It may also incorporate timelines for the accomplishment of milestones.
I have written and continue to write business plans.
The plan will be used for raising capital, expansion, reorganization of resources and activities, downsizing, and/or preparation for sell-out.
A strategic management plan addresses one or more of the elements of a business plan, but the primary focus is on the management team and its personnel.
I provided definitions based on my experience, not textbook interpretations.
A sole proprietorship is a business that is owned and operated by a natural person (individual). – SARSTypical sole traders include the man-in-a-van type of occupation such as a plumber or electrician.
I have written only one strategic business plan in my life.
And I have read some books on the demise of the generalized document.
It incorporates the basic elements of market research, promotional strategies, operational requirements, and financial projections.
There are many variations and sub-categories of each element described above, but all are focused on addressing the undeniably important, overall components of operating a business enterprise.