Types of business plan

Different types of business plans refer to a business or organization’s various formats and purposes that business plans serve based on the specific needs and objectives of Business plans. Business plans are tailored to stakeholders or situations, offering strategies and insights to achieve specific goals.

A business plan acts as a roadmap, guiding the organization’s strategic direction and decision-making process. It acts as a communication tool, effectively conveying the company’s vision, goals, and strategies to stakeholders, whether they are investors, lenders, potential partners, or internal team members.

Some main Business plans include startup, SBA, bank loan, strategic, recovery, continuity, nonprofit, international, internal, immigration, partnership, investor, pre-seed, seed, funding, grants, and marketing. They serve different purposes and audiences, ranging from strategic direction to securing funding or demonstrating social impact.

Startup business plans focus on innovation and scalability, while SBA business plans aim for loans or investments. Bank loan business plans outline financial needs and repayment strategies. Strategic business plans provide a roadmap for long-term organizational goals. Nonprofit business plans emphasize social impact and sustainability. International business plans target global expansion, while internal plans optimize operations.

Business plans consist of consistent components like executive summaries, company descriptions, market analyses, organizational structures, product details, marketing strategies, and funding needs, but their complexity and focus may vary.

Whether writing a plan for investors, grants, internal use, or strategic objectives, experienced business plan writers should customize their services to match the specific needs of each client. Their ability to conduct thorough research, analyze data effectively, and adapt to different industries and regulations is crucial.

 The following are the 17 types of business plans that experts should be able to create.

1. Startup business plan

A startup business plan is an extensive document describing a new business objectives, tactics, and day-to-day operations. Entrepreneurs use the business plan as a road map by outlining their target markets, financial predictions, competitive analysis, and business concepts. This plan is essential for raising capital, drawing in investors, and directing the firm’s expansion.

In a startup business plan, the focus is on innovation, agility, and scalability. Unlike traditional plans, startup ones highlight disruptive ideas, rapid growth potential, and adaptability. Startup business plans have a unique value proposition, customer acquisition strategy, and lean operations.

The business plan must be written carefully considering strategy, clear communication, and in-depth research. A vision statement, target market identification, and market research are usually the first steps entrepreneurs take to validate their ideas. The business strategy, income sources, and expansion plans are clearly stated, along with financial predictions, milestones, and an exit strategy. Startup business plan provides a realistic and appealing roadmap for investors and stakeholders.

2. SBA business plan

An SBA business plan is a formal document required by the U.S. Small Business Administration for entrepreneurs seeking SBA loans or investments. It outlines goals, strategy, and timeframe, guiding entrepreneurs, convincing lenders, clarifying vision, and identifying obstacles.

SBA Business Plan entails an executive summary, company description, market research, management, marketing, and financial projections. The Small Business Administration (SBA) is an agency of the United States federal government. It supports entrepreneurs and small businesses by providing loans, loan guarantees, contracts, counseling sessions, and other forms of assistance.

The SBA business plan is crucial for SBA loan applications since it shows lenders that the company is viable. It also helps business owners define their objectives and pinpoint roadblocks. The SBA criteria are used for market analysis and comprehensive financial predictions.

An SBA business plan, essential for SBA loans, lays out a business’s goals and finances. It’s crucial for loan applications, helping lenders see the business’s potential. It guides entrepreneurs in setting goals and tackling challenges.

3.  Bank Loan Business Plan

A bank loan business plan is a strategic document that outlines a company’s goals, tactics, and financial predictions, essential for securing funds from a bank and ensuring repayment. Important parts include a summary, market study, financial estimates, and product or service information.

The company’s distinctive features must be highlighted in the business plan, along with its target market, competitive advantage, and creative strategy. It must demonstrate an in-depth knowledge of the sector, possible hazards, and risk-reduction techniques. Accuracy, conciseness, and clarity are essential when writing a compelling plan that appeals to lenders.

In writing a bank loan business plan, the style is usually formal, brief, and centered on data. It must express a clear vision for the company’s triumph and inspire trust in the lender about its feasibility and growth potential. Working alongside financial experts and industry insiders can boost the plan’s credibility and impact.

4.  Strategic Business Plan

A strategic business plan is a foundation for decision-making, guiding the organization toward its goals. It outlines the strategies, long-term objectives, and the company’s market trends.

