Complete the Business Plan Template for a Startup Business to create a working business plan for your startup. It is designed to help you, and others, understand how you plan to generate money and make your business sustainable. Your business plan is not only a necessity when seeking financing for your project, it is a recognized management tool that outlines exactly what your company will do and how it plans to succeed. (or quotes on these), Any other supporting material that may impress potential lenders or investors if you are looking for financing​. If your business is a partnership or requires multiple employees, you may need a more robust business plan. A business plan is a formally written document that embodies the detailed process on how a business will operate to achieve its objectives and the steps that it will take to ensure the growth of the company. If you need further guidance on starting a business, HubSpot's guide can teach you how to make your business legal, choose and register your business name, fund your business, gives information about small business tax, and provides marketing, sales, and service tips. The investment opportunity section is placed right up front and is several pages long. Writing a viable business plan and following it religiously is one of the most important first steps. This is one of my favorite sample business plans, because you can see how implementing visuals can help tell the story of your brand. The Business Plan Financial Template covers the financial overview of your business plan. You can also use this template as a guide while you're gathering important details. The U.S. Small Business Administration (SBA) has one of the best business plan templates available, and it is very thorough — which you would expect from one of the most trusted and respected small business resources. So, you don’t need to create a business plan from start, you can build one basing on a selected PDF template, then utilize a PDF program to customize the business plan for your own purposes. Describe how you will distribute your products to the customer (if applicable). 319 business plan templates and related forms you can edit, customize, and print for free. Definition, Tips, and Templates. Ask any successful sports coach how they win so many games, and they’ll tell you they have a unique plan for every single game they coach. Include square footage estimates with room for expansion if expected. We're committed to your privacy. The last section of the template, “Refining Your Plan,” explains ways you may need to modify your plan for specific purposes, such as getting a bank loan, or for specific industries, such as retail or manufacturing. Give descriptions of major suppliers if needed. This template provides a business plan outline with sample questions, tables, and a working table of contents. Free and premium plans, Content management system software. It can provide a guideline so you’re not stuck looking at a blank page trying to figure out where to start. Describe the need for your products or services. The images in this template are cutting edge, which makes sense for an innovative company like Plum. Detailed market research and analysis of competitors, Copies of mortgage documents, equipment leases, etc. Pros of using a business plan template: A good business plan template can help you get your thoughts organized. The guide also fleshes out an entire sample business plan for you. Depending on your target audience (banks, investors, business plan competition), a business plan can be as simple or complex as you want it. Originally published Aug 7, 2020 3:04:00 PM, updated August 08 2020, 11 Sample Business Plans to Help You Write Your Own, HubSpot's Downloadable Business Plan Template, Harvard Business Review’s “How to Write a Winning Business Plan”, Business Plans That Win: Lessons From the MIT Enterprise Forum, HubSpot’s Complete Guide to Starting a Business, Small Business Administration Free Business Plan Template, 6 Reasons You Really Need to Write A Business Plan, 79 Marketing Tools and Software for Every Business & Budget, What is a Business Plan? Briefly outline your financial projections for the first few years of operation. When you create your own business plan, make sure that the pictures and design you use make sense for your branding. Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logos, business premises or site plans, etc. We created a business plan template for entrepreneurs. Then, you can use a template to guide your process. Business 10 Page-Turning White Paper Examples and Design Tips . Describe managers and their roles, key employee positions, and how each will be compensated. Before you get started on your business plan, you might be wondering, "Where do I start? The executive summary should be no more than two pages long, with brief summaries of other sections of the plan. It is an essential document that layouts an organization’s proposals , financial plan , and business models. About Aditya Sheth. Describe your main product and service offerings. Describe the legal structure of your company (e.g., corporation, partnership. Amidst that rush, the idea of writing a good business plan—much less following a business plan template—often feels time-consuming and intimidating. The executive summary goes near the beginning of the plan but is written last. Describe how you intend to price your product or service. Sample Business Plan for Acme Management Technology 1.0 Executive Summary By focusing on its strengths, its key customers , and the company's underlying core values, Acme Management Technology will increase sales to more than $10 million in three years, while also improving the gross margin on sales and cash management and working capital . Target audience: This section will describe who your customer segments are in detail. If using Windows, outline the text to be selected with the mouse and hit CTRL+C to copy and CTRL+V to paste. Because companies who can find gaps in your business model will quickly learn how to fill those gaps and solve your customers’ problems better than you can. Creating a business plan is a key part of starting any business venture. Key features and benefits: At some point in your business plan, you'll review the key