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Instead, our goal is to make the process easier by providing a professionally designed business plan template that you can edit easily using Word and Excel.Update (7/22/2016): We've added a basic break-even analysis worksheet to the companion Excel workbook.However, at the least the entire spreadsheet won't be embedded within your business plan Word document.
Bplans' investor-approved business plan template has been used by Princeton University and Babson College to teach entrepreneurs how to start a business.
The template starts with an executive summary and then guides you through the other elements, including the financial plan, company overview and more.
The companion workbook combines many of the different spreadsheets you can find on Vertex42.com, but customized specifically for inclusion in a business plan.
Word allows you to assign format Styles to text and paragraphs, and we've designed the template to use these Styles for defining headings, sub-headings, and figure captions.
According to the website, each section can be copied into Word, Excel or a similar word-processing app by simply copying and pasting the text.
The website also breaks down each section and provides instructions on how to download and fill in the template.If you want to add a new section so that the Table of Contents updates correctly, just add a new heading in the body of the document and assign it the Heading 1 or Heading 2 style.To update the Table of Contents, go to the References tab and within the Table of Contents group of buttons, click on Update Table and then "Update entire table." For simple tables, you can use Copy/Paste (Ctrl c / Ctrl v) to copy a table from Excel to Word.This will typically paste the data as a formatted and editable table in Word, though none of the formulas will be functional within Word (and the table will not be linked to Excel).If you don't want the table to be editable in Word, you can "Paste as a Picture" using Paste Special or by choosing the "Picture" option when you right-click in Word to paste the table.During the step-by-step process, this tool will update the status of your business plan.Once you save your information and move to a new section in the business plan, a checkmark will appear in the numbered section menu at the top of the screen denoting when each section is complete.Editor's Note: Looking for a business plan template or service for your business?If you're looking for information to help you choose the one that's right for you, use the questionnaire below to have our sister site, Buyer Zone, provide you with information from a variety of vendors for free: The Balance's business plan template is broken down into sections that will aid you in completing the best possible business plan, whether you are creating it for funding or strategy.Important: When you paste a chart object into your business plan, make sure to "Paste as a Picture" because pasting the chart as an embedded object means that the entire spreadsheet becomes embedded in your Word document (even though what you see is only the chart).If you want to insert a table into Word as a "Linked Object" so that when you edit Excel, the table in Word will update automatically, you may have a more difficult time preserving the formatting of the original.