The first thing to point out, is that a business plan and a business strategy are both strategic – and what’s more, they work together.
(PRWEB) September 17, 2014
People who struggle to distinguish between a business strategy and business plan, can now head to http://www.perwickstrom.com and get the answer by reading Per Wickstrom’s latest blog post.
“The first thing to point out, is that a business plan and a business strategy are both strategic – and what’s more, they work together, commented Per Wickstrom. “The way I view it is that a business plan is part one, followed by a business strategy which is part two.”
According to the blog post, a business plan is typically associated with a new venture or start-up, and is designed to be presented to investors or banks to secure capital. Elements of a typically business plan include: market value, growth potential, service/product lines, and financial projections.
A strategic plan, on the other hand, is typically associated with an existing business. Elements typically include: Key Performance Indicators (KPIs), SWOS analysis, complex and detailed financial projections and charts.
The full text of Per Wickstrom’s latest blog post entitled “What is the Difference Between a Business Plan and a Business Strategy” is available at http://www.perwickstrom.com/blog/what-is-the-difference-between-a-business-plan-and-a-business-strategy/
For additional information or media inquiries, contact Amber Howe, Executive Director BDR, at (231) 887-4590 or ahowe(at)rehabadmin(dot)com.
About Per Wickstrom
Per Wickstrom is the President and Founder of Best Drug Rehabilitation, a drug and alcohol rehabilitation center focused on helping individuals through holistic and natural methods. Per believes that it's never too late to turn your life around and do something positive with your life - he is living proof that hard work, perseverance, and a positive attitude can overcome any negative situation.