Free Business Plan Template for Small Businesses
Business planning can feel complicated. it doesn't have to be. start putting pen to paper today with your free business plan template download..
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Why you need a business plan template
Writing a business plan can seem like a big task, especially if you’re starting a business for the first time and don’t have a financial background. After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago.
But using a free business plan template will help you:
- Develop a strategy for success
- Reduce the risk of starting a business
- Explore new business ideas
- Attract investors and get funding
Learn more about how you can get value out of your business plan and click the link above to download your free template.
What is included in this free business plan template?
This downloadable business plan template includes definitions, guidance, and examples for every business plan component needed to start, fund, and grow your business. Here are the sections covered in this download .
Executive summary
The brief summary of your business plan introduces everyone to your business, the problem you solve, and what you’re asking from your readers. It’s the first chapter of your business plan and the last thing you write once you have the details from your full plan.
- Company Purpose / Mission Statement : Briefly describe the business purpose or mission.
- Problem We Solve : Summarize the market need or problem addressed.
- Our Solution : Describe the product or service offered.
- Target Market : Identify the primary customer base.
- Team : Outline key team members.
- Financial Summary : Provide a brief overview of financial goals.
- Traction : Highlight initial sales or milestones.
- Funding Needed : Specify capital requirements if seeking funding.
Problem & solution
More than a simple description of your products and services – here you define the problem you’re solving and the value you provide. It’s also your chance to showcase any initial traction that shows you’re on the right track.
- Problem Worth Solving : Detailed description of the customer problem.
- Our Solution : Detailed description of the product or service.
- Traction : Evidence of market interest, such as sales or contracts.
- Intellectual Property/Patents : Outline any relevant IP or patents.
- Regulatory Requirements : Details on necessary government approvals.
- Future Products and Services : Potential future offerings.
Market analysis and target market
A detailed assessment of the market you intend to enter, including the size and value of the market, potential customer segments, and their buying patterns.
- Market Size & Segments : Define the size and characteristics of your target market.
- Market Trends : Consumer behavior and financial trends.
- Market Growth : Potential market size changes.
- Industry Analysis : Describe industry changes or trends.
- Key Customers : Identify any major customers.
- Future Markets : Potential market opportunities and strategy.
Competition
Show that you know who your competitors are, what advantages you have, and how you’re positioning your business to be competitive.
- Current Alternatives : Identify competitors in the market.
- Our Advantages : Describe strategic advantages over competitors.
- * Barriers to Entry (Optional): Discuss any barriers preventing new competition.
Marketing & sales
Describe how you’ll reach and sell to potential customers with a detailed sales plan and chosen marketing channels.
- Market Positioning : Define where your product or service fits in the market.
- Marketing Plan : Outline the strategy for reaching your target market.
- Sales Plan : Explain the sales strategy.
- Unique Value Proposition : What makes your offering unique.
- Pricing Strategy : Pricing compared to market alternatives.
- Distribution : How your product/service will reach customers.
- SWOT Analysis : Strengths, weaknesses, opportunities, and threats.
What makes your business run? Outline the day-to-day workflows and what needs to be set up for your business to deliver a product or service.
- Location & Facilities : Describe physical locations and facilities.
- Technology : Key technology crucial for the business.
- Equipment & Tools : Special equipment or tools required.
- Sourcing and Fulfillment : Description of sourcing and supply chain.
- Partners and Resources : Key partners and their contributions.
Milestones & metrics
Set goals for your business that include the dates and people responsible for accomplishing them. This is what you’ll use to manage responsibilities, track growth, and execute your larger strategy.
- Milestones : Specific goals and objectives with a timeline.
- Key Metrics : Performance indicators to gauge business health.
Company overview and team
Provide a brief rundown of the legal and structural components of your company, including your history, current team, and gaps you need to fill.
- Organizational Structure : Overview of the legal structure.
- Company History and Ownership : Brief history and ownership details.
- Management Team : Key team members and their qualifications.
- Management Team Gaps : Key positions needed for success.
Financial plan
Create well-structured and accurate financial statements to help you pitch to investors, land funding, and achieve long-term success. All without the help of a financial advisor or a degree in accounting.
- Projected Profit and Loss : Expected revenue, costs, and profitability.
- Projected Cash Flow : Cash inflows, outflows, and overall position.
- Projected Balance Sheet : Expected assets, liabilities, and equity balances.
- Use of Funds : Allocation of funds if raising capital.
- Exit Strategy : Plan for eventual business exit.
While not required, this last section of your business plan is a great place to drop in additional documents that support and strengthen the rest of your plan.
How do you write a simple business plan?
If you’re exploring a business idea and don’t plan to pursue funding, then you actually don’t need to write a traditional business plan. Instead, opt for a one-page plan , which is far easier to create but just as effective.
To write a simple one-page business plan, follow the same core sections as a traditional plan. But instead of lengthy paragraphs and multiple pages covering each area of your business, stick with single sentences and bulleted lists.
If a one-page plan sounds like a better option, download our free simple one-page business plan template to get started.
Start your business plan today
Whether you're writing a business plan to validate your business idea, secure funding, or grow your existing business – our free business planning template will help you achieve your goals.
Business plan template FAQ
What file formats are available for this business plan template?
Our business plan template can be downloaded in a number of common file formats including Google Docs, Microsoft Word (doc.x), or as a free business plan PDF .
Can you print out this template for a business plan?
This is a printable template—no matter if you download it as a pdf or word document, or access via Google Docs. The business plan template is pre-formatted and structured to fit lender and investor standards, but can be edited and adjusted to suite your needs before printing. Just be aware that any changes may unintentionally break the template, so make sure to review before printing.
Why should I start with a business plan template?
You should start with a good business plan template (like this one) to avoid having to make guesses about what to include in your business plan and how to structure the document. This template helps you organize your thoughts, and provides guidance, instructions, and examples to create an investor-ready and SBA-approved business plan format. It really speeds up the planning process. Oh, and it's 100% free!
