Business plans are a formal form to write down the structure and area of your business. This is considered the foundation of the business upon which an entrepreneur builds an enterprise. Depending on the industry, innovation is an important part of the business structure. Adjusting the business plan according to research done within the business field is important as an entrepreneur. A business plan has two forms, business description plan or business model canvass. The objective for the research was to determine which business plan structure was best suited for a business in solar panels and battery storage.
The business description plan and business model canvass are elaborated on and it is explained what content should be included in every chapter for the business plans. These are considered for the business based upon their structure and what is most useful for the entrepreneur.
These are both perfectly fine business plans structures to follow and the conclusion is purely based upon the author’s preference. The business plan structures are considered and the business model canvas prevails for creating a business in solar panels and battery storage. As a result of the findings, a business plan is created and ready to be used for a startup company within the previously stated area. This business plan services as a template that other people could use as an example and structure their business plan accordingly.