I believe that a business plan should be built on 6 element. These 6 elements are company culture, structure, strategy, skills, systems and finally a budget.

It starts off with the company culture. This is what the company believes in and the values it is based on. It helps to make decisions on what is the next step the business should make. Following the company’s culture is the structure, or in other words how the company divides work. They let each other know what departments the company should have and are built off each other.

Next are the strategies, skills and system. Strategies are the approaches that a company takes in order to complete tasks, while  Skills are the capabilities the company has both inside and outside of the company. Different from bot of them but definitely intertwined is systems in the process and the procedure that are involved in completing a task.

Most important that is involved in ever element of the business plan is the budget or in other words the amount that is meant to be spent on everything in the business plan that make it work. If one thing is off everything is off and that is how I believe a company can fail.