Business Plan or Strategic Plan - Your Company's Roadmap to Success
Types of Business Plans
Depending on the state of your business, your business plan may take one of several forms. A new
business or upstart will typically use its business plan to chart a course during the critical period
of negative cash flow while gaining traction in its market segment. Companies that have been in business
for some time often create a business plans to help them regain their focus and competitive edge, or
to aid in adapting to changes in their market.
Business Plan Goals
New Businesses or Startup Businesses require a business plan that offers specifics about
how the company will gain market share, attract key employees, develop technology etc. Frequently the
plan is presented to potential investors with the hope of attracting capital to get the fledgling
company off the ground.
Growth Phase Companies that have been in business long enough to have earned a firm place within
their markets, often create a new business plan to use as a guide to tap their true growth potential.
Depending on the type of business, this can mean many things. For a retailer that has established itself
with a proven business model, the next logical step is to open new locations. Manufactures frequently
seek opportunities to gain market share or to expand into new markets altogether.
Whatever the business goal, developing well-planned roadmap of how to achieve it is a critical step
toward making it a reality. Business Services & Development, LLC has the experience necessary to guide
you in developing your own roadmap to success. We write business plans for organizations of all sizes,
taking the time necessary to understand your goals and how they relate to your industry.
The Strategic Plan is a type of business plan focused on achieving specific objectives. The strategic
plan should serve as a framework for making business decisions or for securing management support or approval.
Strategic plans provide a basis for more detailed planning and may be used motivate employees or managers in
support of organizational goals.
Companies launching new divisions or making decisions about gaining a competitive edge should
consider a formalized strategic plan. Strategic planning often employs tools like the SWOT analysis, whereby
the company explores its strengths, weaknesses, opportunities & treats, that
will be factors as it broadens its market position.
Whether your business is introducing new products or services, opening a second location or responding to a
changing market, Business Services & Development, LLC will help ensure that you are taking the best
possible action toward achieving your business goals.
Please contact us for a free one hour consultation to discuss your specific requirements at
Information@bsdnv.com or 775-883-9608.