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SME  >  Biz Resources  >  Business Tips  >  Writing A Strategic Plan

Getting Started  Writing a Strategic Plan  Funding and Incentives

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A strategic plan will give your business an extra edge in terms of position and brand recognition. It should not be confused with a business plan. A strategic plan is likely to be a very short document whereas a business plan is usually a much more substantial and detailed document. A strategic plan can provide the foundation and framework for a business plan. A satisfactory strategic plan must be realistic and attainable so as to allow managers and entrepreneurs to think strategically and act operationally

For a detailed, step-by-step guide to creating that strategic plan, visit http://entrepreneurs.about.com/od/businessplan
A business plan is a work-in-progress. Even successful, growing businesses should maintain a current business plan. Every successful business plan should include something about each of the following areas since these make up the essentials of a good business plan:

• Executive Summary
• Market Analysis
• Company Description
• Organization & Management
• Marketing & Sales Management
• Service or Product Line
• Funding Request
• Financials
• Appendix

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