Vector of three overlapping circles representing how each business plan format overlaps and differs from the rest.

The Different Types of Business Plans Explained

Tim Berry | Mar 8, 2023

Business plans go by many names: Strategic plans, traditional plans, operational plans, internal plans, growth plans, and many others.

Different situations may call for different types of plans. And an effective business plan will match its intended use. Knowing how a particular type of plan works will help you build a better roadmap for the future of your business.

Your business planning options

Let’s go over some of the most common business plan formats and walk you through the process of how to choose the right option for your business.