Write your business plan

 

standard business plan template

Learn how to write a business plan quickly and efficiently with a business plan template. Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with a business plan template. Continuing with my series here on standard business plan financials, all taken from my Lean Business Planning site, the Profit and Loss, also called Income Statement, is probably the most standard of all financial statements. And the projected profit and loss, or projected income (or pro-forma profit and loss or pro-forma income) is also the most standard of the financial projections in a. Plus, it shows you the general layout of a standard business plan so you know what goes where and that you're not leaving out anything. A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like.


Free PDF Business Plan Templates


Think you have a great idea for a business? The simple business plan standard business plan template presented here will get you started.

A standard business plan consists of a single document divided into several sections including a description of the organization, standard business plan template, the market researchcompetitive standard business plan templatesales strategiescapital and labor requirements, and financial data.

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, standard business plan template.

There is still going to be a lot of work involved. For instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself. Finally, merging data from Excel spreadsheets into your Word document is harder than it looks.

A corporate business plan for a large organization can be hundreds of pages long. However, for a small business, it's best to keep the plan short and concise, especially if you intend to submit it to bankers or investors.

Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logosstandard business plan template, business premises or site plans, etc. Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound. You want your standard business plan template plan to convey the best possible physical impression; make it something people are going to want to pick up and look at.

Enter your business information including the legal name, address, etc. If you already have a business logo you can add it at the top or bottom of the title page. An overview of the industry and how your business will compete in the sector. 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.

The Target Market description and Competitive Analysis portions can be two separate sections in the plan or combined as shown:. Describe your product or service, how it benefits the customer, and what sets it apart from competitor offerings i. Describe how you intend to price your product or service. Describe how you will distribute your products to the customer if applicable. Will you be selling wholesale or retail? What type of packaging will be required?

How will the product s be shipped? What methods will be used for payment? This section describes the legal structure, ownership, and if applicable the management, and staffing requirements of your business. List ownership percentages if applicable. If the business is a sole proprietorship this is the only section required.

Describe managers and their roles, key employee positions, and how each will be compensated. The operating plan outlines the physical requirements of your business, such as office, warehouse, retail space, equipment, inventory and supplies, labor, etc.

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 employeesthe operating plan needs to be very detailed.

Describe your production workflow. Include factors that may affect the time frame of production and how you'll deal with potential problems such as rush orders. Describe the physical location of the business including location, land, and building requirements.

Include zoning approvals and other permissions necessary to operate your business. Outline expected staffing needs and the main duties of staff members, especially the key employees. Describe how the employees will be sourced and the employment relationship i.

Detail any employee training needed and how it will be provided. Include a list of any specialized equipment needed. If your business is manufacturing, retail, food services, etc. Give descriptions of major suppliers if needed. Describe how you will manage inventory, standard business plan template. The financial plan section is the most important section of the business plan, especially if you need debt financing or want to attract investors.

The financial plan has to demonstrate that your business standard business plan template grow and be profitable. To do this, you will need to create projected income statements, cash flow statements, and balance sheets. For a new business, these are forecasts. A good rule of thumb is to underestimate revenues and overestimate expenses, standard business plan template. Do this on a monthly basis for at least the first year for a startup business. The Cash Flow projection shows your monthly anticipated cash revenues and disbursements for expenses.

For a startup, this would be on the day the business opens. Note also that the Balance Sheet is much simpler for unincorporated businesses without employees.

Income tax, pensions, medical, etc. Including a breakeven analysis will demonstrate to financiers or investors what level of sales you need to achieve to make a profit.

The appendices and exhibits section contains standard business plan template detailed information needed to support other sections of the plan. Small Business Business Plans, standard business plan template.

By Susan Ward. Continue Reading.

 

 

standard business plan template

 

Plus, it shows you the general layout of a standard business plan so you know what goes where and that you're not leaving out anything. A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like. In reality there is no standard format for the presentation of a good business plan. Business plans vary in content and size according to the nature and size of the business concerned and on the emphasis that is placed on certain critical areas as opposed to others. Learn how to write a business plan quickly and efficiently with a business plan template. Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with a business plan template.