Can I write a business plan myself?
You can absolutely write a business plan by yourself. Millions of entrepreneurs have been in your exact situation and have been able to write complete, detailed, and useful business plans. By using a template, you can speed up the writing process, avoid costly mistakes, and write your business plan without having to pay for additional support.
What are the steps to write a business plan?
The steps to write a business plan include:
- Defining the opportunity: Explain the problem your business solves, the solution you offer, your target market, and the competitive landscape.
- Describing how you'll execute: Outline your marketing and sales strategies, operational plan, milestones, and success metrics.
- Adding company details: Provide information about your business structure, ownership, and team.
- Creating a financial plan and forecasts: Include detailed financial statements, forecasts, and funding requirements.
- Adding supplementary info to your appendix: Add any additional information, such as resumes, permits, and other relevant documents.
- Summarizing your plan: While it may be first, do your executive summary last. In it, you'll briefly summarize your business, highlighting key points such as mission, product/service, and basic financial information.
For additional information, check out our full step-by-step guide to write a business plan .
How many hours does it take to write a business plan?
It can take as little as 30-minutes to write a fully functioning business plan. However, if you need to create a more detailed business plan it can take multiple hours to actually write the full document. To save yourself time, be sure to pick an appropriate plan type for your intended use case. Additionally, do any necessary research and collect your notes and other documentation beforehand so that you can focus all your effort on writing your business plan.
How can I write a simple business plan?
To write a simple business plan it's best to use a one-page business plan format. A one-page business plan includes all of the same components as a more detailed business plan but is designed to fit on a single page—making it more useful as an internal planning tool. If you still want to use a traditional business plan template, just focus on using bulleted lists and short sentences while writing to create a simpler business plan.
Is writing a business plan easy?
Writing a business plan can be easy if you use the right tools, understand your business, and come in prepared to write your business plan. Using a template can make writing a business plan easier. Additionally, if you focus on just getting your information down quickly, with the expectation that you'll revisit and revise your plan, you can speed up and simplify the process .
Can someone else write my business plan for me?
Yes, you can hire a professional business plan writer to write your business plan for you. Working with a professional can be especially useful if you're still struggling to write your business plan even when using a template for your business plan. Just be prepared to talk about your business, provide the appropriate details, and review the finished plan to be sure it actually reflects your business. If you need help vetting professional business plan writers, check out our free resource to help you ask just the right questions of potential plan writers.
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- 14 Professional Business Plan Samples [Downloadable pdf]
Looking for business plan examples for inspiration? Download or view 14 business plans examples/samples, vetted by our MBA business plan writers. Download in PDF format or read like a book. These real business plan samples would help in writing your own business plan.
- View Real Business Plan Examples/Samples
As an entrepreneur, effectively pitching your idea to attract investors and secure funding can be a challenge. Moreover, when launching a business, creating a comprehensive business plan is paramount.
To aid you in these crucial tasks, we offer a collection of real-world and sample business plan examples across diverse industries. A well-structured business plan is indispensable in the fast-paced entrepreneurial landscape, as it delineates your goals, strategies, and financial projections, providing a clear roadmap for your venture.
Our aim is to facilitate the creation of an effective business plan by integrating real-life examples to elucidate the key elements involved. Below, you’ll find a range of 14 detailed business plan examples available for download and use.
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Important Sections to Include in Business Plan
Practical business plan examples illustrating strategies for startup success, 1. e-commerce plan sample or example, 2. online marketplace business plan example or sample, 3. snack bar business plan sample / business plan example, 4. coffee shop business plan sample/business plan example pdf, 5. food hall business plan sample/business plan example pdf, 6. printing shop business plan sample/business plan example plan, 7. acquisition business plan sample/ example pdf, 8. l-1 visa business plan example with sample pdf, 9. e-2 visa business plan sample/ example pdf, 10. eb-5 business plan sample/ example pdf, 11. investor business plan sample/ example pdf, 12. nonprofit business plan sample/ example pdf, 13. bank business plan sample/ example pdf, 14. cannabis business plan sample/ example pdf, detailed overview of key components of a business plan, 1. executive summary, tips for writing executive summary, 2. company overview or description, tips for writing company description, 3. market analysis, tips for writing market analysis, 4. product and services, tips for writing product and services, 5. marketing and sales plan, tips for writing marketing and sales plan, 6. operation planning, tips for writing operational planning, 7. organization and management, tips for writing organization and management summary, 8. financial plan, tips for writing financial plan, 9. key external drivers, tips for writing key external drivers, 10. startup summary, tips for writing startup summary, 11. projected industry growth, tips for writing projected industry growth, 12. break-even analysis, tips for writing break-even analysis, 13. management summary, tips for writing management summary, 14. financial indicators, tips for writing financial indicators, discover business plan formats and free templates, business plan examples for students pdf, common types of business plan, 1. one page business plan, 2. start-up business plan, 3. strategic business plan, 4. feasibility business plan, 5. internal business plan, conclusion, frequently asked questions, download pack of 14 business plan examples, are you looking for top business plan writer.
