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Business Plan

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Business plan. A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. When the existing business is to assume a major change or when planning a new venture, a 3 to 5 year business plan is required, since investors will look for their annual return in that timeframe.[1] Audience[edit] Internally focused business plans target intermediate goals required to reach the external goals.

Operational plans describe the goals of an internal organization, working group or department.[4] Project plans, sometimes known as project frameworks, describe the goals of a particular project. Content[edit] Business plans are decision-making tools. Presentation formats[edit] Revising the business plan[edit] Business Plan Templates and Free Sample Business Plans — Bplans. If you’re like most small business owners, you’ve never had to create a business plan before. In fact, you may have never even seen a formal business plan document let alone had to put one together. This is why we gathered this collection of sample plans for you here on Bplans. Our business plans can give you a great sense of what a finished plan looks like, what should be included, and how a plan should be structured - whether you’re building a plan for investment or just to develop a better strategy for your business.

But, building your own plan isn’t as simple as just cutting and pasting from someone else’s plan. In fact, if you do that, you will be doing yourself (and your business!) A huge disservice. Find a plan from a similar industry to your business, but don’t worry about finding an exact match. Free Sample Business Plans and Business Plan Software — Bplans.