Types of business plans

There are various types of business plans depending on the purpose and usage:

A winning start-up business plan can be a game-changer to attract funding from investors. It should weave all key components to make it a promising investment – company overview, products/services, estimated costs, market evaluation, competition insights, risk analysis, cash flow projections, marketing strategies, and the management team’s strengths.

It lays down the details of a company’s strategies to fulfill its goals.

It outlines the company’s vision, mission, strategy, and goals, the driving force for success, and the timelines.

This plan moves the needle and steers focus on in-house planning and growth.

It ensures that everyone grasps the company’s overall plan for growth.

It prepares organizations to move forward by identifying and removing any blockages and assess and revise the strategies when required.

An export plan helps you understand the facts, constraints, and goals around your international effort.

Use it to create specific objectives, decide on implementation schedules, and mark milestones of your success.

It can also motivate your team to reach goals.

It is an internal plan that maps out The actual or basic facts of a company’s operations plans and activities.

This is a development or an expansion plan of a business.

It is used for both internal and external purposes.

An external growth plan is written to attract investment from external sources.

An internal development plan counts on its own business capabilities, revenue, and resources.

It works as a guide to provide the right directions.

A company scouts out a feasibility study when it plans to irregular invasion into a new venture, new product, or a new market.

It articulates:
How well will the product or services perform?
Is the business promising? What is the expected return on investment (ROI)?

At a point where you face unordinary conditions, you need a variation on the existing plan.

A what-if business plan arranges to fall back on a contingency plan when things go sideways.

For example, an unexpected surge in demand, new competition, drop in market size, etc.