What Types of Business Plans are There?

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There are two main types of business plans that can be created for the clients. Both of these are planned in a way that it helps in developing new businesses through conceptualization.

These business plans will have achieved their purpose only after the organization has started operating actively.

A Concept Presentation Plan is the first kind.

Concept Presentation Plans typically range between 10-24-pages in length; these basically give a picture of the organization's business concept, goals, principals, market trends etc. This plan includes no financial statements. The main purpose of this is to make the landlords and managers believe in this that your organization has a very appealing concept of business, and yours is the company that they should be interested in for leasing the available space.

The Full Financial Business Plan is the second kind of business plan.

Companies generally need Full Financial Business Plans to take loans from banks, and also to lure investors to lend them money. It all depends on what it contains; it could be anything from 25 to 100 pages of data long. This includes the essence of the concept presentation plan, although primarily this explores the total costs of the project, also around when the project will begin bringing in profit.

A full financial business plan is essential for any organization that is opening a retail business. This business plan is perhaps more important to the company making it more important than any one else as it helps to visualize the profit and the loss.

It is extremely important for the company to identify the individuals who do not need a peek into your finances. It is in fact advantageous if they do not. All realtors and also the property managers fall under this group.

The Concept Presentation Plan must include a cover page, a statement of the mission, the products, a market trend analysis, the principals, the marketing techniques, the service philosophy, the target market locations, the target market and a sample menu.

For more on this please visit: Simple Business Strategies and Writing a business plan for any business

Source by Dixita Dutt

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