To create a robust business plan, ensure inclusion of the following key sections:
- Executive Summary: A brief snapshot of your business and the key highlights of your business plan. Read more
- Product and Services: An elaborate description of the offerings you will provide to your customers. Read more
- Marketing and Sales Plan: A strategic roadmap outlining how you intend to promote and market your business before, during, and after its launch. Read more
- Operating Planning: An explanation of the systems, processes, and tools necessary to efficiently run your business behind the scenes. Read more
- Organization and Management: Organization and management in a business plan outline the structure and leadership of the company. Read more
- Financial Plan: A comprehensive plan mapping out your short-term and long-term financial goals and the associated costs of running your business. If you require funding, this section is where you can outline your request and financial needs. Read more
- Key External Drivers: External drivers encompass factors like outsourcing, economic changes, industry competition, and business legislation complexity. Read more
- Startup Summary: The startup summary offers a comprehensive financial overview of , detailing expenses, asset value, and total requirements, crucial for transparency with entrepreneurs and investors. Read more
- Projected Industry Growth : Projected industry growth forecasts the sector’s expansion, offering a 10-year perspective and average annual growth rate, providing clarity to investors. Read more
- Break-even analysis: The break-even analysis visually presents key metrics and a 12-month revenue forecast to help stakeholders grasp the point where the business covers costs and starts generating profit . Read more
- Management Summary: The management summary provides a concise overview of organizational structure, key personnel, their roles, and financial commitments, ensuring stakeholders understand the business’s operational strength and leadership capability. Read more
- Financial Indicators: The financial indicators section evaluates organizational fiscal health, focusing on year-over-year profitability metrics, leverage ratios, liquidity ratios, and additional metrics, providing a comprehensive understanding of the business’s financial performance and efficiency in revenue generation from equity investments. Read more
Something Borrowed Something New is a burgeoning e-commerce enterprise specializing in wedding accessories and personalized gifts. Operating on a drop-shipping model, this business has the capability to make a significant impact in the market.
Moreover, leveraging social networking and blogging can be instrumental in generating awareness and capturing interest, thereby creating a robust online marketing strategy for Something Old and Something New.
To enhance their business operations, they are contemplating the integration of a WhatsApp CRM system. This initiative aims to optimize communication with potential customers, ensuring prompt responses to inquiries and fostering a seamless interaction process.
EPlace Solutions will be an innovative online marketplace business portal offering a variety of products to consumers throughout the globe. Founded by Mr. John Jones, a seasoned business visionary with an eye toward profit and achievement, the organization is set to enter the market in 2023.
Online shopping is at an all-time high with new consumer mindsets calling for them to shop for the types of deals and bargains that will be so much a part of the online marketplace business model.
There is an increasing demand for snack-type fast food to be consumed while window shopping and walking around inside a shopping mall.
Do you plan to start a snack bar business? Then here’s a complete snack bar startup business plan template and feasibility report you can use FREE of charge. It sounds easy to open a snack bar, but in reality, you need well-planned strategies to ensure that your business stands the test of time.
Our snack bar business plan sample includes a detailed description of the products and services offered, as well as a market a nalysis and competitive analysis.
It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable snack bar business by creating a unique menu and offering healthy, high-quality snac ks that meet custome r demand.
Your snack shop business plan can look as polished and professional as the sample plan. It’s fun and easy, with Wise Business Plan. Let’s review the snack shop business plan sample and adjust them according to your audience for the best results.
A coffee shop business plan is a document that outlines what your business idea is and how it will be implemented. Its purpose is to answer questions such as what it costs to start a coffee shop, how these costs will be financed, and how much money you can expect to earn from your cafe.
Are you looking for the right business plan for your cafe? Let’s review the Coffee shop business plan sample to find out how cloud-based software can make your day-to-day work more efficient.
Our coffee shop business plan sample includes a detailed description of the products and services offered, as well as a market analysis and competitive analysis.
It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable coffee shop business by creating a unique brand and offering high-quality products a nd customer service.
In the food industry, there is fierce competition. To ensure success, you need to hit the ground running with the right pitch. Our food house business plan is the ideal solution with an attractive design highlighting key information and conveying the right message.
This food business plan example features food images intended to tantalize the taste buds. It captures the theme perfectly and will convey the ultimate message to investors, clients and customers.
It is important to remember that the business plan template can be customized to meet your company’s specific needs and requirements. It will help showcase your business as a leader in the modern industry.
This food business plan template provides key slides to showcase everything from finances to marketing and key competitors. If you prefer, you can alter the content displayed to meet your specific needs, but this is a good starting point.
Ultimately, this food house business plan will be suitable for any business operating in the food industry and keen to get interested from key individuals. It will ensure that you can build up the rep of your company.
We provide a one-of-a-kind sales pitch deck designed to appeal to your prospective audience, as well as a custom presentation tailored to their information requirements.
When establishing a think tank, you will need to develop a business plan and document it properly. As a mass think tank, you need a special strategy to legalize the think tank as a non-profit organization and to raise funds for your project successfully.
Copy and print businesses offer a variety of services to both businesses and consumers. A copy and print shop can handle everything from single-page printing to large-volume jobs using several types of media.
Our printing shop business plan sample includes a detailed description of the products and services offered, as well as a market analysis and competitive analysis. It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable printing shop business by offering high-quality, customized printing services with a focus on customer s ervice and efficient operations.
Let’s take a look at Printing and Photocopy Business Plan Sample that you can use to inspire your own and easily create one.
The acquisition business plan sample is intended for businesses seeking to acquire another company or merge with a competitor. This plan includes an analysis of the target company, a valuation, and a strategy for integrating the acquired business into the existing operations. We like this sample plan because it provides a clear roadmap for the acquisition process and demonstrates the potential benefits of the deal.
At Wisebusinessplans, we understand that obtaining an L1 visa for an executive or manager requires a thorough and compelling business plan.
Our L1 business plan sample includes all the necessary components to satisfy USCIS requirements and demonstrate your qualifications and your company’s viability in the US market.
The L1 business plan sample is a comprehensive plan for a new business seeking L1 visa approval for an executive or manager. This plan focuses on demonstrating the applicant’s qualifications and the company’s viability in the US market.
We like this sample plan because it is specific to the L1 visa process and includes all the necessary components to satisfy USCIS requirements.
If you’re an entrepreneur seeking E-2 visa approval, Wise Business Plans can help you create a persuasive business plan.
Our E-2 business plan sample outlines your investment, business operations, and financial projections, providing a clear and compelling case for your ability to successfully run a business and make a significant economic impact.
