, moderated by an algorithm. Times,Sunday Times Estimates suggest that the budget increased from the initial plan of $12 billion (about 7.8 billion) to a grotesque $50 billion. Times, Sunday Times
What Is a Business Plan? (Definition, Benefits and Guide)
A business plan can help increase clarity within the company. It sets out the company's vision, mission and values. It also provides guidance on what the company wants to achieve and how to go about doing it. Such information help employees understand their roles and responsibilities within the company.
What is Strategic Planning: A Definition
Here are three helpful steps to take following the initial strategic planning: Allocate resources in alignment with the strategic plan. If the strategic plan is to be the central driving document for a business, that company's financial and personnel resources should be allocated accordingly.
What is a Business Plan?
Definition: A business plan is a detailed written steps and goals defined to guide a business' course of action from its initial stages. A business plan provides a complete description and projection of the company as well as its core strategies and expected results. What Does Business Plan Mean?
How to Write a Business Plan Outline [2022 Guide & Format]
A traditional business plan typically includes—an executive summary, an overview of your products and services, thorough market and industry research, a marketing and sales strategy, operational details, financial projections, and an appendix. Depending on what you intend to do with your plan, you may not need all of this information right away.
PDF The Elements of a Business Plan: First Steps for New Entrepreneurs
The Elements of a Business Plan: First Steps for New Entrepreneurs Cole Ehmke and Jay Akridge Department of Agricultural Economics Audience: Entrepreneurs planning a new venture Content: Outlines the basics of a business plan Outcome: Readers will understand the purpose of and elements required to write a business plan for a new venture
Entrepreneur: Business Plan
Business Plan Definition: A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss ...
Start With an Initial Assessment
It includes a very simple definition of essential strategy, plus a list of tactics, milestones, and essential numbers. Strategy is about focus and, in many cases, what you aren't doing. What problem you solve, what solution you offer, your target market, and what makes you and your business qualified and different.
What is business plan?
business plan: A business plan is a document demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation.
Initial Business Plan Definition
Initial Business Plan Definition | Best Writing Service Not a big fan of writing? Let's redefine your previous experiences in writing and give this engagement a brand new meaning. Our writers compose original essays in less than 3 hours. Give them a try, you won't regret it. 1514 Orders prepared 848 Finished Papers Login to your PenMyPaper account