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Business Plan Template for Small Businesses
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You don't need to be an expert. This template makes business planning easy.
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Why you need a business plan
Writing a business plan can seem like a big task, especially if you’re starting a business for the first time and don’t have a financial background. After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago.
What hasn’t changed is that writing a business plan will help you:
- Develop a strategy for success
- Reduce the risk of starting a business
- Explore new business ideas
- Attract investors and get funding
Learn more about how you can get value out of your business plan .
What is included in this business plan template?
This template includes definitions, guidance, and examples for every business plan component needed to start, fund, and grow your business.
After downloading the full template, you’ll receive instructions on how to fill out each of the following sections.
Executive summary
The brief summary of your business plan introduces everyone to your business, the problem you solve, and what you’re asking from your readers. It’s the first chapter of your business plan and the last thing you write once you have the details from your full plan.
Problem & solution
More than a simple description of your products and services – here you define the problem you’re solving and the value you provide. It’s also your chance to showcase any initial traction that shows you’re on the right track.
Market analysis and target market
A detailed assessment of the market you intend to enter, including the size and value of the market, potential customer segments, and their buying patterns.
Competition
Show that you know who your competitors are, what advantages you have, and how you’re positioning your business to be competitive.
Marketing & sales
Describe how you’ll reach and sell to potential customers with a detailed sales plan and chosen marketing channels.
What makes your business run? Outline the day-to-day workflows and what needs to be set up for your business to deliver a product or service.
Milestones & metrics
Set goals for your business that include the dates and people responsible for accomplishing them. This is what you’ll use to manage responsibilities, track growth, and execute your larger strategy.
Company overview and team
Provide a brief rundown of the legal and structural components of your company, including your history, current team, and gaps you need to fill.
Financial plan
Create well-structured and accurate financial statements to help you pitch to investors, land funding, and achieve long-term success. All without the help of a financial advisor or a degree in accounting.
While not required, this last section of your business plan is a great place to drop in additional documents that support and strengthen the rest of your plan.
How do you write a simple business plan?
If you’re exploring a business idea and don’t plan to pursue funding, then you actually don’t need to write a traditional business plan. Instead, opt for a one-page plan , which is far easier to create but just as effective.
To write a simple one-page business plan, follow the same core sections as a traditional plan. But instead of lengthy paragraphs and multiple pages covering each area of your business, stick with single sentences and bulleted lists.
If a one-page plan sounds like a better option, download our free simple business plan template to get started.
Start your business plan today
Whether you're writing a business plan to validate your business idea, secure funding, or grow your existing business – our template will help you achieve your goals.
Business plan template FAQ
What file formats are available for this business plan template?
You can download and use this business plan template as a Google Doc, .docx (Microsoft Word), or PDF.
Can you print out this template?
This is a printable business plan template that can be downloaded and printed no matter which format you choose.
Why should you start with a business plan template?
Starting with a good business plan template (like this one) includes everything you need to get started. It helps you organize your thoughts, and provides guidance, instructions, and examples to create an investor-ready and SBA-approved business plan format. It really speeds up the planning process. Oh, and it's 100% free!
Is writing a business plan easy?
Using a business plan template can make writing a business plan easier. Additionally, if you focus on just getting your information down quickly, with the expectation that you'll revisit and revise your plan, you can speed up and simplify the process .
Can someone write your business plan for you?
If you're still struggling to write your business plan even when using a template, you can look into hiring a professional business plan writer. We even have a free resource to help you ask just the right questions  to make sure you find the right plan writer.
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- Strategic planning |
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Business plan template
If youâre looking for a way to start your business off on the right foot, a business plan template can help you establish the foundation for your strategy. Get started in a few clicks with Asanaâs free business plan template.
Sign up to use this template.
INTEGRATED FEATURES
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Youâre pumpedâyou just thought of the greatest business idea ever. You want to get started, but you donât have a plan laid out. You need a loan to get your idea off the ground, and the bank wants to see an in-depth business plan. Weâre here to help.
What is a business plan template?
A business plan template is a framework that helps you solidify your ideas in an organized format. Our free business plan template walks you through how to create a new business from scratch, or re-imagine your existing business in a new market.
What components are included in a business plan template?
Our business plan template covers what an organization wants to achieve within three to five years. By using our template, youâll have a place to capture all of the major information you need in order to complete your business plan. That includes:
Company description : Information like your executive summary , your companyâs mission statement and vision, and your founderâs bio.Â
Product and services: A high-level overview of what your company provides, including core products or services. This may also include how your product is developed, any potential screenshots or prototypes of your product, and pricing plans.
Marketing plan: How you plan to bring your product into market at a high level. You can add information like a SWOT analysis , target market research, and brand positioning in this section.
Financial plan: Important financial information such as balance sheets, a break-even analysis, and your cash flow projections.Â
Management and organization information: Information on your companyâs founders, executive team, and the board of directors.
How to use our free business plan template
Using Asanaâs free business plan template is simple. Start by creating a new project with our free template. From there, add relevant information for your specific business plan in the sections provided in our template. If thereâs more information you want to include in your business plan, youâre free to add sections, custom fields, or additional tasks to make this template fit your needs.
Integrated features
Goals . Goals in Asana directly connect to the work youâre doing to hit them, making it easy for team members to see what theyâre working towards. More often than not, our goals live separate from the work that goes into achieving them. By connecting your team and company goals to the work that supports them, team members have real-time insight and clarity into how their work directly contributes to your teamâand companyâsuccess. As a result, team members can make better decisions. If necessary, they can identify the projects that support the companyâs strategy and prioritize work that delivers measurable results.Â
Reporting . Reporting in Asana translates project data into visual charts and digestible graphs. By reporting on work where work lives, you can reduce duplicative work and cut down on unnecessary app switching. And, because all of your teamâs work is already in Asana, you can pull data from any project or team to get an accurate picture of whatâs happening in one place.