The E-2 business plan sample is designed for entrepreneurs seeking E-2 visa approval, which allows individuals to invest in and manage a business in the United States. This plan outlines the applicant’s investment, business operations, and financial projections. We like this sample plan because it provides a clear and compelling case for the applicant’s ability to successfully run a business and make a significant economic impact.
If you’re looking to obtain an EB-5 visa by investing in a new commercial enterprise in the United States, Wise Business Plans can help you create a compelling business plan.
Our EB-5 business plan sample includes a description of your business, a market analysis, and financial projections, providing a detailed and persuasive case for the potential success of your venture.
The EB-5 business plan sample is designed for individuals seeking to obtain an EB-5 visa by investing in a new commercial enterprise in the United States. This plan includes a description of the business, a market analysis, and financial projections. We like this sample plan because it provides a detailed and persuasive case for the potential success of the business, which is crucial for obtaining EB-5 visa approval.
If you’re seeking investment from angel investors, venture capitalists, or other private equity firms, Wise Business Plans can help you create a compelling pitch.
Our investor business plan sample includes a pitch deck, financial projections, and a detailed analysis of the market the potential return on investment and the scalability of your business.
The investor business plan sample is intended for businesses seeking to attract investment from angel investors, venture capitalists, or other private equity firms. This plan includes a pitch deck, financial projections, and a detailed analysis of the market opportunity. We like this sample plan because it emphasizes the potential return on investment and the scalability of the business.
At Wisebusinessplans, we’re committed to helping non-profit organizations achieve their social impact goals.
Our non-profit business plan sample includes a mission statement, programs and services, marketing and outreach strategies, and a financial analysis, providing a clear roadmap for establishing or expanding your organization.
The non-profit business plan sample is designed for organizations seeking to establish or expand a non-profit entity. This plan includes a mission statement, programs and services, marketing and outreach strategies, and a financial analysis. We like this sample plan because it demonstrates a strong commitment to social impact and outlines a clear strategy for achieving the organization’s goals.
Whether you’re seeking financing from a bank or other financial institution, Wise Business Plans can help you create a detailed and persuasive business plan.
Our bank business plan sample includes a thorough financial analysis, market research, and a strategy for achieving profitability, highlighting the key factors that banks consider when evaluating loan applications.
The bank business plan sample is tailored for businesses seeking financing from a bank or other financial institution. This plan includes a detailed financial analysis, market research, and a strategy for achieving profitability. We like this sample plan because it highlights the key factors that banks consider when evaluating loan applications, and provides a strong case for the borrower’s ability to repay the loan.
The cannabis industry is rapidly growing, and Wise Business Plans can help you enter it with confidence.
Our cannabis business plan sample includes a market analysis, operational strategy, and regulatory compliance a comprehensive overview of the unique challenges and opportunities in the industry and offering a clear roadmap for success.
The cannabis business plan sample is tailored for entrepreneurs seeking to enter the rapidly growing cannabis industry. This plan includes a market analysis, operational strategy, and regulatory compliance plan. We like this sample plan because it provides a comprehensive overview of the unique challenges and opportunities in the cannabis industry, and offers a clear roadmap for success.
The executive summary is a concise overview of your business plan, highlighting the key points of each section. It should capture the essence of your business, its mission, and the purpose of the business plan. This section should be written last, but it’s placed at the beginning of the business plan. Here is an example executive summary from our professional business plan written for Eplace Solution , an innovative e-commerce portal.
- Keep it brief and focused on key points.
- Clearly define the problem and your solution.
- Highlight market opportunities and growth potential.
- Showcase your team’s qualifications.
- Include financial projections.
- End with a clear call to action.
- Tailor it to your audience.
- Review and update regularly.
In this section, provide a detailed description of your company, including its history, legal structure, location, and vision. Explain your mission statement and core values that guide your business decisions. Use real-life examples of successful companies and how their strong company descriptions have contributed to their growth. In addition, you can reuse your company description on your About page, Instagram page, or other properties that ask for a boilerplate description of your business.
This section also allows you to describe how you register your business . Here you must choose whether your business is a corporation, sole proprietorship, LLC , or another type of business .
- Describe your company’s mission and vision.
- Explain what your business does and the problems it solves.
- Mention your target market and customer base.
- Highlight your unique selling points.
- Provide a brief history and background.
A market analysis analyzes how you are positioned in the market, who your target customers are, what your product or service will offer them, and industry trends. It might be useful to do a SWOT analysis to discover your strengths and weaknesses to identify market gaps that you may be able to exploit to build your business.
As part of your market research, you’ll also need to perform a competitive analysis. It will give you an idea of who your competition is and how to differentiate your brand. Here’s an example of a competitive analysis we did for a food business.
- Research and understand your industry thoroughly.
- Identify market trends and growth opportunities.
- Analyze your competitors and their strengths and weaknesses.
- Define your target audience and their needs.
- Include data and statistics to support your analysis.
Adding products and services to a business plan involves more than listing your company’s offerings. If you intend to gain funding or partner with another business, your products, and services section needs to demonstrate your company’s quality, value, and benefits.
Here’s an example of a product and service section in the business plan we wrote for an e-commerce business that offers wedding accessories.
- Clearly describe your offerings and their features.
- Explain how your products/services address customer needs.
- Highlight any unique qualities or advantages.
- Discuss your pricing strategy.
- Mention any future product/service development plans.
Here is example of services section of a bank.
It is always a good idea to have a marketing plan before launching your business. A potential investor will want to know how you will advertise your business. Therefore, you should create a marketing plan that explains your planned promotion and customer acquisition strategies.
Discuss how you will make a sale. How will you attract customers and maximize their lifetime value? Ensure your marketing and sales forecasts align with your financial forecasts Marketing plans are usually based on the four Ps : product, price, place, and promotion. Breaking it down by marketing channels makes it easier. Discuss how you intend to market your business via blogs, email, social media, and word-of-mouth.
Here is an example of marketing strategies we develop for a restaurant business.
