Business plan vs business model
A business plan presents a business’ strategy and expected performance. E.g. predicting where the company will go. A business model is a mechanism that the company can use to generate profit. The business plan maps out the current situation of a business, the future goals and what they need to achieve the goals. The business model is used to achieve and build their value . This includes describing the business, the type of customer, what benefits the business has and how the company can deliver these benefits to the customer.