May 9, 2012. The 3 Key Elements of a Business Plan. Small business owners need to make sure these components of their business plan are airtight to raise money and avoid crises. Originally Answered What are the parts of a business plan? Form follows function. Business plans are many different things, depending on the situation and use. A lean business plan used to run a business ought to cover strategy, tactics, specific steps, and essential business numbers. Strategy and tactics are minimalist. Jun 23, 2014. For everything in life, you need a plan, right? The same can be said for business. Every business, whether a startup or a full-fledged, profitable organization, needs a business plan. To know where you are going, you have to know where you came from and what came before you. Here are the key elements.
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