How Many Types of Business Plan do you know?

How Many Types of Business Plan do you know? – There are 10 types of business plans. 4 types of business plan and 3 types of business plan. There is, therefore, a need to distinguish among the types of a business plan. However, highlighted here are 3 types of business plans – the Operational Business Plan, the Executive Summary, and the Complete Business Plan.

As a matter of fact, there are other different types of business plans. That also explains why there are a variety of definitions for it. So, the business plan may mean different things to two or more different persons. This post will let you know how you see your business plan and how you define it. It will also let you know how others see business plans. In this case, it will let you know how and when to use any type of business plan. See others here.

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Business Plan General meaning: How Entrepreneurs Understand Business Questions

A business plan is defined variously. It’s seen as a business roadmap. It’s also seen as a document that summarizes the operational and financial objectives of a business. Again, it is seen as a document used to create an effective strategy for business growth. In fact, it’s also a document to determine business’s future financial needs. Others see it also as a document to attract investors and lenders.

As you can see in the various definitions, individual business need determines what to present in their business plan. In this article are 3 different types of business plans. Going forward, we shall be explaining them attaching examples of suitable business plans for each type of business plan being discussed.

How Many Types of Business Plan do you know?

Related Topics:

• How many business plan in existence
• Other types of business plan
• Steps in developing a business plan
• The best type of business plan

Types of Business Plans: How Many Types of Business Plan do you know?

These 3 types of business plan explain what we mean that a business plan has multiple types and meanings. Here we present the operational, Business plan Executive summary, and Complete business plan. For this reason, you will eventually make different sets of Business Plans depending on what you want to accomplish. So different functions and different situations call for different sets of plans.

Therefore, knowing what you need for your business means picking the right type of plan variables that will showcase a better roadmap for your future. As a matter of fact, business plan guides the management, owners, and investors. So, there could be other types of business plans such as strategic plans, operational plans, internal plans, and many others. These are the subject of our next article. But bookmark this page for link-up. Read more about How Many Types of Business Plan do you know?

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How Many Types of Business Plan do you know?

The 3 Types of Business Plan:

Operations plan – This type of business plan also called an annual plan, focuses on mapping out the day to day operational activity needs of a business for a year. It’s so designed to achieve tactical goals and can be part of the business strategic planning. For easy administration and implementation, this type of plan details the responsibilities of management, departments and employees. It also shows how the various operator segments contribute to the company’s overall success. Therefore, the layout of Operations plans will cover the following;

• Organization’s objectives
• Goals or activities required to complete objectives
• Required resources needed for the activities
• Manpower/staffing requirements
• Implementation milestones/deadlines
• Progress tracking processes
• Check out, How Many Types of Business Plan do you know?

Cessummit business support service offerings cover the development of operation plans. These are your annual budgets highlighting specific objectives and goals requirements. Designing resource needs and project timeline implementation monitoring is very essential for your business operational planning. Just call for a service need.

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Business Plan Executive Summary: How Many Types of Business Plan do you know?

This can also be called a summary business plan. It’s a brief summary of your business plan. Therefore, it must restate the purpose of the business plan. And shows what your business objective is and the problem that it solves. Then it highlights the major points of the business plan and describes any results, conclusions, or recommendations from the plan. In fact, it showcases enough information that will interest the audience to want to see the Complete Business Plan.

Generally, a business plan executive summary is intended for external use. As a matter of fact, it’s usually requested by investors, and banks to offer you a loan, or to attract essential employees. A typical Business Plan Executive Summary could run between 3-10 pages. Just check out, How Many Types of Business Plan do you know?

It’s worthy of mentioning here that understanding of the way this particular document works is important. We noted above that it’s your complete business plan summary. Therefore, the business plan executive summary does not come from the sky. The comprehensive business plan must be in existence before you can extract the executive summary. This knowledge is important because many clients call requesting a business plan executive summary thinking it can be gotten without developing a complete business plan. Now, you can get the gist of the complete business plan in the next paragraph.

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Complete Business Plan – How Many Types of Business Plan do you know?

A Complete Business Plan can be for external use. Majorly this is when you are looking for funding. So, for equity funding, loan,s or grants, this type of plan is important.

Furthermore, this type of business plan shows the audience the full picture of your business. And, so, this type of plan may get up to 30 and more pages. And will include a financial projection – Profit and Loss/Income statement, Balance Sheet, and Cash flow analysis – for a certain period of time. An average time of 3 years is ok. Others ask for 5 years or more. In this plan, you have to explain your business ideas in detail to potential investors, strategic partners, or even potential buyers of your company. How Many Types of Business Plan do you know?

As a matter of fact, this should clearly state the specific requests you’re making with your business plan and what your company can bring to the table. Did you get that, as against the executive summary?

Our business plan Template must show the following;

• Executive Summary.
• Company Description.
• Products and Services.
• Market analysis.
• Strategy and Implementation.
• Organization and Management Team
• Implementation timeline
• Financial plan and projections
• Financial Ratios
• Exit strategy
• Conclusions

How Many Types of Business Plan do you know?

Cessummit business plan offerings:

These include a variety of business plans, such as

• Strategic plans for scaling up business
• Operational/internal plans – for existing businesses
• Comprehensive business plan for start-ups and existing businesses
• Business plan executive summary
• Business Plan Financial Analysis Segment – detailing Income statement, Balance Sheet and Cash flow analysis
• And, Business plan Pitch

As a matter of fact, there are different business plan templates at cessummit.com. In fact, we provide all types, sizes, and purposes of business plans of your choice. We have some ready-made illustrative samples on this website. You just have to contact us for your copy.

Summing up on How Many Types of Business Plan do you know?

How Many Types of Business Plan do you know – showcasing 3-Types of Business Plans for Nigerian Entrepreneurs, highlighting the Operational Business Plan, the Executive Summary, and the Complete Business Plan. They are 3-types of business plans you must need at any time. Their usages, requirements, and purposes are fully detailed above. Detailed also are their contents and how we can partner with you to develop your business plan.

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Do you need help? How Many Types of Business Plan do you know?

You may need any of our business support services. They are for your business upliftment.

•  So, we Prepare Executive summaries, Business plan Pitch and business proposals for your business
• We also generate and build up your business Profile too
• Then, generate Business plan financial analysis for clients who don’t have the facility for this.
• Train and apply for clients  CBN/BOI/ NIRSAL MFB AGSMEIS and other loan facilities
• On business incorporation, we register your business appropriately with C.A.C.
• And, make incorporation changes for you @ C.A.C. – change of MEMART, Director, Shareholding etc.
• And, render annual returns for you @ C.A.C. and obtain other certifications/reports for you
• We also assist you with business ideas – this is for your start-ups and expanding businesses
• And, start-up mentorship programs – we teach you how to do these things yourself.

You can contact us as shown below.

How Many Types of Business Plan do you know?

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