Yes, technically, a traditional business plan has a strict set of rules and a template to follow. They change with time as you get to learn the market, your own business, and indeed, your very self.
That, however, does not mean that you are doomed to fail if you cannot clearly articulate what your cash flow statement is in the financial plan section. While it is important to learn how to write a business plan, the truth is – only a small subset of businesses still need to go through the formal process and follow a strict template.
Businesses that are keen to attract investors, especially from the formal corporate or financial sector, should absolutely learn how to write a business plan in its strictest fashion.
The rest only need to start simple and grow it organically as the venture progresses.
Here are some business plan templates worth considering. One-page business plans take the fuss out creating a business plan by getting down to the basics of what your business is about and how you intend to meet its goals.
Making A Small Business Plan
Think of it like writing down your business on a napkin, but with a purpose.You'll need to not only flesh out your idea, make some educated guesses and have a deep understanding of the different aspects of running a business — before you even start one.Figuring out how to do this correctly is hard enough, but there are several tools available to make this arduous task a little bit easier for would-be entrepreneurs.You can also print and share your business plans for easy access.Rocket Lawyer business plans come with standard parts of a business plan, as well as sections for funding requests and appendix for supporting documents. A killer business plan can help you turn it into a successful business.Creating a well-crafted business plan is no easy task, however.There are several business plan mobile apps that will let you write a business plan anytime, anywhere right on your smartphone or tablet. This app offers a wide range of business planning resources, such as strategic business planning tutorials, professionally made sample business plans, financial projections and other reports. It also aims to do three things for entrepreneurs: help start a business the right way with a well-crafted business plan; keep them motivated and on track; and provide a community of fellow entrepreneurs, small business owners and experts to help guide users in creating their business plan and running their businesses.Business plans created on Start Pad can also be exported as high-resolution PDFs or printed out. Business Plan & Start Startup can be downloaded from the Google Play marketplace Don't want to use any of the above?Rocket Lawyer lets you create your own legal documents and provides access to various legal services.Its business plans section lets you create business plans in three steps: build, save and sign.