Business Plans

What is a Business Plan?

A business plan means different things to different people.

Many people see a business plan as the written document necessary to apply for a bank loan.

Many people see a business plan as a projection that enables a business to look ahead and prepare for problems and opportunities.

Many people see a business plan as the outline to allocate resources and focus on key points.

Many people see a business plan as a guide vital for running the business.

Many people see a business plan as a formula to optimize growth and development according to set priorities and end goals.

Many people think a business plan should outline five things: the planning process, the necessary resources, time lines, definitive business goals and the path you will follow to achieve these goals.

Many people think a business plan is simply a summary of who you are, what you plan to do, where the plan operates, how you intend to complete the plan and why you will succeed.

There is no Standard for Business Plans

Many people think a business plan should contain main Business Plan components:
Executive Summary
Management Team
Company Description
Product or Service Description
Market Research
Marketing Strategy
Implementation Schedule
Financials

Successful people think a business plan is a very important story with several audiences. These audiences include: everyone who works for your company, everyone who lends money or provides credit to your company and everyone who buys your products or services.

We can help you write that story. Learn how to create a business plan and manage your own business. To create a Business Entrepreneur School Project please use the Registration Form.

Business Questions

What is an idea?
What is a business plan?
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