Business planning

Business planning is fundamental to any business. A well-considered, structured business plan should provide an understanding of your operational plan (including organisational structure), marketing plan and financial projections.

There are a lot of overlap areas between business and strategic plans; however, they can be summarised by the following: the business plan sets out your business objectives, what you want and plan to do; and the strategic plan details how you will go about making those changes (refer Strategic planning note).