Term Business Plan Development
Code TP-6600.1000
Definition Programs that help nonprofit organizations, small businesses and other groups that are in the process of considering a new venture or restructuring current products and services develop a business plan which constitutes the combination of a marketing plan, a strategic plan, an operational/management plan and a financial plan. Business plans generally include an executive summary which states the purpose of the organization, its legal standing and the goals of the business plan; a description of the organization, its services, location, management structure, personnel, method of record keeping, insurance and security; an analysis of the market including an industry description and outlook, target market information, market test results, lead times, and an evaluation of the competition; financial documents including a summary of the organization's financial needs, a budget, a three-year projection, actual performance standards, balance sheet, income statement and financial history; and appendices for supporting documents, e.g., credit history (personal and business), resumes of key managers, letters of reference, contracts and other legal documents.
Created 9/17/03
Changed 8/24/11
Use References Business Planning
See Also References Business Consulting Services (TB-0900.0650-060)
Communications Plan Development (TP-6700.1400)
Marketing Plan Development (TP-5000.5200)
Media Plan Development (TP-6700.5200-400)
Strategic Planning (TP-6600.8300)
External Classification Terms Comprehensive Planning & Development (UW 8.2.02.01)
Nonprofit Management (NTE S50)
Organizational Development & Training (NPC S04)
Other Government/Economic Services (AIRS OT-600)
Other Government/Economic Services (CAN OT-600)
Related Concepts
Facet Service
Comments
Bibliographic References "Essential Elements of a Good Business Plan", United States Small Business Administration website, http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/writing-business-plan/essential-elements-good-busines

“How to Write a Business Plan”, National Leadership Institute, http://www.samhsa.gov/nli/news/busplan.html NOTE: this document is no longer available.

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