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If other businesses, whether they’re in the same industry or not, have successfully implemented a comparable strategy, it adds credibility to your own proof of concept.An in-depth business plan will contain lots of useful information and will likely end up being much more than ten pages.Because it’s so long by nature, you need to make sure to only include the most useful information in each section. Don’t use language that confuses or intimidates readers outside of your industry.
You should include your executive summary, financials, and any information pertinent to the person/s to whom you are presenting the plan.
A shortened business plan is usually made with a specific purpose or recipient in mind, so it will be easy to figure out exactly what is and isn’t important enough to make the cut.
Unlike the other two business plans we have discussed, an operational business plan is meant for internal use only.
This will not be distributed to anybody except for employees or professionals working on your company’s behalf.
This is an easily digestible, much shorter version of your normal business plan.
Typically, it will be between three and five pages.
The reason many business owners first decide to put together a business plan is that they simply have to.
If you want to apply for a business loan, attract investors, or obtain any necessary licensing, business plans are a prerequisite.
An operational business plan focuses on the company’s overarching goals, mission, and vision so that all department stay aligned.
Your Marketing and Sales, Operational Plan, and Financial sections will be key here.