A business plan is a critical written document that details and summarises your company's future. A business strategy is required for all enterprises. The plan should detail your business's strategy and main objectives for progressing from where you are now to where you want to be in the future.

A financial projection, in its simplest form, is an estimate of future income and costs. Typically, the projection takes internal or historical data into consideration and incorporates a forecast of external market aspects. In general, you'll need to create financial estimates for both the short and long future.

Strategic planning is a process through which organisational executives define their future vision as well as their organization's goals and objectives. Additionally, the process include determining the order in which those objectives should be achieved in order for the business to achieve its stated vision.