A: A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. A normal business plan (one that follows the advice of business experts) includes a standard set of elements, as shown below. Plan formats and outlines vary, but generally a plan will include components such as descriptions of the company, product or service, market, forecasts, management team, and financial analysis. This kind of plan is good for deciding whether or not to proceed with a plan, to tell if there is a business worth pursuing, but it is not enough to run a business with. To have a professional business plan written, you may contact Canada Business Plans (CBP). Canada Business Plan is an expert business plan writing service who deals with clients such as you, those who need help with their business plan. To get in touch with Canada Business Plans today, call (866) 682-7594 or fill out the form below to have a professional business plan expert contact you with a free personalized business plan quote.