What’s the Difference Between a Business Plan & Business Proposal

Business plans can be divided roughly into four distinct types. There are very short plans, or miniplans, presentation plans or decks, working plans, and what-if plans. They each require very different amounts of labor and not always with proportionately different results.

What are the three main purposes of a business plan?

• Establish a business focus. The primary purpose of a business plan is to establish your plans for the future.
• Secure funding.
• Attract executives.

What is a business proposal?

A business proposal is a document used by a B2B or business-facing company (this may not always be the case) where a seller aims to persuade a prospective buyer into buying their goods or services. This includes basic information, like your company’s name and contact information, your company logo, your client’s name and contact information, the date, and a title. It makes the proposal look neat, organized, and well put together.

Employee Handbooks

While your business is not required to have an employee handbook, handbooks do offer many legal and non-legal benefits.

Here are six basic policies your business should have in place before you add another client or hire additional employees.

1.) Workplace Safety Policies.
2.) Disciplinary Policies.
3.) Device Use Policies.
4.) Work Hours and Turnaround Time.
5.) Late Payment Policies.
6.) Return/Refund Policies.