A business plan is a critical written document that summarises and details the future of your business. All businesses require a business strategy. The plan should include a description of your business's strategy and primary objectives for getting from where you are now to where you want to be in the future.

In its simplest form, a financial projection is an estimate of future income and expenses. Typically, the projection incorporates internal or historical data as well as a forecast of external market conditions. In general, you'll need to generate financial projections for the near and distant futures.

Strategic planning is a process by which executives define their organization's future vision as well as its goals and objectives. Additionally, the process entails determining the sequence in which those objectives should be accomplished in order for the business to accomplish its stated vision.