A strategic business plan’s key components include a mission statement, SWOT analysis, knowing the target market, and laying out strategic initiatives. These parts set the plan apart by guiding how the business will grow and last. They show what makes the company stand out and how it will seize opportunities while managing risks.

The writing style of a strategic business plan is typically analytical, methodical, and forward-thinking. It calls for the company’s vision, objectives, and action plans to be clearly stated. Stakeholder cooperation is necessary to obtain information and create a solid plan adjusting to shifting market conditions.

5. Recovery Business Plan

A recovery business plan is a strategic document that ensures a business overcomes setbacks and disruptions, particularly during natural disasters or economic declines.

Key elements of a recovery business plan include risk assessment, contingency measures, communication strategies, and resource allocation. These components distinguish the plan by focusing on resilience and adaptability. The emphasis is on swift response and recovery, enabling the business to bounce back effectively.

A recovery business plan is usually written in an action-oriented, practical, and problem-solving manner. Timelines, roles, and responsibilities must all be well-defined. Cooperation between stakeholders is crucial for the successful implementation of recovery plans and a coordinated reaction.

6. Continuity Business Plan

A continuity business plan is also known as a business continuity plan (BCP). It is a strategic document that outlines how a business will continue operating during an unplanned disruption or crisis. The business plan outlines crucial business functions, systems, and personnel. BCP outlines procedures for operations and recovery from emergencies, including risk assessments, emergency response protocols, communication strategies, and recovery steps. It involves risk assessment, emergency response procedures, and effective communication plans. 

Continuity Business Plan stands out because it emphasizes the value of preparedness and resilience, ensuring that all critical business functions can continue without interruption. It includes detailed procedures for maintaining essential services and a recovery plan to return to normal operations quickly. The writing style is clear, and structured, and focuses on actionable steps and responsibilities.

The continuity business plan must be comprehensive yet easy to understand, with specific roles and tasks clearly defined. It requires input from all departments to ensure every detail is included. Regular updates and drills are essential to keep the plan effective and relevant.

7. Nonprofit Business Plan

A nonprofit business plan is a detailed document outlining the mission, goals, strategies, and financial projections of a nonprofit organization.  It secures funding, guides decision-making, and ensures accountability, focusing on social impact over profit. The business plan includes detailed plans for fundraising, grant applications, and volunteer management to support its goals. Its writing style is formal and persuasive, aiming to inspire confidence and support from donors and partners.

A Nonprofit Business Plan should clearly outline the organization’s mission and action plan. The document should provide accurate financial estimates and evidence of the wise use of money. Collaboration with the board, staff, and community stakeholders is essential to gaining support and buy-in from all sides.

8. International business plan

An international business plan is a strategic document that outlines a company’s goals, strategies, and operational plans for expanding into international markets. IBP covers regulatory compliance, market research, and entrance tactics, and is crucial for companies looking to grow internationally. The essential components are planning for cross-border logistics, international marketing tactics, and market analysis. IBP ensures informed decision-making and successful market penetration.

International business plan uniquely focuses on cultural differences, local market conditions, and international regulations. It includes strategies for localization, adapting products or services to fit foreign markets, and managing international partnerships. The writing style is formal, emphasizing thorough research and strategic planning.

The international business plan must address risks and opportunities specific to each target market. It should outline clear steps for market entry, such as joint ventures, franchising, or direct investment. Input from local experts and a deep understanding of the global landscape are crucial for success.

9. Internal business plan

An internal business plan is a crucial document within a company that outlines its strategies, goals, and resources. It is essential for directing internal decision-making, enhancing effectiveness, and monitoring development. Key elements include departmental goals, resource allocation, and performance metrics.

Internal business plan uniqueness is in its focus on the company’s internal operations rather than external markets. It includes detailed plans for operational improvements, employee development, and internal communication. The writing style is straightforward and focused on actionable steps and measurable outcomes.

The internal business plan should clearly define each department’s roles and objectives. Departmental cooperation is necessary to guarantee alignment with the company’s general plan. The plan must be reviewed and updated often to remain current and functional.