Milestones . Milestones represent important project checkpoints. By setting milestones throughout your project, you can let your team members and project stakeholders know how youâre pacing towards your goal. Use milestones as a chance to celebrate the little wins on the path towards the big project goal.Â
Project Overview . Project Overview is your one-stop-shop for all important project context. Give your team a birdâs-eye view of the what, why, and how of your project work. Add a project description to set the tone for how youâll work together in Asana. Then, share any important resources and contextâlike meeting details, communication channels, and project briefsâin one place.
Microsoft Teams . With the Microsoft Teams + Asana integration, you can search for and share the information you need without leaving Teams. Easily connect your Teams conversations to actionable items in Asana. Plus, create, assign, and view tasks during a Teams Meeting without needing to switch to your browser.
Slack . Turn ideas, work requests, and action items from Slack into trackable tasks and comments in Asana. Go from quick questions and action items to tasks with assignees and due dates. Easily capture work so requests and to-dos donât get lost in Slack.Â
Google Workplace . Attach files directly to tasks in Asana with the Google Workplace file chooser, which is built into the Asana task pane. Easily attach any My Drive file with just a few clicks.
Gmail . With the Asana for Gmail integration, you can create Asana tasks directly from your Gmail inbox. Any tasks you create from Gmail will automatically include the context from your email, so you never miss a beat. Need to refer to an Asana task while composing an email? Instead of opening Asana, use the Asana for Gmail add-on to simply search for that task directly from your Gmail inbox.Â
How do I create a business plan template?
Instead of taking the time to create a business plan from scratch, start the process off with Asanaâs free template.To further customize your template, add evergreen information about your specific business, such as your business model, company name, address, mission statement, value proposition, or target audience. Adding these details to your template lets you avoid documenting this information from scratch every time you create a new business plan.
What components should I include in a business plan template?
Business plan templates typically contain five main sections: a company description, products and services, a marketing plan, basic management and organization information, and your current financial plan.
How long should my business plan be?
Short answerâas long as you need it to be. The long answer is that your business plan should have the answers to specific questions on how your business is run, from the perspective of an investor. The goal of a business plan is to highlight your business strategy for the next three to five years. This means any important operational, financial, and strategic information should be included.Â
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BUSINESS STRATEGIES
Free business plan template for small businesses
- Cecilia Lazzaro Blasbalg
- Dec 7, 2023
Creating a successful business is about more than launching a business website or hanging a shingle on your front door. It requires a well-crafted plan that keeps you on track, anticipates obstacles and acts as a concrete roadmap for launching or improving your small business.
Business planning allows you to clarify your vision while providing information to both intrigue and reassure potential investors. The process may seem daunting, but creating a business plan isnât difficultâand templates like the one below can help simplify the process even further.
Ready to launch your business? Create a website today.
What is a business plan?
A business plan is used by small business owners and entrepreneurs when starting a new business venture. Itâs a strategic document that outlines the goals, objectives and strategies of your new or expanding business, including the company's vision, target market, financial projections and operational plans.
A business plan can attract potential partners, convince investors and banks to help you raise capital, and serve as a resource for future growth. Most importantly, youâll be able to use your business plan as a roadmap for how to structure, operate and manage your new venture, whether itâs a sole proprietorship, a partnership or something larger.
Who needs a business plan?
Every business owner needs a business plan. Theyâre an essential tool for any person or entity interested in starting a business . There are many benefits, including:
Defining your business idea
Clarifying the market and competitive landscape
Outlining your marketing strategy
Stating your value proposition
Identifying/anticipating potential risks
Seeking investments from banks and other sources
Setting benchmarks, goals and key performance indicators (KPIs)
A business plan also gives you a way to assess the viability of a business before investing too much time or money into it. While all business involves risk, taking the time to create a plan can help mitigate fallout and avoid potentially costly mistakes.
When creating a business plan, it's important to establish your business goals up front and be prepared to spend time researching the market, performing a competitor analysis and understanding your target market .
Download Wixâs free business plan template
Creating a successful business plan is no easy feat. Thatâs why weâve put together a simple, customizable, and free-to-download business plan template that takes the guesswork out of getting started. Use it to create a new business plan or to refresh an existing one.
Lean startup versus traditional business plan formats
In terms of types of business plans , there are two main formats to choose from: traditional and lean.
Traditional business plan format
A traditional business plan includes every detail and component that defines a business and contributes to its success. It's typically a sizable document of about 30 to 50 pages that includes:
Executive summary: The executive summary contains a high-level overview of everything included in the plan. It generally provides a short explanation of your business and its goals (e.g., your elevator pitch ). Many authors like to write this section last after fleshing out the sections below.
Company description: A company description should include essential details like your business name, the names of your founders, your locations and your companyâs mission statement . Briefly describe your core services (or products if youâre writing an eCommerce business plan ), but don't go into too much detail since youâll elaborate on this in the service/product section. Wix offers some helpful mission statement examples if you get stuck. Itâs also a good idea to create a vision statement . While your mission statement clarifies your companyâs purpose, a vision statement outlines what you want your company to achieve over time.
Market analysis: One of the most extensive sections of the business plan, this section requires that you conduct market research and write your conclusions. Include findings for the following: industry background, a SWOT analysis , barriers/obstacles, target market and your business differentiators.
Organization and management: This is where you outline how your business is structured and who's in charge, including founders, executive team members, board members, employees and key stakeholders. To this end, it can be helpful to create a visual layout (e.g., org chart) to illustrate your company structure.
Service or product line: Create a detailed list of your current and future products and services. If youâre still working on your idea, create a concept statement to describe your idea or product. You should also include a proof of concept (POC), which demonstrates the feasibility of your idea. Wherever applicable, include diagrams, product images and other visual components to illustrate the product life cycle.
Marketing and sales: Detail how your business idea translates into selling and delivering your offerings to potential customers. You can start by outlining your brand identity, which includes the colors and fonts you plan to use, your marketing and advertising strategy, and details about planned consumer touchpoints (like your website, mobile app or physical storefront).
Financial projections and funding requests: Include financial statements, such as a balance sheet, profit-and-loss statement (P&L), cash flow statement and break-even analysis. It's not uncommon for a business plan to include multiple pages of financial projections and information. Youâll also want to mention how much funding you seek and what you plan to do with it. If youâve already secured funding, provide details about your investments.
