According to the Small Business Administration, the traditional business plan is the most common.
They are standard, with much more detail in each section.
Financial statements, balance sheets, and other financial information may be included for already-established businesses.
New businesses may include targets for the first few years of the business and any potential investors.
Although they're especially useful for new companies, every company should have a business plan.
Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved.A business plan is a written document that describes in detail how a business—usually a new one—is going to achieve its goals.A business plan lays out a written plan from a marketing, financial and operational viewpoint.For example, Tesla Motors.'s electric car business essentially began only as a business plan.A business plan is not meant to be a static document.Business plans help companies identify their objectives and remain on track.They can help companies start and manage themselves, and to help grow after they're up and running.A good business plan should outline all the costs and the downfalls of each decision a company makes.Business plans, even among competitors in the same industry, are rarely identical.These tend to be much longer and require a lot more work.Lean startup business plans, on the other hand, use a standard structure even though they aren't as common in the business world.