Think you have a great idea for a business? That best way to find business plan template is to do your research and write a business plan to see if your idea is feasible. The simple business plan template presented here will get you started on preparing a plan for your new enterprise.
Pros of using a business plan template. A good business plan template can help you get your thoughts organized. It can provide a guideline so you’re not stuck looking at a blank page trying to figure out where to start. Plus, it can show you the general layout of a standard business plan. A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like. Cons of using a business plan template. While there are benefits to using a business plan template, depending on your situation it may not be the best way to complete your plan.
There is still going to be a lot of work involved—for instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself. You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place. So, if you don’t already know what you’re doing with the numbers, the process of writing your business plan may not be that much easier with a template. Finally, merging data from Excel spreadsheets into your Word document is harder than it looks. It’s not easy to keep everything completely up-to-date as you make changes to your numbers, and integrating the right charts and graphs into your business plan is harder than it seems.
Do I Need a Simple or Detailed Plan? A corporate business plan for a large organization can be hundreds of pages long. However, for a small business, it’s best to keep the plan short and concise, especially if you intend to submit it to bankers or investors. For a detailed description of each section of the plan, you’ll want to refer to the Guide to Writing a Business Plan Step By Step.
If you already have a business logo you can add it at the top or bottom of the title page. Section 1: Executive Summary The executive summary goes near the beginning of the plan but is written last. It provides a short, concise, and optimistic overview of your business that captures the reader’s attention and creates a need to learn more. The executive summary should be no more than 2 pages long, with brief summaries of other sections of the plan. Describe your mission—what is the need for your new business? Introduce your company and the management and ownership.