For a business to be successful and profitable, the owners and the managing directors must have a clear understanding of the firm's customers, strengths and competition.
They must also have the foresight to plan for future expansion.
The sample is set up to help you get a sense of each section and understand how they apply to the planning and evaluation stages of a business plan.
If you’re looking for funding, especially through venture capital, this example won’t be a complete or formal look at a business plan, but it will give you a great place to start and ideas about which sections to expand.
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.
A business plan is very specific to each particular business.
However, while each business needs a unique plan, the basic elements are the same in all business plans.
You will realize needs that may have been overlooked, spot problems and nip them before they escalate, and establish plans to meet your business goals. Ninety percent of new businesses fail in the first two years. Finally, your business plan provides the information needed to communicate with others.
This is especially true if you are seeking financing.