How To Make A Business Plan Sample – Most new businesses that fail do so for one of two reasons: (1) lack of market need and/or (2) no more cash.
Over 70% of new businesses don’t make it because of these two reasons. However, both reasons can often be avoided if the founder takes the time in advance to develop a carefully researched business plan.
How To Make A Business Plan Sample
A simple business plan template provides a proven framework for getting started, helps structure ideas with a brief, and shows potential investors what an organized and professional team looks like—the one that makes this business happen. Can bring the idea to market.
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A business plan is a written document that outlines how the company plans to achieve its primary goals—gaining a certain market share, increasing revenue, or reaching the next round of funding.
Although business plans are used by companies of all stages and sizes, they are beneficial for startups, as they can be the key to obtaining funding.
A business plan template is a customizable document that provides all the important and necessary elements of a great business plan, allowing company leaders to start from a solid and established foundation rather than starting from scratch.
Business plans can quickly become large, cumbersome documents, requiring a significant time investment on the part of the creator. The US Small Business Administration recommends that business plans be between 30 and 50 pages.
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While there is some benefit to spending this time developing a comprehensive business plan, agility is often more important in the startup business world. This is the main reason.
We highly recommend founders use a simple business plan template, especially for the speed and agility they offer.
Creating a business plan takes time and effort, no matter how many times it’s been done. Even a simple, one-page business plan designed for small businesses requires a lot of research.
Every part of the business needs to be analyzed. First, it is important to understand the market conditions and make a step-by-step plan. Then finally, it is important to determine the structure of the plan.
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It’s understandable not to be overly confident in the first (or second or third) business planning process. A proven framework will help everyone – even seasoned veterans – make sure they:
These sample business plan templates serve as a great jumping off point. Use them as inspiration. Note the similarities in the different examples.
A one-page business plan template is perfect for planning your next startup pitch. But of course, supplementing the template with appendices is essential for financial reports such as balance sheets or income statements.
A good practice is to summarize the entire business in one page. This ensures a strong and comprehensive knowledge of every area of operation, giving more confidence to discuss each point with potential investors.
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While Excel doesn’t have all the bells and whistles, it’s still a popular and widely used platform—one that many founders choose to use to create simple business plans. This template
Can be used for any type of business, although it is designed for early stage startups to plan the first few months in business.
See how the template breaks down the total cost into smaller, more detailed items. It is useful to better understand the costs associated with starting a new business. Noting when those expenses are due also helps business owners monitor cash flow.
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The best thing about this template is that instead of providing simple headers for each section, it includes questions and prompts to help guide you to the necessary information.
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A lean business startup is a style of operation that focuses on reducing waste, moving faster, and keeping costs low. This is a popular approach for companies that want to get off the ground quickly and generate revenue without raising significant capital.
This business plan template supports startups based on a lean concept, allowing for a simple, one-page business plan with minimal time investment.
Most free business plan templates come in PDF, Google Docs, or Microsoft Word formats. Unfortunately, while these are popular formats and tools, they are not particularly collaborative.
Customize it to include all the fields necessary for a great business plan, plus any additional fields unique to your business. But the most important benefit of a template is the platform it is built on.
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With, teams collaborate in real time while creating a business plan, add graphs and charts directly from real-time performance reports, and assign tasks and responsibilities to individuals by integrating the plan with other boards. .
WorkOS means creating apps and workflows is easy. Customizing fields and columns is what the company is already doing, not vice versa. For example, once a business plan is created using a simple template, one can manage the marketing plan, assign tasks and deadlines to employees and freelancers, and turn the business plan into reality. Setting up a collaborative board is extremely easy.
Here are a few tips to get the most out of this template and create a business plan that works.
The goal is to get people to read the business plan, right? Using everyday language over complex terminology and corporate jargon is a great place to start. Then, making sure that whoever will carry out the plan will have no problem understanding its meaning.
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The executive summary is a short section that summarizes each aspect of the business plan. So, first, write the complete plan. Then write the executive summary.
Although simple business plans are quick and efficient, they leave out a lot of information by nature. Consider supplementing the plan with appendices such as financial statements, data sets, and market analyses.
Where possible, financial projections should be based on real-life data. But even with the most accurate and up-to-date information, there is always room for interpretation. It is therefore best to provide a range where possible, and if not, be conservative with financial projections.
Invest the initial time and obtain accurate, comprehensive data to support all claims. Interview customers and prospects to get a realistic picture of the target audience. Consider hiring a professional firm to provide a market research report.
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Simple business plans can be as little as one page with a short
write-up. Add information for each of these sections:
A 7-part business plan begins with an executive summary, moves on to describe the company, and ends with financials.
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Free Business Plan Examples To Help Write Your Plan
Any aspiring entrepreneur researching how to start a business will likely be advised to write a business plan. But few resources provide business plan templates and related examples that can really help guide you in writing one of your own.
That’s why we’ve taken some real-world and hypothetical examples of product-based e-commerce businesses to show how you can write your own business plan.
Below, we have some real-world and hypothetical examples of each of these sections to show you how a business plan comes together.
Your executive summary is a page that provides a high-level overview of the rest of your business plan. It’s easiest to save this part for last.
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In our business plan template for Paw Print Post, the executive summary consists of four paragraphs and takes up a little more than half a page:
You can use your company description elsewhere, such as on your About page, social media profile pages, or other features that require a boilerplate description of your business.
Soap brand ORRIS has a blurb on its About page that can easily be repurposed for the company description section of its business plan.
You can also go more in-depth with your company overview and include the following sections, like we did for the Paw Print Post:
Free Simple Business Plan Templates
Your mission statement can also appear here. Passionfruit shares its mission statement on its company website, and it would also work well in its business plan illustration.
Market analysis consists of research on supply and demand, your target market, industry trends, and the competitive landscape. You can run a SWOT analysis and incorporate it into your business plan. Here’s an example SWOT analysis we did for an online tailored shirt business:
You may also want to conduct a competitive analysis as part of your business plan’s market research. This will tell you what you’re up against and give you ideas on how to differentiate your brand. Your competitive analysis might look like this:
This section of your business plan describes your offerings—what products and services do you sell to your customers? Here’s what we wrote for the Paw Print Post:
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It is always a good idea to develop a marketing plan before starting your business. Your marketing plan shows how you will talk about your business, and is an essential part of your business plan.
For the Paw Print post, we focused on the four Ps: Price, Product, Promotion, and Place. However, you can take a different approach with your marketing plan. Maybe you can pull from your existing marketing strategy, or maybe you can break it down through different marketing channels. Whatever approach you take, your marketing plan should be defined.
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