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Getting Started in Entrepreneurship: Business Planning

Business Resources

Business Model Vs Business Plan: When And How To Use Them

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.

Charlotte Mecklenburg Library Business Planning Resources

Specialty/Alternative Plans (Web Resources)

www.cmlibrary.org