- Define your marketing goals and objectives.
- Outline your marketing strategies, including channels and tactics.
- Explain your sales strategy and target sales goals.
- Include a budget for marketing and sales activities.
- Discuss your sales team and their roles.
- Detail your customer acquisition and retention strategies.
- Mention any partnerships or collaborations for marketing and sales.
Example of marketing and sales plan section of a bank
The operation plan should include all the steps needed to run the business in the long run. The plan should include details about logistics, duties for each department of the company, and responsibilities for the team.
The main aspect of running a business is its costs. Whether it’s machinery or services, each requires capital.
how to write an operation plan in a business plan
- Describe your day-to-day business operations.
- Explain your supply chain and production processes.
- Outline your facility and equipment requirements.
- Discuss your quality control and efficiency measures.
- Mention any legal and regulatory compliance considerations.
- Detail your staffing and management structure.
- Include contingency plans for potential disruptions.
In this section, you can describe your current team and the people you need to hire. You will need to highlight your team’s relevant experience if you intend to seek funding. Basically, this is where you demonstrate that this team can be successful in starting and growing the business.
- Introduce your leadership team and their roles.
- Highlight their relevant experience and qualifications.
- Explain your organizational structure and hierarchy.
- Discuss key personnel responsibilities and functions.
- Mention any plans for team growth or development.
- Address any advisory boards or external support.
Management summary of coffee shoppe business.
A financial plan should include sales and revenue forecasts, profit and loss statements , cash flow statements , and balance sheets .
Now, if you plan to pitch investors or submit a loan application, you’ll also need a “use of funds” report. Here you outline how you plan to leverage any funding you might acquire for your business.
With our business templates , you can create your own income statement, cash flow statement, and balance sheet.
- Include detailed financial projections (income statement, cash flow, balance sheet).
- Explain your funding requirements and sources.
- Discuss your pricing and revenue model.
- Describe your expense management and cost controls.
- Mention any financial risks and mitigation strategies.
- Highlight key financial milestones and goals.
Financial highlights of foodShack business.
External drivers refer to the external factors or influences that significantly impact the activity and growth of an industry. These drivers include outsourcing of non-core activities, changes in economic activity, competition from other industries, and the complexity of business legislation.
Additionally, external drivers encompass the effects of changes in new business formation, especially among small businesses, which directly affect the demand for services within the industry.
- Identify and analyze current and emerging market trends in your industry.
- Assess potential positive or negative impacts these trends may have on your business.
- Evaluate broader economic conditions, including inflation rates, interest rates, and GDP growth.
- Elucidate how changes in economic conditions could influence consumer behavior, product demand, and overall cost structure.
- Outline key industry regulations and compliance requirements, discussing potential impacts on operations, costs, and market access.
- Highlight relevant technological advancements and explain their potential effects on your product or service offerings, operations, and competitiveness.
- Analyze current and potential future competitors, emphasizing the evolving competitive landscape’s impact on market share, pricing strategy, and overall business strategy.
- Consider social and cultural factors influencing consumer preferences and behaviors, exploring how societal changes can affect product demand.
- Evaluate environmental trends and regulations, discussing potential impacts on operations, supply chain, and customer perceptions.
- Assess political stability, government policies, and geopolitical factors, exploring potential risks and opportunities from political changes.
- Discuss global market conditions, analyzing how global economic trends, trade policies, and currency fluctuations may affect operations and expansion plans.
- Identify and discuss potential risks in the supply chain, such as disruptions, shortages, or geopolitical issues.
- Consider demographic shifts affecting your target market and discuss how changes may impact your customer base and marketing strategies.
- Highlight key legal and regulatory factors affecting the business, discussing potential legal challenges, compliance costs, and regulatory changes.
- Outline comprehensive risk management strategies, including contingency plans and risk mitigation strategies.
- Explain how you will monitor external drivers and emphasize the importance of staying agile and responsive to changes in the external environment.
The startup summary serves as a comprehensive overview of essential financial aspects, encompassing total startup expenses, the overall value of startup assets, and the total requirements, which is the cumulative sum of all expenses and startup investments.
It provides a clear financial snapshot, outlining the costs involved in launching the business, the value of assets acquired, and the overall financial needs for the startup.
This section is crucial for entrepreneurs and potential investors, offering a transparent understanding of the financial foundation required to initiate and sustain the business successfully.
This roadmap ensures a realistic evaluation of the business idea, identifying potential challenges and offering solutions.To write an effective plan, focus on what sets your venture apart from competitors, maintain conciseness, and embrace flexibility as a living document.
Answer fundamental questions about your business, create actionable checklists, execute the plan, and continually revise and update based on experiences and feedback.This iterative process fosters continuous improvement, helping entrepreneurs stay adaptable and enhance their business strategies over time.
- Clearly state the startup’s name and provide a concise description of its activities.
- Include a succinct mission statement capturing the startup’s purpose and goals, reflecting its core values.
- Specify the founding date and offer brief bios of key founders, highlighting relevant experience.
- Summarize the startup’s concept, explaining offered products or services and key distinguishing features.
- Clearly articulate the problem or need in the market that the startup addresses, defining the target audience.
- State what makes the startup unique, whether it’s a special feature, market gap, or competitive advantage.
- Provide a brief description of the market opportunity, covering target market size, trends, and growth prospects.
- Outline how the startup plans to generate revenue, detailing streams, pricing strategy, and potential partnerships.
- Offer a snapshot of the startup’s current status, highlighting key achievements such as product development or partnerships.
- If seeking funding, clearly state the amount sought and its allocation, covering areas like product development and marketing.
- Include a high-level financial summary with key projections for revenue, expenses, and profitability.
- Briefly outline future aspirations and plans, encompassing areas like expansion, product development, or strategic partnerships.
The projected industry growth is a pivotal aspect that forecasts the expansion of a specific sector over a defined timeframe.
