While a business plan lays out the path your business intends to take, a business proposal is a direct response to a potential client’s problem, demonstrating how you intend to solve it effectively.

Every business starts with a vision, which is distilled and communicated through a business plan. Here’s your thorough guide to writing a business plan.

A business plan is a document that explains what a company’s objectives are and how it will achieve them. It can address marketing, financial, and operational objectives.