- Startup business plan
Purpose – For entrepreneurs starting a new venture, this plan outlines the business concept, market analysis, financial projections, and strategies for success.
Contents – Includes an executive summary, company description, market analysis, organization and management structure, product or service offering, marketing and sales strategy, financial projections, and funding requirements.
- Internal business plan
Purpose – Aimed at internal stakeholders such as management teams or employees, this plan focuses on outlining the company’s objectives, strategies, and operational details.
Contents – Typically includes sections on the company’s mission, vision, goals, strategies, operational plans, and key performance indicators (KPIs).
- Strategic business plan
Purpose – Designed for long-term planning and strategic decision-making, this plan provides a roadmap for achieving the company’s vision and objectives.
Contents – Emphasizes strategic goals, competitive analysis, market positioning, growth strategies, and key initiatives over an extended period, often three to five years.
- Operational business plan
Purpose – Focuses on day-to-day operations and tactics, detailing how the company will execute its strategies to achieve its short-term goals.
Contents – Includes operational processes, workflow diagrams, resource allocation plans, performance metrics, and timelines for implementation.
- Feasibility study
Purpose – Conducted before launching a new business or initiative, this plan assesses the viability and potential success of the venture.
Contents – Examines market demand, competition, regulatory requirements, technical feasibility, financial projections, and potential risks to determine whether the business idea is feasible.
- Expansion or growth plan
Purpose – Geared towards established businesses seeking to expand their operations, enter new markets, or introduce new products or services.
Contents: Focuses on growth strategies, market expansion plans, scalability, resource requirements, financial forecasts, and potential challenges associated with growth.