For instance, it could provide an estimate of where that particular business will be standing in the next 10 years, and what will be the average annual growth rate of that industry.
This information provides prospective investors and stakeholders with a clear understanding of the industry’s potential and positions the startup within a dynamic and flourishing market.
- Emphasize the importance of industry trends and growth to your business.
- Provide a concise overview, including market size, major players, and recent trends.
- Briefly explain how you gathered data on industry growth projections (e.g., market research reports, expert interviews).
- Identify and discuss prevailing trends, such as technological advancements, changes in consumer behavior, and regulatory shifts.
- Summarize the industry’s historical growth, highlighting growth rates, market expansion, and notable milestones.
- Highlight key factors expected to drive industry growth, such as emerging markets, technological innovations, and demographic shifts.
- Discuss specific opportunities within the industry, including gaps in the market, underserved segments, or areas of competitive advantage.
- Acknowledge potential challenges or risks that could impact industry growth, demonstrating a realistic understanding.
- Present projections for future growth rates based on historical data, expert opinions, and your analysis. Include short-term and long-term projections.
- Discuss how key competitors are positioned to leverage industry growth, emphasizing your business’s differentiation strategies.
- Consider the regulatory landscape impacting growth, discussing anticipated changes and their potential effects on the industry.
- Explore international trends and their implications for industry growth, including factors like global economic conditions and geopolitical influences.
Here is example of market analysis section of a bank.
The break-even analysis serves as a vital financial tool, offering a detailed estimation of key metrics such as Sales Revenue, Cost of Sales, Gross Profit, Fixed Expenses, and Income Before Tax.
These critical components are visually presented through a bar graph, providing a clear and concise overview of the financial dynamics.
Additionally, the break-even analysis delves into a 12-month forecast, outlining the projected amount of revenue generated and the corresponding fixed costs.
This section is instrumental in helping stakeholders understand the financial threshold at which the business covers its costs and begins to generate profit.
- Define break-even analysis as a financial calculation where total revenue equals total costs.
- Identify constant costs regardless of production or sales levels.
- Enumerate and explain costs changing with production or sales.
- Present the break-even analysis formula, indicating the units needed to cover costs.
- Perform a practical break-even calculation using business-specific fixed costs, selling price, and variable cost per unit.
- Include a break-even chart or graph for a visual understanding of cost-revenue dynamics.
- Conduct a proactive sensitivity analysis to explore how changes in variables impact the break-even point.
- Specify the anticipated timeframe to reach the break-even point in terms of months or units sold.
- Clearly outline assumptions made in the analysis and provide justifications for transparency and credibility.
- Acknowledge potential risks or challenges that may affect the accuracy of the break-even analysis.
- Briefly mention contingency plans for difficulties in reaching the break-even point within the projected timeframe.
The management summary within the business plan provides a concise overview of the organizational structure and key personnel.
This includes a count of individuals, specifying the number of founders and operational team members integral to the organization.
The summary delves into the roles and responsibilities of each key figure, offering insights into the leadership dynamics driving the business.
Furthermore, the management summary sheds light on the financial aspect by presenting details about personal wages and payroll allocations for both founders and operational staff.
This comprehensive section ensures a clear understanding of the human resource framework and the financial commitments associated with the management team, crucial for stakeholders evaluating the business’s operational strength and leadership capability.
- Highlighting the critical role the management team plays in the business’s success, the introduction emphasizes their significance.
- Listing each key member with names, positions, and brief role summaries introduces the core of the management team.
- Providing brief biographies for each team member underscores their relevant experience, skills, achievements, and industry-specific expertise.
- Clearly outlining roles and responsibilities emphasizes how each team member’s skills contribute to the overall success of the business.
- Sharing the team’s vision and strategy involves discussing key strategic goals and outlining the plans to achieve them.
- Highlighting notable achievements or milestones showcases the team members’ successful ventures, industry recognition, or career accomplishments.
- Discussing team dynamics emphasizes collaboration and the complementary nature of their skills in driving the business forward.
- Introducing advisory board members, if applicable, underscores the additional guidance and expertise they bring to the business.
- Discussing how the team plans to contribute to future growth and development includes strategies for talent acquisition, leadership development, and succession planning.
- Touching on the team’s culture and values emphasizes their role in shaping the overall ethos of the business.
- If seeking investment, briefly mentioning how the management team plans to use funding for business growth and development provides insight into their financial strategy.
Here is example of marketing and sales plan section of a bank.
The financial indicators section within the business plan helps in evaluating the fiscal health and performance of the organization.
Year-after-year profitability estimates take center stage, encompassing key metrics such as gross margin, net profit margin, and EBITDA to revenue.
These indicators provide a comprehensive understanding of the business’s ability to generate profit relative to its revenue.
Furthermore, the financial indicators extend to leverage ratios, including the critical Debt to Equity ratio, Debt to Assets ratio, and Interest Coverage ratio.
These metrics illuminate the organization’s capital structure, debt management, and its capacity to meet interest obligations.
Liquidity ratios includes the Current Ratio and Current Debt to Total Asset Ratio.
These ratios provide insights into the company’s short-term financial health and its ability to meet immediate obligations.
The financial indicator toolbox is enriched with additional metrics, notably the Revenue to Equity ratio, which sheds light on the efficiency of generating revenue from equity investments.
- Detailed revenue forecasts for the next 3-5 years. Breakdown by product/service and geographical regions.
- Detailed breakdown of anticipated expenses. Include fixed and variable costs, operational expenses, and other relevant expenditures.
- Historical P&L statements if available. Projected future profits and losses based on revenue and expense projections.
- Outline of expected cash inflows and outflows. Emphasis on the ability to meet short-term obligations.
- Snapshot of the company’s financial position. Includes assets, liabilities, and equity.
- Calculation and presentation of key financial ratios (liquidity, solvency, profitability). Discussion on the significance of these ratios.
