Simple Business Plan Template for Entrepreneurs

 

how to write a business plan sample

Your business plan is the foundation of your business. 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. A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope. Oct 03,  · Sample business plans: Over free sample business plans from various industries. Business plan template: This fill-in-the-blank business plan template is in the format preferred by banks and the U.S. Small Business Administration (SBA). How to start a business: An easy-to-follow six-step process for starting a new business/5(3).


How to Write a Business Plan for a Small Business: 14 Steps


Think you how to write a business plan sample a great idea for a business? The simple 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, the market researchcompetitive analysissales 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.

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, logosbusiness 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 business 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 employeeshow to write a business plan sample, the 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. 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 will grow and be profitable. To do this, you will need to create projected income statements, how to write a business plan sample, 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. Do this on a monthly basis for at least the first year how to write a business plan sample a startup business.

The Cash Flow projection shows your monthly anticipated cash how to write a business plan sample 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, how to write a business plan sample. Income tax, pensions, medical, how to write a business plan sample, 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 any detailed information needed to support other sections of the plan. Small Business Business Plans. By Susan Ward. Continue Reading.

 

Write your business plan

 

how to write a business plan sample

 

A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope. Bplans offers more than free sample business plans in a wide variety of industries. 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. Second, the business plan is a requirement if you are planning to seek loan funds. It will provide potential lenders with detailed information on all aspects of the company's past and current operations and provide future projections. The text of a business plan must be concise and .