There is a common confusion between a Business Plan and the Strategic Planning for a company: we can define the Business Plan as a tool for a new company, and the Strategic Plan is the detailed plan for a company that already exists and operates for more than a fiscal year.

Being the most important tool for a new company as it foresees how the endeavor will perform and operate, the Business Plan will detail in writing the major points that will define the company itself.

There are several uses for a Business Plan: as a management tool, as an imperative fundraising tool or even for immigration purposes in processes like E-2, L-1 or EB-1 Multinational Executive Transfer petitions.

From the conventional definition of Mission, Vision and Values, it shall cover in details substantial components, such as staffing, job descriptions, marketing plan, market strategy, competence, key personnel qualifications and background, market differentials,  logistics, premises, suppliers, inventory, manufacturing process, distribution channels, customer care, RMA, strategic partnerships, licenses, trademarks and patents, and obviously the financial figures that were determined by the Financial Feasibility Analysis.