A business plan is a formal written document containing the goals of a business , the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road-map a plan that provides direction to the business. Written business plans are often required [ by whom? Existent templates  and guides, such as the ones offered in the United States by the Small Business Administration  can be used to facilitate producing a business plan. Business plans may be internally or externally focused.
Parts of a Business Plan
7 Parts to a Winning Business Plan - Small Business Trends
Several business continuity standards have been published by various standards bodies to assist in checklisting ongoing planning tasks. An organization's resistance to failure is "the ability As such, BCP is a subset of risk management. BCP's are written ahead of time and can also include precautions to be put in place. Usually created with the input of key staff as well as stakeholders, a BCP is a set of contingencies to minimize potential harm to businesses during adverse scenarios. A analysis of how disruptions can adversely affect the operations of corporations and how investments in resilience can give a competitive advantage over entities not prepared for various contingencies  extended then-common business continuity planning practices. Business organizations such as the Council on Competitiveness embraced this resilience goal.
Parts of a Business Plan : Business plans can be complicated documents. See what types of information you should include in your business plan. All content is for informational purposes, and Savetz Publishing makes no claim as to accuracy, legality or suitability. The site owner shall not be held liable for any errors, omissions or for damages of any kind. Contact us.
Last Updated: May 25, References. This article was co-authored by Michael R. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. There are 20 references cited in this article, which can be found at the bottom of the page.