Business plan types. For sure, a business plan is one of the most important tools to evaluate and define if your business idea is viable or not. However, it can be utilized for several important situations.
And not just to start a business. And it doesn't necessarily have to be very long. In some cases it can be up to 1 page only.
Thus, providing a much more solid and profound basis for making more coherent, grounded and assertive decisions. Therefore, we separate here 07 powerful Business Plan Types that can help your company a lot at different times and in different situations. In a very practical and concise way.
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To try to make the types of business plan that we will show here very clear, it is important to understand what a business plan is first. Which, in short, is a guide for your business that scores goals, dates and details on how to achieve the specific objectives of your project. That is why it is considered a tool that draws a faithful portrait of the market, the product and the attitudes of entrepreneurs.
In addition, the business plan aims to minimize the risks and uncertainties of the project. When well worked, it is able to identify business potential. But also possible flaws, threats and project errors before putting it into practice on the market.
That is, with it, you will be able to analyze whether your business model and idea are viable or not. Therefore, if you want to understand what a business plan is, watch our video that shows it in a very practical way. If you want to watch it, just click this button above or the link we left in the description.
At the same time, in order to better understand each type of plan that we will show here, it is very important to understand well what the objective of the business plan is and for whom it will be presented or used. For example: it can be designed to be used internally in the company or presented to someone outside the company. As investors.
In this way, will you be able to understand the characteristics of each type and define which is the best option according to your goals and needs, combined? That said, let's go to the 07 Types of Business Plans that are widely used. 1.
INITIALIZATION PLAN This type of business plan aims to develop a plan to understand whether a business idea or company has potential or not. That is, it will lay out the steps and details to get a new venture up and running and provide a framework for the successful future of your business. At the same time, it will help to analyze well how much money needs to be invested to get the idea off the ground.
Still, it points out and deepens in other important topics. As the history of the company or partners, which product or service will be marketed, how is the market situation, people involved, necessary structure, anyway. 2.
FEASIBILITY PLAN Also known as a “feasibility study”, this type of plan serves to explore and understand the feasibility of offering a new product or service. As the name says. Generally, this plan focuses more on an evaluative approach than a strategic one.
That is, it defines whether the project or business is capable of generating positive results or not. This is accomplished through the collection and analysis of data that promotes a more assertive basis for decision-making. It serves, for example, to understand whether the launch of a new product or service has a chance of success.
Or the entry of a new brand into the market. Between others. 3.
GROWTH PLAN As the name implies, this type of business plan evaluates and focuses on the growth of a business or a product or service. In this way, the information and analyzes used explore more the chances of growth in question. As a result, being able to outline paths to be followed to achieve the goals and objectives to grow.
Scoring your needs and priorities. All in a sustainable, healthy, responsible and profitable way. And here, it is worth pointing out that not all growth necessarily refers to expansion.
Sometimes, growth can be considered as an investment in structure or equipment purchase, increase in production load, hiring new employees, in short. 4. STRATEGIC PLAN The strategic business plan focuses on the strategic issues of high-level decisions.
In this way, it provides a foundation and visions of the objectives that need to be achieved. As well as the paths to be followed by the entire company. Generally, they tend to explore points such as: the company's business vision, mission and values, critical success factors, schedules and people in charge, in short.
Thus, it will be used to guide everyone in the company to follow the desired path. 5. OPERATIONAL PLAN This type of plan focuses more on the operations part of the company.
For example: defining how the business will be developed and executed. In this way, it focuses on details to put business ideas on its feet. Literally, how to take the idea from paper to the functioning and operation of the company.
Everything to leave the points organized and viable to implement the project as a whole. 6. RESTRUCTURING PLAN We also have this type of plan which, as the name says, focuses on restructuring the business or even product or service.
In general, it works in a similar way to the other types we talk about here. However, the focus is on restructuring the company or business that already exists. Always punctuating what is the main objective, needs, goals, strategies, paths to be followed, anyway.
7. MINI PLAN This type of business plan is more succinct. It summarizes all the information to be more direct and practical.
That is, your content includes brief and relevant descriptions of your company, product/service, market, timeline and sales projections, for example. Thus, it shows a brief overview of what you want to work on and accomplish. Literally, how the business, product or service would work.
However, although this type of plan is more practical to develop, it needs to be based on studies and information previously collected and analyzed. This is very important. Otherwise, the chances of this type of business plan being shallow and superficial are very high, agreed?
Those were the 7 types of Business Plan. They are very powerful and that's why they are used a lot. But here, keep in mind what we said earlier: to know what the best type of business plan is, you first need to define the main purpose of why you are developing a business plan.
As well as who it will be made or presented to. Thus, you will have a better basis for defining which model to use, depending on the occasion in question, agreed? Also, if you want to learn more about Business Plan, we recommend watching our playlist that shows you everything you need to know about this subject.
Including, with business plan templates that exist. Even those with only 1 page. So, if you want to watch this playlist, just click on this button above or on the link that we leave in the description.
And the types of plans we talk about here are not the only ones, but they tend to be the most used. However, if you have any plans that you know of and we haven't talked about them here, write them in the comments and share them with us! And there?
Did you like this video? So, if you can, click on the “Thanks” button below and help our channel to continue producing and improving videos and content of this type for you. And just to recap what we talked about: 1.
STARTUP PLAN 2. FEASIBILITY PLAN 3. GROWTH PLAN 4.
STRATEGIC PLAN 5. OPERATIONAL PLAN 6. RESTRUCTURING PLAN 7.
MINI PLAN We hope you enjoyed it! And if you want to learn more about how to set up and manage your own business, visit our YouTube channel where we have several videos on this subject, okay? And if you liked it, share this video with your friends and family to help them too!
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