A business model is a holistic framework to design how a business might create and capture value. A business plan is a document explaining how a business might become viable. Where a business model is made to be tested, a business plan’s primary goal is to gain investments.
A business model is a framework to understand the way an organization works, a business plan is a document that helps to understand the future strategy of an organization and its expected performance in a three to five years time frame.
While in some cases a business plan can also serve the purpose of better understanding your own business, and in some other cases the business model can be comprised within the business plan.
A one-page template for developing a start-to-finish business plan.
Lean Canvas provides tools, content, and coaching for entrepreneurs, including guides that help you communicate your business idea in one page.
The $100 Startup provides downloadable guides that can help you quickly move an idea forward. Not as detailed as a complete business plan, the site's "Resources" section includes a One-Page Business Plan and a 39-Step Product Launch Checklist.
Create a visual map for the success of your business.
Think outside the business plan with these ideas for alternatives to traditional plans.