Q1: Find two business plans in your library or in our class Project. What are the common topics covered
across all two plans? What are the differences? Choose the one that you believe is the best written and
then describe why you believe it is better than the others?
Answers
Answer:
Business plans go by many names: Strategic plans, operational plans, internal plans, Lean Plans, and many others.
Lately, I’ve been focusing on the Lean Plan. There are also one-page business plans, although those are really more summaries. Of course, there are traditional business plans, which can also be called formal business plans, or wow-do-I-really-have-to-do-all-that business plans.
You might need different kinds of business plans depending on what you plan to use to accomplish. Like so many other things in business, the principle of form follows function applies. Different situations call for different types of business plans. An effective business plan will match its intended use. Knowing the specific use of a particular type of plan will help you build a better roadmap for the future of your business.