It is common for businesses, especially start-ups, to have three or four formats for the same business plan. These plans typically have detailed information about the organization or the team making effort to reach its goals. Expert Solutions to Everyday Challenges. Such plans have a somewhat higher degree of candor and informality than the version targeted at external stakeholders and others. Please help improve it by replacing them with more appropriate citations to reliable, independent, third-party sources. This allows success of the plan to be measured using non-financial measures.
Operational plans describe the goals of an internal organization, working group or department. The business plan itself is generally regarded as secret. Depending on the amount of funds being raised and the audience to whom the plan is presented, failure to do this may have severe legal consequences. This page was last edited on 25 April , at The elevator pitch should be between 30 and 60 seconds.
Financial law Financial market Financial market participants Corporate finance Personal finance Peer-to-peer lending Public finance Banks and banking Financial regulation Clawback. Such plans have a somewhat higher degree of candor and informality than the version targeted at external stakeholders and others.
Business plan – Wikipedia
It is common for businesses, especially start-ups, to have three or four formats for the same business plan. The elevator pitch should be between 30 and 60 seconds. The specific problem is: This page was last edited on 25 Aprilat This article possibly contains original research. For-profit business plans typically focus on financial goals, such as profit or creation of wealth. The business plan itself is generally regarded as secret.
Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans.
Views Read Edit View history. Internally-focused business plans target intermediate goals required to reach the external goals.
Retrieved from ” https: Statements consisting only of original research should be removed. From Wikipedia, the free encyclopedia. They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing de a factory or a restructuring of the organization.
This article needs additional citations for verification. Cash conversion cycle Return on capital Economic value added Just-in-time Economic order quantity Discounts and allowances Factoring. An internally-focused business plan is often developed ja conjunction with a balanced scorecard or a list of critical success factors.
It is called an elevator pitch as it is supposed to be content that can be explained to someone else quickly in an elevator.
This jaj success of the plan to be measured using non-financial measures. Externally-focused plans draft goals that are important to outside stakeholders, particularly financial stakeholders. 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.
Archived from the original on January 6, For example, a business plan for a non-profit might discuss the fit between the business plan and the organization’s mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing we for the organization’s ability to repay the loan.
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Webarchive template wayback links Articles that may contain original research from August All articles that may contain original research Articles needing additional references from August All articles needing additional references Articles needing cleanup from March All pages needing cleanup Cleanup tagged articles with a reason field from March Wikipedia pages needing cleanup from March Articles lacking reliable references from March All articles lacking reliable plaan Articles with multiple maintenance issues All articles with unsourced statements Articles with unsourced statements from January Articles needing additional businesa from August The content and format of the business plan is determined by the goals and audience.
During the dot-com bubble this was a problem for many technology start-ups. Non-profit, as well as government agency business plans tend to focus on the “organizational mission” which buxiness the basis for their governmental status or their non-profit, tax-exempt status, respectively—although non-profits may also focus on optimizing revenue. Expert Solutions to Everyday Challenges.
Business plans jakk decision-making tools.