What is the difference between a Strategic Plan and a Business Plan?

                                        

STRATEGIC PLAN

A “strategic business plan” is a written document that pairs the objectives of a company with the needs of the market place. A strategic business plan is necessary to optimize market research and to attain optimum market share for your business. The plan allows a company to know as much as possible about the needs of its customers and gaps in the market place that need to be filled.

BUSINESS PLAN

A “Business Plan” is a guide for how a company will achieve its goals. For anyone starting a business crafting a business plan is a vital first step. There are different business plans for different purposes, and the best business plans are living documents that respond to real world factors as quickly as possible. Always make sure that you make use of a competent/qualified business plan writer.