Lean startup business plan format
A lean startup business planâalso referred to as a âlean canvasââis presented as a problem/solution framework that provides a high-level description of your business idea. A lean plan is a single-page document that provides a basic overview of the most essential aspects of your business. Itâs a good way to dip a toe into business planning since it doesn't require the same level of detail as a traditional plan. This includes:
Problem: What problem does your product or service solve, or what need does it fulfill?
Solution: How do you intend to solve it?
Unique value proposition (UVP): Why should people use your product or service versus someone elseâs?
Unfair advantage: What do you have that other companies donât?
Customers: Who are your ideal customers?
Channels: How will those customers find you?
Key metrics: How do you define success? How will you track and measure it?
Revenue streams: How will your business make money?
Cost structure: What will you spend money on (fixed and variable costs)?
Benefits of a business plan template
Business plan templates offer numerous benefits for entrepreneurs and aspiring business owners. Here are some key advantages:
1. Save time and effort: Templates provide a pre-defined structure, eliminating the need to start from scratch. This frees up valuable time and effort that can be invested in other crucial aspects of business development.
2. Improve structure: Templates ensure a consistent and organized approach to presenting your business plan. This makes it easier for potential investors, lenders and advisors to understand your vision and evaluate the feasibility of your business. 3. Enhance professionalism: Using a well-designed template demonstrates professionalism and seriousness to external stakeholders. This can significantly impact their perception of your business and increase their confidence in your venture. 4. Guide your thought process: Templates act as a helpful framework, prompting you to consider all the key elements of your business plan and ensuring you haven't overlooked any critical areas. 5. Ensure completeness: Templates often include checklists and prompts to ensure you cover all essential information, minimizing the risk of missing crucial details. 6. Standardize formatting: Templates ensure a consistent and uniform appearance throughout your business plan, contributing to a more polished and professional presentation. 7. Access to expert knowledge: Many templates are developed by experienced business professionals or organizations, incorporating best practices and insights gained from successful ventures. 8. Adaptability and customization: While templates offer a basic structure, they can be easily customized to reflect the unique characteristics and needs of your specific business. 9. Cost-effectiveness: Templates are generally available for free or at a low cost, making them an accessible and budget-friendly option for entrepreneurs. 10. Increased success rate: Studies have shown that businesses with well-developed plans are more likely to succeed. Templates can help you create a comprehensive and persuasive plan, increasing your chances of securing funding and achieving your business goals.
Tips for filling out your business plan template
The hardest part of a journey is always the first step, or so the saying goes. Filling out your business plan template can be daunting, but the template itself is meant to get you over that crucial first hurdleâgetting started. Weâve provided some tips aimed at helping you get the most from our template.
These are best practicesâtheyâre not rules. Do what works for you. The main thing to remember is that these tips can help you move more easily through the planning process, so that you can advance onto the next (exciting) step, which is launching your business.
Consider your goals: What is the purpose of your business? Are you looking to expand, launch a new product line or fund a specific project? Identifying your goals helps you prioritize important information in your business plan.
Fill out what you can: You may already have a vagueâor specificâidea of what you want your business to achieve. Go through each section of the template and fill out what you can. We suggest leaving the executive summary blank for now, since it'll be the last thing you write.
Be realistic: Even though this document is meant to serve as a marketing tool for potential investors, don't exaggerate any numbers or make any false promises.
Dig into the research: Nothing's more motivating than getting some intel about your competitors and your market. If you're truly stuck, a little research can help motivate you and provide valuable insight about what direction to take your business. For example, if you plan to start a landscaping business, learn about the specific pricing offered in your area so that you can differentiate your services and potentially offer better options.
Get help from others: Bouncing your ideas off a friend, mentor or advisor is a great way to get feedback and discover approaches or products to incorporate into your plan. Your network can also give you valuable insight about the industry or even about potential customers. Plus, it's nice to be able to talk through the challenges with someone who understands you and your vision.
Revise and review: Once complete, step back from your plan and let it "cook." In a day or two, review your plan and make sure that everything is current. Have other people review it too, since having another set of eyes can help identify areas that may be lacking detail or need further explanation.
Once youâve completed your business plan template, it can become a meaningful resource for developing your mission statement, writing business proposals and planning how to move forward with the marketing, distribution and growth of your products and services.
After launch, you can also analyze your value chain to identify key factors that create value for your customers and maximum profitability for you. This can help you develop a more effective business plan that considers the entire value chain, from research and development to sales and customer support.
Business plan template FAQ
What is the easiest way to write a business plan.
The easiest way to write a business plan is to utilize a template. Templates provide a structured format and guide you through each section, simplifying the process of creating a comprehensive plan.
Is there a template for how to write a business plan?
What are the 7 essential parts of a business plan, related posts.
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24 of My Favorite Sample Business Plans & Examples For Your Inspiration
Published: February 06, 2024
I believe that reading sample business plans is essential when writing your own.
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As you explore business plan examples from real companies and brands, itâs easier for you to learn how to write a good one.
But what does a good business plan look like? And how do you write one thatâs both viable and convincing. Iâll walk you through the ideal business plan format along with some examples to help you get started.
Table of Contents
Business Plan Format
Business plan types, sample business plan templates, top business plan examples.
Ask any successful sports coach how they win so many games, and theyâll tell you they have a unique plan for every single game. To me, the same logic applies to business.
If you want to build a thriving company that can pull ahead of the competition, you need to prepare for battle before breaking into a market.
Business plans guide you along the rocky journey of growing a company. And if your business plan is compelling enough, it can also convince investors to give you funding.
With so much at stake, Iâm sure youâre wondering where to begin.
Free Business Plan Template
The essential document for starting a business -- custom built for your needs.
- Outline your idea.
- Pitch to investors.
- Secure funding.
- Get to work!
You're all set!
Click this link to access this resource at any time.
Fill out the form to get your free template.
First, youâll want to nail down your formatting. Most business plans include the following sections.
1. Executive Summary
Iâd say the executive summary is the most important section of the entire business plan.
