Business plan

These plans typically have detailed information about the organization or the team making effort to reach its goals.

An internally-focused business plan is often developed in conjunction with a balanced scorecard or OGSM or a list of critical success factors.

A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and sustainable competitive advantage will lead to a high exit valuation.

Writing a good business plan can't guarantee success, but it can go a long way toward reducing the odds of failure.

Reference class forecasting has been developed to reduce the risks of cost overruns and revenue shortfalls and thus generate more accurate business plans.

An externally targeted business plan should list all legal concerns and financial liabilities that might negatively affect investors.

Depending on the number of funds being raised and the audience to whom the plan is presented, failure to do this may have severe legal consequences.

Alternatively, they may require each party to receive the business plan to sign a contract accepting special clauses and conditions.

Fundraising is the primary purpose of many business plans since they are related to the inherent probable success/failure of the company risk.

For-profit business plans typically focus on financial goals, such as profit or creation of wealth.

In non-profit organizations, creative tensions may develop in the effort to balance mission with "margin" (or revenue).