Get your free business plan template This free business plan template includes the following sections: In our business plan template, each section includes an overview of the most important information to cover and guidelines on how to approach writing and researching each one.There are some high-level strategic guidelines beyond the advice included in this free business plan template that can help you write an effective, complete plan while minimizing busywork.The following is adapted from the Executive Summary This is the most critical part of your business planning.
This template is designed to ensure you’re thinking through all of the important facets of starting a new business or growing an existing one.
It’s intended to help future small business owners consider the full scope of running a business, and identify functional areas they may not have considered or where they may need to level up their skills as they grow.
This holds key information that all financiers and potential investors are going to want to know.
Even if you hope to just get away with using a pitch deck to raise the capital you need.
Download the business plan example Although even the best-crafted plan may not survive its first contact with reality, the act of planning is still invaluable for your business.
To make sure your efforts are focused on the highest-value parts of planning, like clarifying your goals, setting a strategy, and understanding the market and competitive landscape, lean on a business plan template to handle the structure and format for you.That’s why we put together a free business plan template to help you get started.Get the template It’s tempting to dive right into execution when you’re excited about a new business or side project, but taking the time to write a business plan and get your thoughts on paper allows you to do a number of beneficial things: A business plan can be as informal or formal as your situation calls for, but even if you’re a fan of the back-of-the-napkin approach to planning, there are some key benefits to starting your plan from an existing outline or template.Even if you eventually omit sections, you’ll save yourself time and energy by starting with a framework already in place. Creating a business plan is a key part of starting any business venture.That said, it may not include the specific details or structure preferred by a potential investor or lender.If your goal with a business plan is to secure funding, check with your target organizations—typically banks or investors—to see if they have a template you can follow to maximize your chances of success.This brings together all of the key elements of your plan and will often be the make or break document which decides whether commercial lenders or investors will have any interest in seeing the rest of your documentation or pursuing a relationship with you.For additional guidance, you may want to review the Executive Summary Template that I recently covered on Forbes as well.The easiest way to simplify the work of writing a business plan is to start with a business plan template.You’re already investing time and energy in planning your small business—there’s no need to reinvent the wheel when it comes to formatting your plan.