Why? Essentially, it's the overview or introduction, written in a way to grab readers' attention and guide them through the rest of the business plan. This is important, because a business plan can be dozens or hundreds of pages long.
There are two main elements Iâd recommend including in your executive summary:
Company Description
This is the perfect space to highlight your companyâs mission statement and goals, a brief overview of your history and leadership, and your top accomplishments as a business.
Tell potential investors who you are and why what you do matters. Naturally, theyâre going to want to know who theyâre getting into business with up front, and this is a great opportunity to showcase your impact.
Need some extra help firming up those business goals? Check out HubSpot Academyâs free course to help you set goals that matter â Iâd highly recommend it
Products and Services
To piggyback off of the company description, be sure to incorporate an overview of your offerings. This doesnât have to be extensive â just another chance to introduce your industry and overall purpose as a business.
In addition to the items above, I recommend including some information about your financial projections and competitive advantage here too.:
Keep in mind you'll cover many of these topics in more detail later on in the business plan. So, keep the executive summary clear and brief, and only include the most important takeaways.
Executive Summary Business Plan Examples
This example was created with HubSpotâs business plan template:
This executive summary is so good to me because it tells potential investors a short story while still covering all of the most important details.
Image Source
Tips for Writing Your Executive Summary
- Start with a strong introduction of your company, showcase your mission and impact, and outline the products and services you provide.
- Clearly define a problem, and explain how your product solves that problem, and show why the market needs your business.
- Be sure to highlight your value proposition, market opportunity, and growth potential.
- Keep it concise and support ideas with data.
- Customize your summary to your audience. For example, emphasize finances and return on investment for venture capitalists.
Check out our tips for writing an effective executive summary for more guidance.
2. Market Opportunity
This is where you'll detail the opportunity in the market.
The main question Iâd ask myself here is this: Where is the gap in the current industry, and how will my product fill that gap?
More specifically, hereâs what Iâd include in this section:
- The size of the market
- Current or potential market share
- Trends in the industry and consumer behavior
- Where the gap is
- What caused the gap
- How you intend to fill it
To get a thorough understanding of the market opportunity, you'll want to conduct a TAM, SAM, and SOM analysis and perform market research on your industry.
You may also benefit from creating a SWOT analysis to get some of the insights for this section.
Market Opportunity Business Plan Example
I like this example because it uses critical data to underline the size of the potential market and what part of that market this service hopes to capture.
Tips for Writing Your Market Opportunity Section
- Focus on demand and potential for growth.
- Use market research, surveys, and industry trend data to support your market forecast and projections.
- Add a review of regulation shifts, tech advances, and consumer behavior changes.
- Refer to reliable sources.
- Showcase how your business can make the most of this opportunity.
3. Competitive Landscape
Since weâre already speaking of market share, you'll also need to create a section that shares details on who the top competitors are.
After all, your customers likely have more than one brand to choose from, and you'll want to understand exactly why they might choose one over another.
My favorite part of performing a competitive analysis is that it can help you uncover:
- Industry trends that other brands may not be utilizing
- Strengths in your competition that may be obstacles to handle
- Weaknesses in your competition that may help you develop selling points
- The unique proposition you bring to the market that may resonate with customers
Competitive Landscape Business Plan Example
I like how the competitive landscape section of this business plan below shows a clear outline of who the top competitors are.
It also highlights specific industry knowledge and the importance of location, which shows useful experience in this specific industry.
This can help build trust in your ability to execute your business plan.
Tips for Writing Your Competitive Landscape
- Complete in-depth research, then emphasize your most important findings.
- Compare your unique selling proposition (USP) to your direct and indirect competitors.
- Show a clear and realistic plan for product and brand differentiation.
- Look for specific advantages and barriers in the competitive landscape. Then, highlight how that information could impact your business.
- Outline growth opportunities from a competitive perspective.
- Add customer feedback and insights to support your competitive analysis.
4. Target Audience
Use this section to describe who your customer segments are in detail. What is the demographic and psychographic information of your audience?
If your immediate answer is "everyone," you'll need to dig deeper. Here are some questions Iâd ask myself here:
- What demographics will most likely need/buy your product or service?
- What are the psychographics of this audience? (Desires, triggering events, etc.)
- Why are your offerings valuable to them?
Iâd also recommend building a buyer persona to get in the mindset of your ideal customers and be clear on why you're targeting them.
Target Audience Business Plan Example
I like the example below because it uses in-depth research to draw conclusions about audience priorities. It also analyzes how to create the right content for this audience.
Tips for Writing Your Target Audience Section
- Include details on the size and growth potential of your target audience.
- Figure out and refine the pain points for your target audience , then show why your product is a useful solution.
- Describe your targeted customer acquisition strategy in detail.
- Share anticipated challenges your business may face in acquiring customers and how you plan to address them.
- Add case studies, testimonials, and other data to support your target audience ideas.
- Remember to consider niche audiences and segments of your target audience in your business plan.
5. Marketing Strategy
Here, you'll discuss how you'll acquire new customers with your marketing strategy. Iâd suggest including information:
- Your brand positioning vision and how you'll cultivate it
- The goal targets you aim to achieve
- The metrics you'll use to measure success
- The channels and distribution tactics you'll use
I think itâs helpful to have a marketing plan built out in advance to make this part of your business plan easier.
Marketing Strategy Business Plan Example
This business plan example includes the marketing strategy for the town of Gawler.
In my opinion, it really works because it offers a comprehensive picture of how they plan to use digital marketing to promote the community.
Tips for Writing Your Marketing Strategy
- Include a section about how you believe your brand vision will appeal to customers.
- Add the budget and resources you'll need to put your plan in place.
- Outline strategies for specific marketing segments.
- Connect strategies to earlier sections like target audience and competitive analysis.
- Review how your marketing strategy will scale with the growth of your business.
- Cover a range of channels and tactics to highlight your ability to adapt your plan in the face of change.
6. Key Features and Benefits
At some point in your business plan, you'll need to review the key features and benefits of your products and/or services.
