Forming a Practical and Functional Business Plan

Definition of Business Plan: -

Business plan is a written form of formal statement of a specified set of targets or goals of a business organization that can be achieved by following the respective plan. An ideal business plan, also contain little background information about the business organization or the team itself, which is particularly effective in case of startup ventures.

Textbooks on Business Plan: -

Some of the efficient books, which will help the students to gather some valuable knowledge pertaining to business plans, are:

• Creating a Business Plan: Expert Solutions to Everyday Challenges, Harvard Business School, 2007.
• How to Write a Great Business Plan, William Andrews Sahlman, 2008.

Examples of Business Plan: -

• Elevator pitch.
• Internal operational plan of the organization.

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