10 Types of Business Plan - Learn Now!

Before starting with the types of business plans, we must ask what is a business plan? How is a business plan written? A business plan is a written document with a wide range of formats, uses, and audiences. This document usually consists of the objectives of the company and the ways of achieving its goals.

The most common use of a business plan is to get funding, but it is not its only purpose. In this blog, we will discuss ten types of business plans and their use cases. From standard business plans to one-pagers, we will cover all of them.

10 Types of Business Plan

Here are the 10 types of business plan you should know about.

Standard Business Plan

This is the standard business plan that is comprehensible to every type of audience. This business plan consists of an executive summary, company overview, details on the product, market research, competitive analysis, management, and operations with detailed financials.

The reason this plan is comprehensible to any audience is because it is thorough in its approach. This plan provides detailed financial planning, covering all the financial statements with a 5-year projection.

Growth Business Plan

A growth business plan is not as long as a standard business plan. It only consists of the necessary sections, which include growth metrics and strategy for growth. A good growth business plan can become a guide for the implementation of strategies and benchmarking results.

Lean Business Plan

This is a stripped-down version of the standard plan. The lean business plan does not go into great detail about the business; rather, it focuses on strategy, tactics, roadmap, and financial planning.

Internal Business Plan

These are somewhat similar to the lean business plan, but their audience differs. Internal business plans are made for the employees of an organization. This plan can used for strategic guidance and financial planning among the organization.

Operational Business Plan

This business plan sets out the goals and objectives of the operations of an organization for the year. This can include key metrics like KPIs. These plans can be used for operational evaluation and actions that promote efficiency.

Feasibility Business Plan

This business plan is also known as feasibility analysis. This analysis finds the feasibility of a company launching or entering a new market. Companies entering a new territory create a feasibility business plan for guidance and strategy.

One Pager Business Plan

One pager business plan is exactly as the name suggests. It boils down a company’s objectives, strategies, and financials onto a single page. Having a single-page business plan that can effectively showcase your company’s plan can be crucial in the fast-paced business world.

Strategic Business Plan

A strategic business plan is a document that is shared internally in an organization. This plan’s focus is the strategy and its implementation. This business plan does not showcase financials and metrics. It is all about the steps to take to achieve strategic goals.

Contingency Business Plan

An exit plan is important for companies. The business landscape is a volatile environment, and having a contingency plan is the smart thing to do. Consider this as a plan B for the company. If the main strategies fail, then this contingency plan will come into effect.

Nonprofit Business Plan

These business plans are made for nonprofit organizations and do not differ from the standard business plan. They are more focused on the team of the organization and the use of funds. These are the two main factors that affect investors when they are investing in a nonprofit organization.

Now you know the 10 types of business plan. If you want to learn more about business plans and find out which type suits your needs, then you can contact us. We at RK Group have years of experience in making every type of business plan there is.