10. Immigration business plan

An immigration business plan is a strategic document that supports visa applications by detailing a business’s potential contributions to the host country’s economy. The business plan outlines the business’s structure, product offerings, marketing strategies, and financial projections. The immigration business plan aims to create jobs, generate revenue, and stimulate economic growth in the host country while adhering to local laws. Entrepreneurs and investors seeking business or investment visas must consider business objectives, market analysis, financial forecasts, and job creation plans.

The Immigration business plan is unique as it must align with immigration requirements, demonstrating economic benefit and sustainability. It includes detailed financial projections, plans for hiring local employees, and compliance with local laws. The writing style is formal and detailed. The aim is to meet immigration criteria and convey the business’s viability.

The immigration business plan should present the business model and its economic impact. It requires thorough market research and realistic financial projections. Collaboration with immigration consultants and legal experts is essential to ensure the plan meets all regulatory requirements.

11. Partnership business plan

A partnership business plan is a detailed document that outlines the goals, strategies, roles, and responsibilities of each partner in a business venture. The document provides a comprehensive overview of the business structure, market analysis, financial projections, and operational plans to establish a comprehensive strategy for achieving the partnership’s goals. Key elements include partnership structure, financial contributions, profit-sharing, and conflict-resolution mechanisms.

The Partnership business plan addresses the dynamics between partners, ensuring mutual understanding and cooperation. It includes detailed agreements on decision-making processes, roles, and exit strategies. The writing style is clear and precise, aiming to prevent misunderstandings and conflicts.

The partnership business plan should outline each partner’s contributions and expectations clearly. It requires honest communication and agreement from all partners to ensure commitment and alignment. Regular reviews and updates are important in maintaining a healthy and productive partnership.

12. Business plan for investors

A business plan for investors is a document that outlines a company’s operations, strategy, and financial projections. It details the business model, market analysis, competitive landscape, revenue streams, and growth potential, aiming to attract investment by demonstrating the company’s viability and profitability. A business plan for investors is essential for investors seeking capital for expansion, product launches, or market entry.

A Business plan for investors emphasizes return on investment (ROI) and potential growth, showing how investors will benefit. It includes detailed financial statements, market opportunities, and competitive advantages. The business plan is written in a persuasive and data-driven style, aiming to instill confidence in potential investors. It aims to communicate the company’s vision, strategy, and financial potential. An investor’s business plan is backed by thorough research and realistic projections, ideally, with financial advisors.

13. Pre-seed business plan

A pre-seed business plan is a document for startups in their earliest stage, outlining the initial concept, strategy, market analysis, and basic financial projections. It attracts initial funding and support by demonstrating the viability and potential of the startup’s idea. The initial funding round involves securing the business idea, market need, preliminary research, and early financial projections from friends, family, or angel investors.

A Pre-seed business plan is unique because it emphasizes proving the business idea’s viability. It includes a go-to-market strategy, early financial requirements, and a minimum viable product (MVP) plan. The writing style is imaginative and grounded in reality. It communicates the startup’s potential and draws in early funders. 

The pre-seed business plan should clearly define the problem and proposed solution. A compelling narrative is essential to convince early investors of the concept’s promise. Collaboration with mentors and industry experts can provide valuable insights and enhance persuasiveness.

14. Seed business plan

A seed business plan is a detailed document outlining a startup’s initial growth phase strategies, to secure seed funding. It is crucial for showing traction, market validation, and the potential for scalability. Key elements include a polished business model, market analysis, customer acquisition strategy, and thorough financial projections.

A Seed business plan emphasizes early achievements and growth potential. It highlights milestones and key performance indicators (KPIs) including detailed plans for product development, marketing, and scaling operations. The writing style is strategic and evidence-based, focusing on the startup’s progress and future growth.

The seed business plan should articulate the startup’s vision and strategy for achieving significant growth. It requires detailed market research and realistic financial forecasts to convince investors of the startup’s potential. Collaboration with financial advisors and industry experts can enhance the plan’s credibility and effectiveness.

15. Business Plan for Funding

A business plan for funding is an essential strategic document that articulates a company’s strategy, operations, and financial requirements in detail. The document offers a thorough analysis of the business model, target market, competitive analysis, marketing and sales strategies, organizational structure, and growth projections. A well-crafted business plan outlines funding needs for expansion, new projects, research, marketing, and operational improvements. It serves as a roadmap for potential investors, demonstrating profitability, scalability, and long-term success. A Business plan for funding aligns expectations and objectives, fostering transparency and trust.

