How To Create A Small Business Plan

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.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.The executive summary should be no more than two pages long, with brief summaries of other sections of the plan.

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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.

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.

Cons of using a business plan template: While there are benefits to using a business plan template, depending on your situation it may not be the best way to complete your plan. For instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself.

You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place.

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.

Finally, merging data from Excel spreadsheets into your Word document is harder than it looks.

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.