features and benefits of your products and/or services. Enlist your management team, or for … Introduce your company and the management and ownership. A standard business plan consists of a single document divided into several sections including a description of the organization, the market research, competitive analysis, sales strategies, capital and labor requirements, and financial data. Premium plans, Connect your favorite apps to HubSpot. After looking at this sample, you'll have a better understanding of the data and research you need to do for your own business plan. Describe your product or service, how it benefits the customer, and what sets it apart from competitor offerings (i.e., what is your. Include the cost and whether it will be leased or purchased and the sources. Executive Summary Enterprise Description; Product or Service Description; Industry Analysis; Competition Analysis; Swot Analys is; Marketing Sub-Plan; Operations Sub-Plan; Human Resources Sub-Plan; The Budget; Liquidity; Financial Sub-Plan Download a free, editable one-page business plan template. Sell your business story with the help of this business plan template. @BigRedDawg16. You may unsubscribe from these communications at any time. Business plans provide opportunities to raise money for your business and helps you communicate with potential stakeholders. And if your business plan is compelling enough, it can also convince investors to give you funding. Each section of the template can be copied into a Word, Excel or similar office document by selecting the text and using copy/paste. Strong game plans help coaches win games and help businesses rocket to the top of their industries. So if you dedicate the time and effort required to write a viable and convincing business plan, you’ll boost your chances of success and even dominance in your market. The business plan should tell a compelling story about your business, explaining who, what, when, where, how and why. 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 looks. A corporate business plan for a large organization can be hundreds of pages long. Below, let's review the format of a business plan and sample business plans you can use to inspire your own. Do this on a monthly basis for at least the first year for a startup business. Aditya Sheth is a Content Marketer at Venngage. If you're looking for a tool to walk you through writing your own business plan step-by-step, we recommend LivePlan, especially if you're seeking a bank loan or outside investment and need to use an SBA-approved format. She has run an IT consulting firm and designed and presented courses on how to promote small businesses. Pricing and revenue: This is where you'll discuss your cost structure and various revenue streams. The simple business plan template presented here will get you started. Similarly, a one-page plan will not be sufficient if you are in need of debt or equity financing and wish to impress financial institutions or potential investors. What is the demographic and psychographic information of your audience? A business plan, like any other plan, that contains a description of what that plan is about, how to go about executing that plan, and back up or emergency plans in case all hell breaks loose. HubSpot uses the information you provide to us to contact you about our relevant content, products, and services. Will you be selling wholesale or retail? Your plan should be focused and clear. Fortunately, with HubSpot's comprehensive guide to starting a business, you'll learn how to map out all the details of your business by understanding what to include in your business plan and why it’s important to include them. There is some disambiguation about what a business plan is, when is it needed and how long should it be, but we'll try to clarify some of these questions in this article. To do this, you will need to create projected income statements, cash flow statements, and balance sheets. The business plan linked above was created here at HubSpot, and is perfect for businesses of any size -- no matter how much strategy they still have to develop. With this business plan, the focus is the investment opportunity. For manufacturing, explain how long it takes to produce a unit and when you'll be able to start producing your product or service. You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place. It’s also the doorway to your plan—after looking over your executive summary, your target reader is either going to throw your business plan away or keep reading, so you’d better get it just right. Potential money lenders and investors want solid research and analysis, not long, wordy descriptions. One of the more financially oriented sample business plans in this list, BPlan’s free business plan template dedicates many of its pages to your business’ financial plan and financial statements. But how do you actually write a viable and convincing business plan? How will the product(s) be shipped? Business plans guide you along the rocky journey of growing a company. 2. There is still going to be a lot of work involved. Depending on the business model and a type of business plan, you … Panda Doc’s free business plan template is one of the more detailed and fleshed out sample business plans on this list. For a new business, these are forecasts. List any external professional resources required, such as. With the guidance of Stanley Rich and Richard Gumpert, co-authors of Business Plans That Win: Lessons From the MIT Enterprise Forum, you'll learn how to write a convincing business plan that emphasizes the market demand for your product or service and the financial benefits investors can reap from putting money into your venture, rather than trying to sell them on how great your product or service is. It’s just a page or two that highlights the points you’ve made elsewhere in your business plan. What methods will be used for payment? If you need guidance, a Business Plan Example of the Industry Overview will prove useful. If you’re an entrepreneur, you know writing a business plan is one of the most challenging first steps to starting a business. See all integrations. Describe your business and how it fits into the industry. What type of packaging will be required? Business plan templates offer step-by-step instructions and prefabricated slides for your executive summary, company overview, financial plan, and more. 