- Identification and explanation of relevant KPIs. Highlighting alignment with the overall business strategy.
- Discussion of potential financial risks. Mitigation strategies and addressing uncertainties.
- Clear statement of the amount and purpose of funds required.
- Outline of key assumptions underlying financial projections. Rationale for these assumptions.
- Summary of industry financial trends and business positioning. Outlook on future financial prospects considering market dynamics.
Looking For The Right Business Plan Format?
These sample business plans will provide you with a complete structure and format for your business plan, which will give you a head start on developing your document, so you won’t be stuck seeing an empty page and wondering what to write.
Simply going through the process of writing a business plan is one of its key benefits. If you sit down to write, you’ll naturally think about your startup costs, your target market , and any market analysis or research you’ll need to conduct. In addition to defining your position among your competitors, you will establish your goals and milestones.
You can see what should be included in a sample financial plan, but It is wrong to assume that a sample company’s financial projections will fit your own. If you need more resources to get you started, we recommend this guide on how to write a business plan .
In addition, you can download our 40+ free business plan templates covering a range of industries.
One-page business plans are short, compact, and to the point and are designed to make the plan easy to read at a glance. Make sure to include all of the sections, but truncate and summarize them
Start-up business plans are for businesses that are just getting started. They are usually developed to secure outside funding. In this regard, financials are of increased importance, as well as other sections that determine whether your business idea is viable, such as market research.
A strategic business plan lays out a company’s goals and how it will achieve them at a high level. It is a foundational document for the company as a whole. A strategic business plan allows all levels of the business to see the big picture, inspiring employees to work together to reach the company’s goals.
Developing a feasibility plan answers two primary questions about a business venture: who would purchase the service or product the company wants to sell, and if the venture is profitable.
Internal Business plans are geared to a specific audience within a company to keep your team on the same page and focused on the same goals.
In conclusion, whether you’re venturing into a traditional business or creating an innovative startup, the significance of a well-crafted business plan cannot be overstated. Different types of business plans cater to specific needs, from internal alignment to strategic expansion. Employing a template in MS Word ensures a polished presentation. The process of writing an executive summary, creating a plan, and defining the components of your business plan is essential.
Recognizing the need for a comprehensive and standard business plan can help guide your endeavors. Whether you choose to write a full business plan or opt for a one-page business overview, leveraging templates in MS Word can simplify the process. In essence, understanding the types of business plans and utilizing an executive summary template provides a structured approach to showcase your business overview.
Take inspiration from example business plans to tailor your strategy, ensuring a roadmap for success in the dynamic world of entrepreneurship. Always remember, a meticulously crafted business plan not only communicates your vision effectively but also serves as a valuable resource that can help secure investments and guide your business’s growth trajectory.
Begin with an executive summary, delve into market analysis, outline your strategies, create financial projections, and use available business plan examples as templates to guide your writing.
A comprehensive business plan template should encompass key sections such as an executive summary, business description, market analysis, marketing strategy, organizational structure, and financial projections. Seek templates online that cover these elements.
Tailor your business plan to the scale of your small business. Define your objectives clearly, outline cost-effective strategies, and emphasize agility in adapting to market changes.
Explore well-crafted business plan examples you can visit our website wisebusinessplan.
The fundamental components include an executive summary, business description, market analysis, marketing and sales strategy, organizational structure, product/service description, and financial projections.
Investors focus on growth potential, detailed financial projections, market analysis, competition analysis, and the qualifications and experience of your management team when reviewing a business plan.
To find a business plan example for a tech startup,you can visit our visit wisebusinessplan .
A business plan provides a comprehensive overview of your entire business, including strategies, operations, and financials. In contrast, a business proposal typically focuses on a specific project or offer, outlining the details and benefits to a potential client.
Craft an engaging executive summary by summarizing your business’s mission, highlighting the market opportunity, showcasing your product or service, and providing a concise overview of your financial projections.
Seek tailored business plan examples for nonprofit organizations you can visit wisebusinessplan .
These business plans are written by MBA writers. Real-world use cases were used in these plans.
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Simple Business Plan Templates
By Joe Weller | April 2, 2020
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In this article, we’ve compiled a variety of simple business plan templates, all of which are free to download in PDF, Word, and Excel formats.
On this page, you’ll find a one-page business plan template , a simple business plan for startups , a small-business plan template , a business plan outline , and more. We also include a business plan sample and the main components of a business plan to help get you started.
Simple Business Plan Template
Download Simple Business Plan Template
Word | PDF
This simple business plan template lays out each element of a traditional business plan to assist you as you build your own, and it provides space to add financing information for startups seeking funding. You can use and customize this simple business plan template to fit the needs for organizations of any size.
One-Page Business Plan Template
Download One-Page Business Plan Template
Excel | Word | PDF | Smartsheet
Use this one-page business plan to document your key ideas in an organized manner. The template can help you create a high-level view of your business plan, and it provides easy scannability for stakeholders. You can use this one-page plan as a reference to build a more detailed blueprint for your business.
For additional single page plans, take a look at " One-Page Business Plan Templates with a Quick How-To Guide ."
Simple Fill-in-the-Blank Business Plan Template
Download Simple Fill-in-the-Blank Business Plan Template
Use this fill-in-the-blank business plan template to guide you as you build your business plan. Each section comes pre-filled with sample content, with space to add customized verbiage relevant to your product or service.
For additional free, downloadable resources, visit " Free Fill-In-the-Blank Business Plan Templates ."
Simple Business Plan for Startup
Download Startup Business Plan Template — Word
This business plan template is designed with a startup business in mind and contains the essential elements needed to convey key product or service details to investors and stakeholders. Keep all your information organized with this template, which provides space to include an executive summary, a company overview, competitive analysis, a marketing strategy, financial data, and more. For additional resources, visit " Free Startup Business Plan Templates and Examples ."
