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You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place.
Instead, look for a plan that's related to the type of business you're starting.
For example, if you want to start a vegetarian restaurant, a plan for a steakhouse will still be a great match.
While the specifics of your actual business will differ, the elements you'll want to include in your restaurant's business plan are likely to be very similar—and they're all included in Live Plan.
Read through as many sample business plans as you like to see how it's done and get inspired.
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 research, competitive analysis, sales strategies, capital and labor requirements, and financial data.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, logos, business premises or site plans, etc.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.Pros of using a business plan template: A good business plan template can help you get your thoughts organized.Finally, merging data from Excel spreadsheets into your Word document is harder than it looks.It’s not easy to keep everything completely up-to-date as you make changes to your numbers, and integrating the right charts and graphs into your business plan is harder than it looks.It's a good thing Live Plan comes stocked with over 500 free, full-length sample business plans for you to use as inspiration.When working on any part of your plan, you can easily access our full library and browse real sample content for all sorts of businesses.Knowing your industry standards helps ensure that your forecast is both competitive and achievable.You don't need to find a sample business plan that's an exact fit for your business.