Do the components of a business plan change from company to company?
The fundamentals don’t. Even though there is no formula for writing a business plan, the owners always need to be able to identify fundamentals like products and services, pricing methodologies, their competition, differences between their products and services and why they are better than their competitors’ offerings, marketing strategies, financial details, organization charts and mission statements. However, the details of the individual plans may change a bit. There may be things added or taken away, depending on the type of business. But, for the most part, there is a core list of considerations that are a part of every business plan. Should business owners monitor their business plans occasionally? Yes, especially with the financial sections of the plan. The writers of the plan probably know the details about the products, services and competition, etc. They know what they are going to sell and how they are going to make their money. The financial sections drive a lot of decision
