Strategic Plans vs. Business Plans
So let me tell you the key differences between a strategic plan and a business plan.
You'll want to create a Business Plan when you are looking to:
- Start a new company
- Organize their thoughts
- Judge the viability of your business idea
- Identify your general business strategy
- Understand potential financial results
- Present to bank or investor for financing
And you'll want to create a Strategic Plan in order to:
- Grow an existing business
- Identify the best opportunities for growth
- Determine and prioritize your financial and HR needs
- Effectively communicate your plan to your team
- Provide a detailed and focused game plan
As you can imagine, strategic plans are reserved for entrepreneurs who are serious about growing their companies.
And strategic plans are the single biggest factor that separates average entrepreneurs from super-successful entrepreneurs..
No comments:
Post a Comment