A business plan is a critical written document that describes and summarises your company's future. Every business should have a business plan. The plan should include the strategy and major objectives for bringing your business from where it is now to where it wants to be in the future.

A financial projection, in its most basic form, is an estimate of future revenue and costs. In most circumstances, the prediction takes into account both internal or historical data and a forecast of external market conditions. In general, financial estimates for the near and far future will be required.

Strategic planning allows organisational executives to establish their future vision as well as their organization's goals and objectives. In order for the company to achieve its stated goal, the process must also define the order in which those objectives must be met.