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A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized. It is the road map to the success of your business. For anyone starting a business, it's a vital first step.
Download your free business proposal template here! What is a business proposal? A business proposal is a request by a business or individual to complete a specific job or project, to supply a service, or in some instances to be the vendor of a certain product. It is not a business plan. While you might use your business plan to help inform your business proposal when youâre writing it, these documents are not one and the same. In its simplest form, a business plan is a guide for your business, a roadmap that outlines goals and details how you plan to achieve those goals.