Standard Business Plan is the most popular and most frequently required form of Business Plan. This form is usually requested when the external sources of funding are needed, such as bank loan or independent investors.
The full Business Plan consists of two main parts that allow the recipient of the Plan fully understand the nature of the business under review, its advantages and disadvantages as well as assess the possible potential of the company.
The parts of Business Plan are :
- Management Plan which includes Mission Statement, Company ownership, and management team description, SWOT Analysis of marketing strategy implementation.
- Financial Plan, which includes the main financial statements and determines the profitability potential of a company.
The standard Business Plan also includes the relevant attachments and supporting documents that will influence the decision-making a process of a lender or investor.
Apart from the numeric side, Financial Plan consists of a descriptive part that explains the financial statements and gives a deep insight into the condition of the company.
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