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Audience[ edit ] Business plans may be internally or externally focused. Externally-focused plans draft goals that are important to outside stakeholders, particularly financial stakeholders. These plans typically have detailed information about the organization or the team making effort to reach its goals.
With for-profit entities, external stakeholders include investors and customers,  for non-profits, external stakeholders refer to donors and clients,  for government agencies, external stakeholders are the tax-payers, higher-level government agencies, and international lending bodies such as the International Monetary Fundthe World Bankvarious economic agencies of the United Nationsand development banks.
Internally-focused business plans target intermediate goals required to reach the external goals. They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization.
An internally-focused business plan is often developed in conjunction with a balanced scorecard or a list of critical success factors. This allows success of the plan to be measured using non-financial measures. Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans.
Operational plans describe the goals of an internal organization, working group or department. They may also address the project's place within the organization's larger strategic goals.
The content and format of the business plan is determined by the goals and audience. For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission.
Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
Venture capitalists are primarily concerned about initial investment, feasibility, and exit valuation.
A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and sustainable competitive advantage will lead to a high exit valuation. Please help improve this article by adding citations to reliable sources.
Unsourced material may be challenged and removed. August Learn how and when to remove this template message The format of a business plan depends on its presentation context. It is common for businesses, especially start-ups, to have three or four formats for the same business plan.
An " elevator pitch " is a short summary of the plan's executive summary. This is often used as a teaser to awaken the interest of potential investors, customers, or strategic partners.The backbone of a business plan starts with the business owner’s objectives and the potential success of the business based on current and future market analysis.
Back to Business plans and cashflow Writing your business plan Example of a business plan Example of a cashflow A finance provider will review any business plan submitted; it is essential that your plan relates to your business and you do not rely on a generic document.
A finance provider will. A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching monstermanfilm.com may also contain background information about the organization or team attempting to reach those goals.
Written business plans are often required to obtain a bank loan or other financing. Create Strategic Plan. Create Strategic Plan in less than 5 minutes.
Legally b A+ Rating – Better Business Bureau. SAMPLE BUSINESS PLAN: Moose Mountain Café Moose Mountain Café The purpose of this business plan is to obtain debt-based capital and to secure private equity funding.
The total amount of capital needed is $30, The Business Moose Mountain Café has selected the sole proprietorship as its formal legal entity. This. Protect your assets and strengthen your companys' reputation by forming a Rush Processing Available · Service All 50 States · We File Your Paperwork.