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Pros of using a business plan template: A good business plan template can help you get your thoughts organized.It can provide a guideline so you’re not stuck looking at a blank page trying to figure out where to start.A corporate business plan for a large organization can be hundreds of pages long.
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.
However, if you’re new to business planning and just want to get a sense of what a plan looks like and want to get the process started quickly and cheaply, then downloading a free template is the best way to get started.
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.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.If using Windows, outline the text to be selected with the mouse and hit CTRL C to copy and CTRL V to paste.For a detailed description of each section of the plan, you'll want to refer to the Guide to Writing a Business Plan Step By Step.The executive summary goes near the beginning of the plan but is written last.It provides a short, concise, and optimistic overview of your business that captures the reader's attention and creates a need to learn more.See How to Write The Management Plan Section of the Business Plan before addressing this section.Ownership Structure The operating plan outlines the physical requirements of your business, such as office, warehouse, retail space, equipment, inventory and supplies, labor, etc.For a one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, supply chains, specialized equipment, and multiple employees, the operating plan needs to be very detailed.The Operating Plan Section of the Business Plan will provide you with additional information about your operating plan.