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Michigan State University

Entrepreneurship and Small Business

Business Plans

A business plan is a document that companies and prospective companies create to project how they will create and grow their business in the upcoming 3 to 5 years. 

Business Financials

Business Model Canvas

Business Models are now being used by many people instead of Business Plans. Instead of trying to project years down the road, Business Models emphasize Product-Market fit and adjusting to changing circumstances. 

A popular tool for creating business models is the business model canvas:

Michigan State University