Business is an activity of conducting all such commercial transactions which covers such various projects which generate revenue and maximises profits.
Business is a larger concept in comparison to a Project.
A project is a work undertaken under a business organisation ranging from manufacturing, trading or service industry of various goods or services.
Traditional business plans can be big beasts of a project that suck time, money and mojo at a vital moment.
Don’t do it unless you know why and what you are trying to achieve with it.
You should have a plan in order to get yourself organized, to ensure you have some type of viable commercial potential, you have focus and hopefully aren’t going to run out of money or starve before you get going.
If that’s all you need, and you don’t plan to raise money, apply for loans and don’t intend on bringing in partners, then you certainly don’t need a 25lb manuscript. In fact, Brian Chesky (found of Airbnb) is famous for his one-page business plan for global domination.
Project Plan is a shorter format of a small business plan aim at implementation of various or specific business objects such as completion of work ,earning super profits, expansions, mergers etc. Project plan being a specific plan aims to achieve specific object.
Business plan is a long term phenomenon and cover all short term projects and other plans. It majorly covers financial and technical plans more.
Like a pitch deck, it it’s good enough it can be sufficient to get lenders and investors to choose to work with you, and work through the details in the process.
The big problem with business plans is that entrepreneurs often get bogged down in them.