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 list below covers a wide range of businesses. The same logic applies to business. However, if you’re new to business planning and just want to get a sense of what a plan looks like and want to get the process started quickly and cheaply, then downloading a free template is the best way to get started. In other words the business plan format helps you to clarify your own ideas and present them clearly to others. The business world moves fast, and it’s full of ambitious companies scrambling to gain the majority of their industry’s market share. Estimate the overall size of the market and the units of your product or service the target market might buy, potential repeat purchase volume, and how the market might be affected by economic or demographic changes. In this section, you need to demonstrate that you have thoroughly analyzed the target market and that there is enough demand for your product or service to make your business viable. Include trends and demographics, and economic, cultural, and governmental influences. Summarize the problem you are solving for customers, your solution, the target market, the founding team, and financial forecast highlights. It contains the company overview, revenues, and expenses. Explain what you have done to date in terms of identifying possible locations, sources of equipment. Where is the gap in the current industry and how will your product fill that gap? Referencing one throughout your voyage will keep you on the path toward success. Editor's note: This post was originally published in November 2018 and has been updated for comprehensiveness. Susan Ward wrote about small businesses for The Balance Small Business for 18 years. Include factors that may affect the time frame of production and how you'll deal with potential problems such as rush orders. It is important for demonstrating that you can manage your. Typically, a business plan is a document that will detail how a company will achieve its goals. How to Transform Your Small Business into a Big Business, Section 3: Market Analysis and Competition, Here's What Your Coffee Shop Business Plan Should Look Like, The Sections a Winning Business Plan Has to Have, One-Page Business Plan Templates for Entrepreneurs, Writing an Operations Plan for Your Business, Business Plan Essentials: Writing a Cash Flow Projection, How to Prepare an Investor-Ready Business Plan, Business Plan Tips: How to Write a Winning Executive Summary, Get Tips on Writing a Comprehensive Outline for Your Business Plan, 5 Easy Steps to Creating a Break-Even Analysis, 6 Key Small Business Financial Statements for Startup Financing, Guide to Starting a Successful Charitable Nonprofit, The Balance Small Business is part of the, Business Plan Example of the Industry Overview, How to Write the Competitor Analysis Section of the Business Plan, Retail Pricing Strategies to Increase Profitability. Keep in mind, that each of these sections will be formatted differently. Stay up to date with the latest marketing, sales, and service tips and news. It covers objectives, strategies, sales, marketing and financial forecasts. This section describes the legal structure, ownership, and (if applicable) the management, and staffing requirements of your business. After filling this business plan out, your company will truly understand its financial health and the steps you need to take to maintain or improve it. It was created for newer versions of Word and Excel (Office 2007 or later) so that you can easily change the fonts and color scheme and the file will be compatible with the … The easiest way to simplify the work of writing a business plan is to start with a business plan template.. You’re already investing time and energy in planning one of your small business ideas—there’s no need to reinvent the wheel when it comes to formatting your plan. The business plan template below is broken into sections as described in the table of contents. Outline expected staffing needs and the main duties of staff members, especially the key employees. Now that we have the rules of writing a business plan out of the way, let’s dive into the elements that you’ll include in it.The rest of this article will delve into the specifics of what you should include in your business plan, what you should skip, the critical financial projections, and links to additional resources that can help jump-start your plan.Remember, your business plan is a tool to help you build a better business, not just a homework assignment. 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. Choose from 500+ free sample business plans in a wide variety of industries. Some may be in paragraph format, while others will be in charts. The target market description and competitive analysis portions can be two separate sections in the plan or combined as shown: A description of how you intend to entice customers to buy your product(s) or service(s), including advertising/promotion, pricing strategy, sales and distribution, and post-sales support if applicable. They created a fictional company called Acme Management Technology and wrote an entire business plan for them. Marketing strategy: Here, you'll discuss how you'll acquire new customers with your marketing strategy. Culina's sample business plan is a great template to use if you just want to fill in your information. 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 one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, supply chains, specialized equipment, and multiple employees, the operating plan needs to be very detailed. A business plan is a written document that describes your business. Learn how to write a business plan quickly and efficiently with a business plan template. The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground. Executive summary: This section will include an overview of the company, your unique value proposition, and a team overview. A good rule of thumb is to underestimate revenues and overestimate expenses. When you're first getting starting on your business plan, it can be daunting. 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