Laying these out can give readers an idea of how you're positioning yourself in the market and the messaging you're likely to use. It can even help them gain better insight into your business model.
Key Features and Benefits Business Plan Example
In my opinion, the example below does a great job outlining products and services for this business, along with why these qualities will attract the audience.
Tips for Writing Your Key Features and Benefits
- Emphasize why and how your product or service offers value to customers.
- Use metrics and testimonials to support the ideas in this section.
- Talk about how your products and services have the potential to scale.
- Think about including a product roadmap.
- Focus on customer needs, and how the features and benefits you are sharing meet those needs.
- Offer proof of concept for your ideas, like case studies or pilot program feedback.
- Proofread this section carefully, and remove any jargon or complex language.
7. Pricing and Revenue
This is where you'll discuss your cost structure and various revenue streams. Your pricing strategy must be solid enough to turn a profit while staying competitive in the industry.
For this reason, hereâs what Iâd might outline in this section:
- The specific pricing breakdowns per product or service
- Why your pricing is higher or lower than your competition's
- (If higher) Why customers would be willing to pay more
- (If lower) How you're able to offer your products or services at a lower cost
- When you expect to break even, what margins do you expect, etc?
Pricing and Revenue Business Plan Example
I like how this business plan example begins with an overview of the business revenue model, then shows proposed pricing for key products.
Tips for Writing Your Pricing and Revenue Section
- Get specific about your pricing strategy. Specifically, how you connect that strategy to customer needs and product value.
- If you are asking a premium price, share unique features or innovations that justify that price point.
- Show how you plan to communicate pricing to customers.
- Create an overview of every revenue stream for your business and how each stream adds to your business model as a whole.
- Share plans to develop new revenue streams in the future.
- Show how and whether pricing will vary by customer segment and how pricing aligns with marketing strategies.
- Restate your value proposition and explain how it aligns with your revenue model.
8. Financials
To me, this section is particularly informative for investors and leadership teams to figure out funding strategies, investment opportunities, and more.
According to Forbes , you'll want to include three main things:
- Profit/Loss Statement - This answers the question of whether your business is currently profitable.
- Cash Flow Statement - This details exactly how much cash is incoming and outgoing to give insight into how much cash a business has on hand.
- Balance Sheet - This outlines assets, liabilities, and equity, which gives insight into how much a business is worth.
While some business plans might include more or less information, these are the key details Iâd include in this section.
Financials Business Plan Example
This balance sheet is a great example of level of detail youâll need to include in the financials section of your business plan.
Tips for Writing Your Financials Section
- Growth potential is important in this section too. Using your data, create a forecast of financial performance in the next three to five years.
- Include any data that supports your projections to assure investors of the credibility of your proposal.
- Add a break-even analysis to show that your business plan is financially practical. This information can also help you pivot quickly as your business grows.
- Consider adding a section that reviews potential risks and how sensitive your plan is to changes in the market.
- Triple-check all financial information in your plan for accuracy.
- Show how any proposed funding needs align with your plans for growth.
As you create your business plan, keep in mind that each of these sections will be formatted differently. Some may be in paragraph format, while others could be charts or graphs.
The formats above apply to most types of business plans. That said, the format and structure of your plan will vary by your goals for that plan.
So, Iâve added a quick review of different business plan types. For a more detailed overview, check out this post .
1. Startups
Startup business plans are for proposing new business ideas.
If youâre planning to start a small business, preparing a business plan is crucial. The plan should include all the major factors of your business.
You can check out this guide for more detailed business plan inspiration .
2. Feasibility Studies
Feasibility business plans focus on that business's product or service. Feasibility plans are sometimes added to startup business plans. They can also be a new business plan for an already thriving organization.
3. Internal Use
You can use internal business plans to share goals, strategies, or performance updates with stakeholders. In my opinion, internal business plans are useful for alignment and building support for ambitious goals.
4. Strategic Initiatives
Another business plan that's often for sharing internally is a strategic business plan. This plan covers long-term business objectives that might not have been included in the startup business plan.
5. Business Acquisition or Repositioning
When a business is moving forward with an acquisition or repositioning, it may need extra structure and support. These types of business plans expand on a company's acquisition or repositioning strategy.
Growth sometimes just happens as a business continues operations. But more often, a business needs to create a structure with specific targets to meet set goals for expansion. This business plan type can help a business focus on short-term growth goals and align resources with those goals.
Now that you know what's included and how to format a business plan, let's review some of my favorite templates.
1. HubSpot's One-Page Business Plan
Download a free, editable one-page business plan template..
The business plan linked above was created here at HubSpot and is perfect for businesses of any size â no matter how many strategies we still have to develop.
Fields such as Company Description, Required Funding, and Implementation Timeline give this one-page business plan a framework for how to build your brand and what tasks to keep track of as you grow.
Then, as the business matures, you can expand on your original business plan with a new iteration of the above document.
Why I Like It
This one-page business plan is a fantastic choice for the new business owner who doesnât have the time or resources to draft a full-blown business plan. It includes all the essential sections in an accessible, bullet-point-friendly format. That way, you can get the broad strokes down before honing in on the details.
2. HubSpot's Downloadable Business Plan Template
We also created a business plan template for entrepreneurs.
The template is designed as a guide and checklist for starting your own business. Youâll learn what to include in each section of your business plan and how to do it.
Thereâs also a list for you to check off when you finish each section of your business plan.
Strong game plans help coaches win games and help businesses rocket to the top of their industries. So if you dedicate the time and effort required to write a workable and convincing business plan, youâll boost your chances of success and even dominance in your market.
This business plan kit is essential for the budding entrepreneur who needs a more extensive document to share with investors and other stakeholders.
It not only includes sections for your executive summary, product line, market analysis, marketing plan, and sales plan, but it also offers hands-on guidance for filling out those sections.
3. LiveFlowâs Financial Planning Template with built-in automation
This free template from LiveFlow aims to make it easy for businesses to create a financial plan and track their progress on a monthly basis.
The P&L Budget versus Actual format allows users to track their revenue, cost of sales, operating expenses, operating profit margin, net profit, and more.
