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For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
A "forecast" is typically a combination of actual performance year-to-date plus expected performance for the remainder of the year, so is generally compared against plan or budget and prior performance. The financial plans accompanying a strategic plan may include three–five years of projected performance.
A business plan focuses on the business goals and background information about the organization and key team members. It is commonly developed for a 3-5 year time frame and is useful when seeking external funding from either banks or investors. On the other hand, a growth plan is short term, typically 1–2 years or less.
The board brought forward to 2027 plans to almost double oil output to 5 million barrels per day and also approved a five-year business plan and capital spending of $150 billion. ... for example ...
According to the U.S. Small Business Administration Office of Advocacy's October 2020 report, an average of 67.6% of new employer establishments survived at... My First 5 Years in Business: 6 ...
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