Formal or informal analysis providing an organized collection of thought processes regarding the formation and development of a business
Business plans are a formal or informal analysis providing an organized collection of thought processes regarding the formation and development of a start-up business or a change in business products and services offered by an existing business enterprise.
The purpose of business plans are to establish a workable plan for the organization, capitalization, management, staffing, facilities needs, and operations of a business engaged in any business type. It is understood that the formation of a new business is a dynamic process. As a result, the results generated by the proposed business will likely differ from the published plan.
VAVA Inc. primarily provides business valuation services. While business valuations are quite different from business plans, the two “planning” documents are very similar in terms of both purpose and presentation. In fact, many of VAVA Inc.’s business valuation clients use valuation reports as business plans (both formally and informally).
Each plan is unique and must be tailored to match the specific elements and characteristics of each enterprise. However, the structural outline of a business plan is consistent across most enterprise types. Even non-profit entities require most of the same basic elements.