The summary dashboard aggregates all of the data put into the financial plan sheet and will automatically update when changes are made.
Instead of wasting hours manually importing your data to your spreadsheet, LiveFlow can also help you to automatically connect your accounting and banking data directly to your spreadsheet, so your numbers are always up-to-date.
With the dashboard, you can view your runway, cash balance, burn rate, gross margins, and other metrics. Having a simple way to track everything in one place will make it easier to complete the financials section of your business plan.
This is a fantastic template to track performance and alignment internally and to create a dependable process for documenting financial information across the business. Itâs highly versatile and beginner-friendly.
Itâs especially useful if you donât have an accountant on the team. (I always recommend you do, but for new businesses, having one might not be possible.)
4. ThoughtCoâs Sample Business Plan
One of the more financially oriented sample business plans in this list, BPlanâs free business plan template dedicates many of its pages to your businessâs financial plan and financial statements.
After filling this business plan out, your company will truly understand its financial health and the steps you need to take to maintain or improve it.
I absolutely love this business plan template because of its ease-of-use and hands-on instructions (in addition to its finance-centric components). If you feel overwhelmed by the thought of writing an entire business plan, consider using this template to help you with the process.
6. Harvard Business Reviewâs "How to Write a Winning Business Plan"
Most sample business plans teach you what to include in your business plan, but this Harvard Business Review article will take your business plan to the next level â it teaches you the why and how behind writing a business plan.
With the guidance of Stanley Rich and Richard Gumpert, co-authors of " Business Plans That Win: Lessons From the MIT Enterprise Forum ", you'll learn how to write a convincing business plan that emphasizes the market demand for your product or service.
Youâll also learn the financial benefits investors can reap from putting money into your venture rather than trying to sell them on how great your product or service is.
This business plan guide focuses less on the individual parts of a business plan, and more on the overarching goal of writing one. For that reason, itâs one of my favorites to supplement any template you choose to use. Harvard Business Reviewâs guide is instrumental for both new and seasoned business owners.
7. HubSpotâs Complete Guide to Starting a Business
If youâre an entrepreneur, you know writing a business plan is one of the most challenging first steps to starting a business.
Fortunately, with HubSpot's comprehensive guide to starting a business, you'll learn how to map out all the details by understanding what to include in your business plan and why itâs important to include them. The guide also fleshes out an entire sample business plan for you.
If you need further guidance on starting a business, HubSpot's guide can teach you how to make your business legal, choose and register your business name, and fund your business. It will also give small business tax information and includes marketing, sales, and service tips.
This comprehensive guide will walk you through the process of starting a business, in addition to writing your business plan, with a high level of exactitude and detail. So if youâre in the midst of starting your business, this is an excellent guide for you.
It also offers other resources you might need, such as market analysis templates.
8. Panda Docâs Free Business Plan Template
PandaDocâs free business plan template is one of the more detailed and fleshed-out sample business plans on this list. It describes what you should include in each section, so you don't have to come up with everything from scratch.
Once you fill it out, youâll fully understand your businessâ nitty-gritty details and how all of its moving parts should work together to contribute to its success.
This template has two things I love: comprehensiveness and in-depth instructions. Plus, itâs synced with PandaDocâs e-signature software so that you and other stakeholders can sign it with ease. For that reason, I especially love it for those starting a business with a partner or with a board of directors.
9. Small Business Administration Free Business Plan Template
The Small Business Administration (SBA) offers several free business plan templates that can be used to inspire your own plan.
Before you get started, you can decide what type of business plan you need â a traditional or lean start-up plan.
Then, you can review the format for both of those plans and view examples of what they might look like.
We love both of the SBAâs templates because of their versatility. You can choose between two options and use the existing content in the templates to flesh out your own plan. Plus, if needed, you can get a free business counselor to help you along the way.
Iâve compiled some completed business plan samples to help you get an idea of how to customize a plan for your business.
I chose different types of business plan ideas to expand your imagination. Some are extensive, while others are fairly simple.
Letâs take a look.
1. LiveFlow
One of the major business expenses is marketing. How you handle your marketing reflects your companyâs revenue.
I included this business plan to show you how you can ensure your marketing team is aligned with your overall business plan to get results. The plan also shows you how to track even the smallest metrics of your campaigns, like ROI and payback periods instead of just focusing on big metrics like gross and revenue.
Fintech startup, LiveFlow, allows users to sync real-time data from its accounting services, payment platforms, and banks into custom reports. This eliminates the task of pulling reports together manually, saving teams time and helping automate workflows.
"Using this framework over a traditional marketing plan will help you set a profitable marketing strategy taking things like CAC, LTV, Payback period, and P&L into consideration," explains LiveFlow co-founder, Lasse Kalkar .
When it came to including marketing strategy in its business plan, LiveFlow created a separate marketing profit and loss statement (P&L) to track how well the company was doing with its marketing initiatives.
This is a great approach, allowing businesses to focus on where their marketing dollars are making the most impact. Having this information handy will enable you to build out your business planâs marketing section with confidence. LiveFlow has shared the template here . You can test it for yourself.
2. Lula Body
Sometimes all you need is a solid mission statement and core values to guide you on how to go about everything. You do this by creating a business plan revolving around how to fulfill your statement best.
For example, Patagonia is an eco-friendly company, so their plan discusses how to make the best environmentally friendly products without causing harm.
A good mission statement should not only resonate with consumers but should also serve as a core value compass for employees as well.
Patagonia has one of the most compelling mission statements Iâve seen:
"Together, letâs prioritise purpose over profit and protect this wondrous planet, our only home."
It reels you in from the start, and the environmentally friendly theme continues throughout the rest of the statement.
This mission goes on to explain that they are out to "Build the best product, cause no unnecessary harm, and use business to protect nature."
Their mission statement is compelling and detailed, with each section outlining how they will accomplish their goal.
4. Vesta Home Automation
This executive summary for a smart home device startup is part of a business plan created by students at Mount Royal University .
While it lacks some of the sleek visuals of the templates above, its executive summary does a great job of demonstrating how invested they are in the business.