Business Plan for Funding shows how the company can generate returns and repay the loan or investment. It includes detailed financial statements, cash flow projections, and risk assessments. The writing is formal and precise, aiming to make a clear and compelling case for funding.

The business plan for funding should present the company’s financial needs and how the funds will fuel growth. Thorough research and realistic projections are required to build trust with lenders or investors. Working with financial advisors can boost the plan’s credibility and effectiveness.

16. Business Plan for Grant

A grant business plan is a comprehensive document outlining an organization’s mission, objectives, strategies, and financial projections, tailored to grant providers. It includes background, project description, market analysis, implementation plan, budget, and evaluation metrics. It is essential for researchers, non-profits, and groups looking to fund particular projects or efforts. An impact assessment, objectives, budget, and project description are important components.

Business Plan for Grant stands out because it emphasizes the project’s social, scientific, or community benefits, aligning with the grantor’s priorities. It includes detailed plans for implementation, evaluation, and sustainability. The writing style is formal and persuasive, aiming to showcase the project’s value and alignment with the grant’s goals.

Grant business plans should clearly outline project goals, impact, and funding requirements. They should have realistic budgets and stakeholder collaboration for credibility and success.

17. Business Plan for Marketing

A marketing business plan is a strategy document that outlines a company’s marketing goals, strategies, and budget. It involves market analysis, planning marketing strategies, identifying target audiences, and budgeting to guide marketing efforts. It links them to corporate goals and assesses their effectiveness.

Business Plan for Marketing increases sales, strengthens brand recognition, and promotes the company’s goods and services. Plans for digital marketing, public relations, advertising, and sales promotions are all included. The content is action-focused and smart, giving marketing initiatives a clear course of action.

A marketing business plan should clearly outline marketing goals, target markets, and strategies, requiring thorough market research and strategic budgeting for successful and efficient marketing. Working together with analysts and marketing experts can improve the accuracy and efficacy of the plan.

Do all types of business plans have the same components?

Yes, the different business plan types generally share common components essential for effectively communicating the company’s strategy, operations, and financial projection. Business plan parts are an executive summary, company description, market analysis, organization structure, products, marketing, and funding needs. These parts clearly explain the company’s strategy, operations, and finances.

The executive summary gives a quick overview, urging readers to learn more. The market analysis looks at industry trends, customer needs, and competitors. The organization part talks about the company’s structure and leaders. The business plan also covers products, marketing, funding, and financial projections to show how the business will make money. By using the same elements, they follow similar steps of creating a business plan.

Can a professional business plan writer create any type of business plan?

Yes, a professional business plan writer can create any business plan type. Professionals know the complexities and requirements associated with different kinds of business plans, be they for grants, investors, pre-seed capital, or seed investment. Their expertise in market research, financial analysis, and strategic planning enables them to tailor the content and structure to the particular needs of any business. Employing professionals guarantees that the business plan is thorough, convincing, and compliant with best practices and industry standards. Hiring a professional writer can significantly increase the efficacy and credibility of your business plan if you’re looking to create one of the highest caliber. 

Does the business plan writer Charge same price for all types of business plan?

No, the cost of a business plan writer varies depending on the type of business plan. Simpler business plans, such as those for internal use or basic marketing, can often be cheaper. Complex business plans like those needed to obtain funding or investment usually require more thorough investigation, analysis, and strategic planning and may be more costly. Business plans requiring specialized knowledge or extensive customization may be of a higher price tag. Talk about your needs and budget with potential writers to get a custom business plan at a good price. Look into your options for finding a writer who offers quality work at a reasonable price.

How do you check if the writer can deliver your type of business plan?

It is important to verify the qualifications and expertise of a business plan writer before hiring them to create your specific business plan. Knowledge of your industry or area of expertise, a track record of successfully creating business plans, and knowledge of relevant regulations and market trends are all important factors to verify. Consider their ability to conduct thorough research, analyze data effectively, and persuasively convey complex ideas. An effective business plan writer must be flexible and capable of customizing their strategy to align with your specific requirements and goals. By assessing these fundamental characteristics, you can improve the chances of discovering a writer capable of providing a top-notch business plan that fulfills your needs and standards.