google.com, pub-6326879744384613, DIRECT, f08c47fec0942fa0
+234 905 313 0518
Cessummit

How Many Types of Business Plan do you know? – There are 10 types of business plan. 4 types of business plan and 3 types of business plan. There is therefore need to distinguish among the types of a business plan. However, highlighted here are 3 types of business plan – Operational Business Plan, the Executive Summary and the Complete Business Plan. As a matter of fact, there are other different types of business plan. That also explains why there are variety of definitions for it. So, 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 plan. In this case, it will let you know how and when to use any type of business plan. See others here.

If you are interested, get expert business planning tips at cessummit.com to take your business to the next level. So, read, understand and follow the handful of strategic ways to grow your business. They are hot, profitable and untapped business growth ideas in Nigeria.

Business Plan General meaning:

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 future financial needs. Others see it also as a document to attract investors and lender.

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 plan. 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:

Types of Business Plan:

These 3 tyes of business plan explains what we mean that business plan has multiple types and meaning. 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 natter of fact, business plan guides the management, owners, and investors. So, there could be other types of business plan 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.

Furthermore, do you need Consultation for your business planning? At cessummit.com our consultancy services cover your business challenges in developing business ideas and planning, business incorporation and other start-up issues. Unlock and leverage the untapped potentials of your business, contact +234 8034347851 or +234 905 313 0518 today!

Do you want to be a professional?

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

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.

And, if you need more business information, visit here

Business Plan Executive Summary:

This can also be called 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 describe any results, conclusions, or recommendations from the plan. In fact, it showcases enough information that will interest the audience to wanting to see the Complete Business Plan.

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

It’s worthy of mentioning here that the understanding of the way this particular document works is important. We have noted above that it’s the summary of your complete business plan. Therefore, 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 business plan executive summary thinking it can be gotten without developing a complete business plan. Now, you can get the gist for the complete business plan in the next paragraph.

Get recruitment information here.

Complete Business Plan

A Complete Business Plan can be for external use. Majorly this is when you are looking for funding. So, both for equity funding, loan 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. 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 template at cessummit.com. In fact, we provide all types, size and purpose of business plan of your choice. We have some ready-made illustrative samples in this website. You just have to contact us for your copy.

How Many Types of Business Plan do you know?

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 Plan for Nigerian Entrepreneurs, highlights the Operational Business Plan, the Executive Summary and the Complete Business Plan. They are 3-types of business plan 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.

Get inspired here

Was this post helpful?

If this article was useful to you, we need feedback. So you can send in your comments and ask questions through our comment box below. You can also submit your email address below to reach you. Those following us on our social media platforms get updates. So, you can do likewise.

Do you need help?

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

  •  So, we Prepare Executive summary, 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?

How you may contact and follow us:

Here are our contacts; +234 9053130518/08034347851 or email cessummit0518@gmail.com. Follow us also by using our social media buttons on this page. our regards. Thank you.