Most Common Types of Business Plan Templates and Their Main Purpose

 

A business plan is one such strategy document that is used by various investors, owners, or management consultants. It teaches them how to start their small or big businesses through various stages of their business success. These business plans are just written by the prospective business owners just to identify various aspects of their businesses.

Through this plan, they even describe the objectives for ultimate growth. Savvy business owners even write the business plan just to guide the management and promote the investment capital. For creating a perfect business plan, it is mandatory to choose a business plan template. A business plan is categorized into different types which we are discussing right below for you:

1. Start-Up Business Plans

This business plan is generally designed by those people who have newly stepped into the world of enterprise. In this plan, you will be defining all the main sections of your company, highlight services, identify market evaluations and project the management team. Potential investors will also design a proper financial analysis with spreadsheets describing all financial areas.

2. Internal Business Plans

Next, we have internal business plans where it is targeting all the specific audiences. This document will also evaluate the proposed projects where it even describes the company’s current state such as operational costs or profitability. With the internal business plan, you can also provide some information about hiring, marketing, or tech costs.

3. Strategic Business Plans

On the 3^rd spot, we have a strategic business plan where it is providing some high-level view related to the company goals. Although the whole structure of the strategic plan will differ from one company to another. But it includes five main elements such as business vision, mission statement as well as the definition of critical success factors, strategies for easily achieving objectives, and the implementation schedule. In short, this plan will allow you to display the bigger picture of your company.

4. Feasibility Business Plans

This business plan template free will answer all your primary questions related to the venture of the proposed business. In this business plan, you will not be finding it just limited to the sections where it is defining the major need for the product or the service, as well as target demographics and the required capital. A feasibility plan even ends up with the recommendations for yet going forward.

5. Operations Business Plans

Operations plans are considered to be the internal plans which it is based on the elements related to the company operations. An operations plan will hence specify the implementation markers as well as deadlines for the next year. Plus operations plan even outlines the employee responsibilities.

6. Growth Business Plans

Last but not the least; we have growth business plans which are also known as expansion plans. This business course plan will highlight some in-depth descriptions of the proposed growth and are yet written for internal or external purposes. If the company growth is requiring with some investment, then this growth plan will include some company descriptions, team, and management. For satisfying the potential customers, you can also add it with some more details about the company.