Right away, they mention theyâve invested $200,000 into the company already, which shows investors they have skin in the game and arenât just looking for someone else to foot the bill.
This is the kind of business plan you need when applying for business funds. It clearly illustrates the expected future of the company and how the business has been coming along over the years.
5. NALB Creative Center
This fictional business plan for an art supply store includes everything one might need in a business plan: an executive summary, a company summary, a list of services, a market analysis summary, and more.
One of its most notable sections is its market analysis summary, which includes an overview of the population growth in the businessâ target geographical area, as well as a breakdown of the types of potential customers they expect to welcome at the store.
This sort of granular insight is essential for understanding and communicating your businessâs growth potential. Plus, it lays a strong foundation for creating relevant and useful buyer personas .
Itâs essential to keep this information up-to-date as your market and target buyer changes. For that reason, you should carry out market research as often as possible to ensure that youâre targeting the correct audience and sharing accurate information with your investors.
Due to its comprehensiveness, itâs an excellent example to follow if youâre opening a brick-and-mortar store and need to get external funding to start your business .
6. Curriculum Companion Suites (CSS)
If youâre looking for a SaaS business plan example, look no further than this business plan for a fictional educational software company called Curriculum Companion Suites.
Like the business plan for the NALB Creative Center, it includes plenty of information for prospective investors and other key stakeholders in the business.
One of the most notable features of this business plan is the executive summary, which includes an overview of the product, market, and mission.
The first two are essential for software companies because the product offering is so often at the forefront of the companyâs strategy. Without that information being immediately available to investors and executives, then you risk writing an unfocused business plan.
Itâs essential to front-load your companyâs mission if it explains your "Why?" and this example does just that. In other words, why do you do what you do, and why should stakeholders care? This is an important section to include if you feel that your mission will drive interest in the business and its offerings.
7. Culina Sample Business Plan
Culina's sample business plan is an excellent example of how to lay out your business plan so that it flows naturally, engages readers, and provides the critical information investors and stakeholders need.
You can use this template as a guide while you're gathering important information for your own business plan. You'll have a better understanding of the data and research you need to do since Culinaâs plan outlines these details so flawlessly for inspiration.
8. Plum Sample Business Plan
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10 Free Business Plan Templates in Word, Excel, & ClickUp
Praburam Srinivasan
Growth Marketing Manager
February 13, 2024
Turning your vision into a clear and coherent business plan can be confusing and tough.Â
Hours of brainstorming and facing an intimidating blank page can raise more questions than answers. Are you covering everything? What should go where? How do you keep each section thorough but brief?
If these questions have kept you up at night and slowed your progress, know youâre not alone. Thatâs why weâve put together the top 10 business plan templates in Word, Excel, and ClickUpâto provide answers, clarity, and a structured framework to work with. This way, youâre sure to capture all the relevant information without wasting time.Â
And the best part? Business planning becomes a little less âugh!â and a lot more âaha!â đ¤Š
What is a Business Plan Template?
What makes a good business plan template, 1. clickup business plan template, 2. clickup sales plan template, 3. clickup business development action plan template, 4. clickup business roadmap template, 5. clickup business continuity plan template, 6. clickup lean business plan template, 7. clickup small business action plan template, 8. clickup strategic business roadmap template , 9. microsoft word business plan template by microsoft, 10. excel business plan template by vertex42.
A business plan template is a structured framework for entrepreneurs and business executives who want to create business plans. It comes with pre-arranged sections and headings that cover key elements like the executive summary , business overview, target customers, unique value proposition, marketing plans, and financial statements. Â
A good business plan template helps with thorough planning, clear documentation, and practical implementation. Hereâs what to look for:
- Comprehensive structure: A good template comes with all the relevant sections to outline a business strategy, such as executive summary, market research and analysis, and financial projectionsÂ
- Clarity and guidance: A good template is easy to follow. It has brief instructions or prompts for each section, guiding you to think deeply about your business and ensuring you donât skip important details
- Clean design: Aesthetics matter. Choose a template thatâs not just functional but also professionally designed. This ensures your plan is presentable to stakeholders, partners, and potential investors
- Flexibility : Your template should easily accommodate changes without hassle, like adding or removing sections, changing content and style, and rearranging parts đ ď¸Â
While a template provides the structure, itâs the information you feed it that brings it to life. These pointers will help you pick a template that aligns with your business needs and clearly showcases your vision.
10 Business Plan Templates to Use in 2024
Preparing for business success in 2024 (and beyond) requires a comprehensive and organized business plan. Weâve handpicked the best templates to help you guide your team, attract investors, and secure funding. Letâs check them out.
If youâre looking to replace a traditional business plan document, then ClickUpâs Business Plan Template is for you!
This one-page business plan template, designed in ClickUp Docs , is neatly broken down into the following sections:
- Company description : Overview, mission, vision, and team
- Market analysis : Problem, solution, target market, competition, and competitive advantage
- Sales and marketing strategy : Products/services and marketing channels
- Operational plan : Location and facilities, equipment and tools, manpower, and financial forecasts
- Milestones and metrics: Targets and KPIs
Customize the template with your company logo and contact details, and easily navigate to different sections using the collapsible table of contents. The mini prompts under each section guide you on what to includeâwith suggestions on how to present the data (e.g., bullet lists, pictures, charts, and tables).Â
You can share the document with anyone via URL and collaborate in real time. And when the business plan is ready, you have the option to print it or export it to PDF, HTML, or Markdown.
But thatâs not all. This template is equipped with basic and enterprise project management features to streamline the business plan creation process . The Topics List view has a list of all the different sections and subsections of the template and allows you to assign it to a team member, set a due date, and attach relevant documents and references.
Switch from List to Board view to track and update task statuses according to the following: To Do, In Progress, Needs Revision, and Complete.Â
This template is a comprehensive toolkit for documenting the different sections of your business plan and streamlining the creation process to ensure itâs completed on time. đď¸
If youâre looking for a tool to kickstart or update your sales plan, ClickUpâs Sales Plan Template has got you covered. This sales plan template features a project summary list with tasks to help you craft a comprehensive and effective sales strategy. Some of these tasks include:
- Determine sales objectives and goals
- Draft positioning statement
- Perform competitive analysis
- Draft ideal customer persona
- Create a lead generation strategy
Assign each task to a specific individual or team, set priority levels , and add due dates. Specify what section of the sales plan each task belongs to (e.g., executive summary, revenue goals, team structure, etc.), deliverable type (such as document, task, or meeting), and approval state (like pending, needs revisions, and approved).
