Question

what are 4 business plan models. compare and contrast.

Answer 1

The four business plan models and their comparison and contrasting points are discussed below:

1. The Lean Plan model – This plan model is used by businesses to manage activities, strategy, dates etc. This model is, when compared to a formal business plan, faster, easier and more efficient. Lean plan model includes specific deadlines and milestones and the budgets are allocated accordingly to meet them.
2. The Standard Business Plan model – This plan model is often used when a business or an organization has the need to present its business details, financial details and other plans to a bank or to a potential investor or to a new prospective partner. This model include details like the product or the service being sold by the company, its target market and strategy to effectively reach the target market, financial forecasting etc. Effectively the lean plan model serves as the first draft of a standard business plan.
3. One page business plan model – This plan model is a quick summary model and mainly makes use of highlights so that a quick overview of a business can be provided. This plan model is also known as a business pitch and is used when trying to raise a loan, borrow money, issue debt instruments etc.
4. Operations plan model – This model is a annual model and is used for the purpose of tracking goals and monitoring progress of a business on an annual basis. The plan model includes specific implementation milestones, whether the business is on track to meets its goals and objectives, details with regards to inner workings of the company etc.