Business Plan -
A business plan is what you'll ultimately use to show people what your business is already and what it could be capable of and what you have in store for the business through thorough planning of things like sales, resources, staff and management, marketing and finances, all accompanied by an executive summary as well as an overview of your business and where it lies in the market. This plan will be constantly changing and provides the main structure of your organisation.
Business Model -
A business model is the foundation which the business plan lies on and explains in detail how the company makes its profit while providing a valued service to its customers. It details the companies professional and customer relationships, its partners and activities, the key resources the company uses as well as the overall cost and revenue structures.
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