A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals, along with supporting financial data interpreting the plan.
Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community.
When a business is new or is to assume a major change, or when planning a new venture, a 3 to 5 year business plan is recommedned, since all stakeholders will look for their annual return in that timeframe.
IAIS can assist you and your business in all aspects of your business planning and forecasts. Just call your IAIS office for an appointment.