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What are the 4 types of business plans? Operational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. ... Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. ... Tactical Planning. ... Contingency Planning.
What are the 7 steps of a business plan? Executive summary. The executive summary is a condensed version of your full business plan. ... Company description. Explain the different elements of your business. ... Market analysis. ... Organization and management. ... Service or product line. ... Marketing and sales. ... Contingency plan.
What is the difference between a business plan and a business proposal? A business plan is a document that clearly spells out how a business intends to realize its objectives and goals, while a business proposal is a sales document that a business entity uses to request a contract from a client.
What are the 5 elements of a business plan? Executive summary. This is your five-minute elevator pitch. ... Business description and structure. This is where you explain why you're in business and what you're selling. ... Market research and strategies. ... Management and personnel. ... Financial documents.