Although the words are similar to a business plan and a business proposal are different. The purpose for creating a business proposal and business plan varies in its content even though in a majority of websites it is considered as same. The business plan usually consists of the description of a company and the process inside it. However, a business proposal states how a company is going to deal with a business project. While a business plan is written as a presentation style whereas business proposal was written to take an action.
Business Plan
In a business plan, the vision of the company and the methods and process of getting that goal real will be documented. The business plan involves the financial aspects and vision about how the target will be attained. The purpose of the business plan is in providing the investors and suppliers a vision about the business. The main objective of the business plan is to provide information and keep a record of the goals of the business.
Business Proposal
business proposals usually consist of a way to impress a potential client of the future partner. It will be consisting of the questions that may arise during the business. The audience for a business proposal will be limited and the main purpose of the project will be explained in a business proposal. The main reason for creating a business proposal is to make a business opportunity.
