Every business needs different types of plans: some that focus on the current business or a specific project, the others on the future and development. It is important to know the differences among them so your business benefits from all. Major plans that any business needs are, the “Business Plan” and the “Strategic Plan”.

A “Business Plan” describes in detail how a business (usually a startup) put its objectives and how it is to go about achieving them. It lays out a roadmap for the firm from marketing, financial, and operational standpoints.

A “Strategic Plan” assesses the current environment of a business, both internally and externally. It talks about how you want to change your company to grow or be ready for the future.