With a strategic plan, existing resources are prioritized to increase revenue and return on investment.
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This plan was compiled using the free Online Strategic Planner.
A strategic plan is a strategy that’s devised to achieve overall goals set by a business, accounting for resources, market restrictions, stakeholder demands and more.
A strategic plan sets its sights on the future, where the business wants to be, not where it currently is.
A strategic plan is a type of business plan, but there are distinctions between the two.
Whereas a strategic plan is for implementing and managing the strategic direction of a business, a business plan is more often the document that starts a business.
It will have annualized sales of $xxx and be profitable.
Any Biz's offerings will be technically advanced and offer many clear-cut advantages and improvements over competitors' possible offerings.
For further information on many aspects of preparing a strategic plan, review the white papers on Getting Business Ideas (if a startup), Devising Business Strategies and Preparing a Strategic Plan.
If a strategic plan is being prepared as part of a comprehensive business plan, see also How to Write a Business Plan and Free-Plan.
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