BNET Business Dictionary
Business Definition for: Business Plan
- a document describing the current activities of a business, setting out its goals and objectives and how they are to be achieved over a set period of time. A business plan may cover the activities of an organization or a group of companies, or it may deal with a single department within the organization. In the former case, it is sometimes referred to as a corporate plan. The sections of a business plan usually include a market analysis describing the target market, customers, and competitors, an operations plan describing how products and services will be developed and produced, and a financial section providing profit, budget, and cash flow forecasts, annual accounts, and financial requirements. Businesses may use a business plan internally as a framework for implementing strategy and improving performance or externally to attract investment or raise capital for development plans. A business plan may form part of the overall planning process, or corporate planning, within an organization and be used for the implementation of corporate strategy.
Wiktionary Definition for: Business Plan
- #A summary of how a business owner, manager, or entrepreneur intends to organize an entrepreneurial endeavor and implement activities necessary and sufficient for the venture to succeed.
Additional Resources
- Putting Together a Great Business Plan
- Many new owner-managers write business plans with the sole purpose of convincing a financier to lend them money for starting up. However, a good business plan does much more than that: it helps you build a strong foundation for your business. Your plan must be a coherent description of how...
- Articles 2007-03-27
- 10 Painless Steps to Starting and Finishing Your Business Plan
- Preparing a business plan can be a time-consuming and daunting task. However, the importance of a business plan to achieve funding and growth goals cannot be ignored. The article tries to find out the ways to prepare a business plan that clearly, concisely and compellingly convinces investors to fund any...
- White papers 2003-01-01
- Pointers On Putting Together Your Business Plan
- This article mainly talks about how to tackle the business plan. Here are some basic but essential strategies to keep in mind as you begin work. Getting started is the hardest part of creating a business plan. It seems like a daunting task at first. It is very...
- White papers 2000-04-01
- The E-Plan: Your Business Plan Presentation
- Business commentators are divided on the ability to effectively plan in the new economy. Some opine that the pace of change is so rapid that it is impossible to plan for the future. Successful companies during this competitive era are preparing clear, flexible business plans that develop their vision of...
- Tools & templates
- Your Perfect Business Plan
- If you plan on receiving third party financing for you home business then creating a small business plan is something that you absolutely must do. Most people starting small businesses do not write out a business plan and from an academic standpoint this is large mistake. Your business plan is...
- White papers 2008-01-01
- The Bulletproof Business Plan: How To Bulletproof Your Business Plan During A Slumping Economy
- The article revolves around the idea that investors are looking for a clear, solid business model that makes a profit or will make one soon. So among other things, one needs to describe the business in an understandable fashion. One should always talk about the competitors in detail in the...
- White papers 2003-01-01
- 12 Tips for a Successful Business Plan
- The article offers twelve tips for a successful planning. While a written business plan can serve as a valuable tool if people are seeking business funding, the actual process of drafting the business plan will force one to consider many issues critical to the company's future success. It is a...
- White papers 2003-08-01
- Guide To Effective Business Plan Layouts
- Success in business comes as a result of planning. You have to have a detailed, written plan that shows you what the ultimate goal is, the reason for the goal, and each milestone that must be passed in order to reach your goal. A business plan is a written definition...
- White papers 2008-01-01
- Writing A Business Plan - What Makes A Good One?
- Writing a business plan can be a lot of hard work or it can be great fun. An effective plan can help your company to greatness. A poor one can lead you out of business. No plan is like asking to fail before you even start. Not every business needs...
- White papers 2008-01-01
- The Finer Points Of A Business Plan
- This article is a brief overview of the contents of the written plan. The various contents of business plan include cover Page. The cover page goes the name of your company, its address and phone number, and the chief executive's name. Next, comes the Table of Contents, which should include...
- White papers 2000-10-01
- Writing A Business Plan For Success In Business And For Funding
- Writing a business plan to help you direct and manage your company is a key part of starting you new company that will help lead you and your company to success. Creating a "Living and breathing" business plan makes that success even easier to reach. Many people feel that the...
- White papers 2008-01-01
- How To Deliver A Winning Business Plan Pitch
- After a business plan has been written, the next stage often involves pitching the plan to prospective investors. This very fact means that the plan authors and management team should be one and the same and that 'Outsourcing' the business plan writing process should not be considered. It is not...
- White papers 2007-05-15
- Looking for a Business Plan Example?(Brief Article)
- The American Institute of Small Business recently published a model marketing and business plan titled Business Plan Example. The institute's plan is based on a deli operation offering counter, table and take-out service, and is written in the style recognized by leading management consulting organizations, banks,...
- Research articles 1999-11-01
- Rensselaer Launches 2004 Tech Valley Collegiate Business Plan Competition; Business plan-writing workshop for area college students set for Jan. 21.
- M2 PRESSWIRE-20 January 2004-Rensselaer Polytechnic Institute: Rensselaer Launches 2004 Tech Valley Collegiate Business Plan Competition; Business plan-writing workshop for area college students set for Jan. 21C1994-2004 M2 COMMUNICATIONS LTD RDATE:01202004 TROY, N.Y. -- Rensselaer's 2004 Tech Valley Collegiate Business Plan...
- Research articles 2004-01-20
- Seven Steps To A Successful Business Plan
- Where's the business plan? How many ideas have been stopped in their tracks by those words? The fact is that most investors. Whether corporate executives or venture capitalists will not put money into a business without a plan. While some people consider this a bureaucratic burden, developing a business plan...
- White papers 2003-01-01
- The Business Plan
- The article discusses different sections of a business plan. The introduction section of the business plan will set the stage and tone for the reader. Article focuses on few points that should be present in every business plan to make it a success. It includes an attention-getting cover page, consider...
- White papers 2003-01-01
- How to Develop and Use a Business Plan
- A well-prepared business plan is more than a necessary tool to seek funding. It should also be a functional road map for the growth strategy. For any business to be successful, it must be started and operated with a clear understanding of its customers, its internal strengths, its competitive environment,...
- White papers 2003-01-01
- Business Plan Creation
- The business plan is a written summary of the entrepreneur's proposed venture, its operational and financial details, its marketing opportunities and strategy, and its managers' skills and abilities. There is no substitute for a well-prepared business plan, and there are no shortcuts to creating it. "Your business plan is like...
- Tools & templates 2007-09-01
- Business Plan Sample
- A well-written business plan is a crucial ingredient in preparing for business success. Without a sound business plan, a firm merely drifts along without any real direction. Yet, entrepreneurs, who tend to be people of action, too often jump right into a business venture without taking time to prepare a...
- Tools & templates 2007-09-01
- Crafting a Business Plan for Your e-Business
- If one is serious about the success of online business, then one needs to find ways to give themselves every advantage over competition. A business plan can serve a few main purposes. For smaller companies who may not need to rely on outside funding to get started, a business plan...
- White papers 2003-08-04