Simple Small-Business Plan Template
Download Simple Small-Business Plan Template
This template walks you through each component of a small-business plan, including the company background, the introduction of the management team, market analysis, product or service offerings, a financial plan, and more. This template also comes with a built-in table of contents to keep your plan in order, and it can be customized to fit your requirements.
Lean Business Plan Template
Download Lean Business Plan Template
This lean business plan template is a stripped-down version of a traditional business plan that provides only the most essential aspects. Briefly outline your company and industry overview, along with the problem you are solving, as well as your unique value proposition, target market, and key performance metrics. There is also room to list out a timeline of key activities.
Simple Business Plan Outline Template
Download Simple Business Plan Outline Template
Use this simple business plan outline as a basis to create your own business plan. This template contains 11 sections, including a title page and a table of contents, which details what each section should cover in a traditional business plan. Simplify or expand this outline to create the foundation for a business plan that fits your business needs.
Simple Business Planning Template with Timeline
Download Simple Business Planning Template with Timeline
Excel | Smartsheet
This template doubles as a project plan and timeline to track progress as you develop your business plan. This business planning template enables you to break down your work into phases and provides room to add key tasks and dates for each activity. Easily fill in the cells according to the start and end dates to create a visual timeline, as well as to ensure your plan stays on track.
Simple Business Plan Rubric Template
Download Simple Business Plan Rubric
Once you complete your business plan, use this business plan rubric template to assess and score each component of your plan. This rubric helps you identify elements of your plan that meet or exceed requirements and pinpoint areas where you need to improve or further elaborate. This template is an invaluable tool to ensure your business plan clearly defines your goals, objectives, and plan of action in order to gain buy-in from potential investors, stakeholders, and partners.
Basic Business Plan Sample
Download Basic Business Plan Sample
This business plan sample serves as an example of a basic business plan that contains all the traditional components. The sample provides a model of what a business plan might look like for a fictional food truck business. Reference this sample as you develop your own business plan.
For additional resources to help support your business planning efforts, check out “ Free Strategic Planning Templates .”
Main Components of a Business Plan
The elements you include in your business plan will depend on your product or service offerings, as well as the size and needs of your business.
Below are the components of a standard business plan and details you should include in each section:
- Company name and contact information
- Website address
- The name of the company or individual viewing the presentation
- Table of Contents
- Company background and purpose
- Mission and vision statement
- Management team introduction
- Core product and service offerings
- Target customers and segments
- Marketing plan
- Competitive analysis
- Unique value proposition
- Financial plan (and requirements, if applicable)
- Business and industry overview
- Historical timeline of your business
- Offerings and the problem they solve
- Current alternatives
- Competitive advantage
- Market size
- Target market segment(s)
- Projected volume and value of sales compared to competitors
- Differentiation from competitors
- Pricing strategy
- Marketing channels
- Promotional plan
- Distribution methods
- Legal structure of your business
- Names of founders, owners, advisors, etc.
- Management team’s roles, relevant experience, and compensation plan
- Staffing requirements and training plans
- Physical location(s) of your business
- Additional physical requirements (e.g., warehouse, specialized equipment, facilities, etc.)
- Production workflow
- Raw materials and sourcing methods
- Projected income statement
- Projected cash flow statement
- Projected balance sheet
- Break-even analysis
- Charts and graphs
- Market research and competitive analysis
- Information about your industry
- Information about your offerings
- Samples of marketing materials
- Other supporting materials
Tips for Creating a Business Plan
It’s easy to feel overwhelmed at the thought of putting together a business plan. Below, you’ll find top tips to help simplify the process as you develop your own plan.
- Use a business plan template (you can choose from the variety above), or refer to the previous section to create a standard outline for your plan.
- Modify your outline to reflect the requirements of your specific business. If you use a standard business plan outline, remove sections that aren’t relevant to you or aren’t necessary to run your business.
- Gather all the information you currently have about your business first, and then use that information to fill out each section in your plan outline.
- Use your resources and conduct additional research to fill in the remaining gaps. (Note: It isn’t necessary to fill out your plan in order, but the executive summary needs to be completed last, as it summarizes the key points in your plan.)
- Ensure your plan clearly communicates the relationship between your marketing, sales, and financial objectives.
- Provide details in your plan that illustrate your strategic plan of action, looking forward three to five years.
- Revisit your plan regularly as strategies and objectives evolve.
- What product or service are we offering?
- Who is the product or service for?
- What problem does our product or service offering solve?
- How will we get the product or service to our target customers?
- Why is our product or service better than the alternatives?
- How can we outperform our competitors?
- What is our unique value proposition?
- When will things get done, and who is responsible for doing them?
- If you need to obtain funding, how will you use the funding?
- When are payments due, and when do payments come in?
- What is the ultimate purpose of your business?
- When do you expect to be profitable?
To identify which type of business plan you should write, and for more helpful tips, take a look at our guide to writing a simple business plan .
Benefits of Using a Business Plan Template
Creating a business plan can be very time-consuming, especially if you aren’t sure where to begin. Finding the right template for your business needs can be beneficial for a variety of reasons.
Using a business plan template — instead of creating your plan from scratch — can benefit you in the following ways:
- Enables you to immediately write down your thoughts and ideas in an organized manner
- Provides structure to help outline your plan
- Saves time and valuable resources
- Helps ensure you don’t miss essential details
Limitations of a Business Plan Template
A business plan template can be convenient, but it has its drawbacks — especially if you use a template that doesn’t fit the specific needs of your business.
Below are some limitations of using a business plan template:
- Each business is unique and needs a business plan that reflects that. A template may not fit your needs.
- A template may restrict collaboration with other team members on different aspects of the plan’s development (sales, marketing, and accounting teams).
- Multiple files containing different versions of the plan may be stored in more than one place.
- You still have to manually create charts and graphs to add to the plan to support your strategy.
- Updates to the plan, spreadsheets, and supporting documents have to be made in multiple places (all documents may not update in real time as changes are made).
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