And in ClickUp style, you can switch to multiple views: List for a list of all tasks, Board for visual task management, Timeline for an overview of task durations, and Gantt to get a view of task dependencies.Â
This simple business plan template is perfect for any type of business looking to create a winning sales strategy while clarifying team roles and keeping tasks organized. â¨
Thinking about scaling your businessâs reach and operations but unsure where or how to start? It can be overwhelming, no doubtâyou need a clear vision, measurable goals, and an actionable plan that every member of your team can rally behind.Â
Thankfully, ClickUpâs Business Development Action Plan Template is designed to use automations to simplify this process so every step toward your business growth is clear, trackable, and actionable.
Start by assessing your current situation and deciding on your main growth goal. Are you aiming to increase revenue, tap into new markets, or introduce new products or services? With ClickUp Whiteboards or Docs, brainstorm and collaborate with your team on this decision.
Set and track your short- and long-term growth goals with ClickUpâs Goals , break them down into smaller targets, and assign these targets to team members, complete with due dates. Add these targets to a new ClickUp Dashboard to track real-time progress and celebrate small wins. đ
Whether youâre a startup or small business owner looking to hit your next major milestone or an established business exploring new avenues, this template keeps your team aligned, engaged, and informed every step of the way.
ClickUpâs Business Roadmap Template is your go-to for mapping out major strategies and initiatives in areas like revenue growth, brand awareness, community engagement, and customer satisfaction.Â
Use the List view to populate tasks under each initiative. With Custom Fields, you can capture which business category (e.g., Product, Operations, Sales & Marketing, etc.) tasks fall under and which quarter theyâre slated for. You can also link to relevant documents and resources and evaluate tasks by effort and impact to ensure the most critical tasks get the attention they deserve. đ
Depending on your focus, this template provides different views to show just what you need. For example, the All Initiatives per Quarter view lets you focus on whatâs ahead by seeing tasks that need completion within a specific quarter. This ensures timely execution and helps in aligning resources effectively for the short term.
This template is ideal for business executives and management teams who need to coordinate multiple short- and long-term initiatives and business strategies.
In business, unexpected threats to operations can arise at any moment. Whether itâs economic turbulence, a global health crisis, or supply chain interruptions, every company needs to be ready. ClickUpâs Business Continuity Plan Template lets you prepare proactively for these unforeseen challenges.
The template organizes tasks into three main categories:
- Priorities: Tasks that need immediate attention
- Continuity coverage: Tasks that must continue despite challenges
- Guiding principles: Resources and protocols to ensure smooth operations
The Board view makes it easy to visualize all the tasks under each of these categories. And the Priorities List sorts tasks by those that are overdue, the upcoming ones, and then the ones due later.
In times of uncertainty, being prepared is your best strategy. This template helps your business not just survive but thrive in challenging situations, keeping your customers, employees, and investors satisfied. đ¤
Looking to execute your business plan the âleanâ way? Use ClickUpâs Lean Business Plan Template . Itâs designed to help you optimize resource usage and cut unnecessary stepsâgiving you better results with less effort.
In the Plan Summary List view, list all the tasks that need to get done. Add specific details like whoâs doing each task, when itâs due, and which part of the Business Model Canvas (BMC) it falls under. The By Priority view sorts this list based on priorities like Urgent, High, Normal, and Low. This makes it easy to spot the most important tasks and tackle them first.
Additionally, the Board view gives you an overview of task progression from start to finish. And the BMC view rearranges these tasks based on the various BMC components.Â
Each task can further be broken down into subtasks and multiple checklists to ensure all related action items are executed. âď¸
This template is an invaluable resource for startups and large enterprises looking to maximize process efficiencies and results in a streamlined and cost-effective way.
The Small Business Action Plan Template by ClickUp is tailor-made for small businesses looking to transform their business ideas and goals into actionable steps and, eventually, into reality.Â
It provides a simple and organized framework for creating, assigning, prioritizing, and tracking tasks. And in effect, it ensures that goals are not just set but achieved. Through the native dashboard and goal-setting features, you can monitor task progress and how they move you closer to achieving your goals.
Thanks to ClickUpâs robust communication features like chat, comments, and @mentions, itâs easy to get every team member on the same page and quickly address questions or concerns.
Use this action plan template to hit your business goals by streamlining your internal processes and aligning team efforts.
For larger businesses and scaling enterprises, getting different departments to work together toward a big goal can be challenging. The ClickUp Strategic Business Roadmap Template makes it easier by giving you a clear plan to follow.
This template is packaged in a folder and split into different lists for each department in your business, like Sales, Product, Marketing, and Enablement. This way, every team can focus on their tasks while collectively contributing to the bigger goal.
There are multiple viewing options available for team members. These include:
- Progress Board: Visualize tasks that are on track, those at risk, and those behind
- Gantt view: Get an overview of project timelines and dependencies
- Team view: See what each team member is working on so you can balance workloads for maximum productivity
While this template may feel overwhelming at first, the getting started guide offers a step-by-step breakdown to help you navigate it with ease. And like all ClickUp templates, you can easily customize it to suit your business needs and preferences.
Microsoftâs 20-page traditional business plan template simplifies the process of drafting comprehensive business plans. Itâs made up of different sections, including:
- Executive summary : Highlights, objectives, mission statement, and keys to success
- Description of business: Company ownership and legal structure, hours of operation, products and services, suppliers, financial plans, etc.
- Marketing: Market analysis, market segmentation, competition, and pricing
- Appendix: Start-up expenses, cash flow statements, income statements, sales forecast, milestones, break-even analysis, etc.
The table of contents makes it easy to move to different sections of the document. And the text placeholders under each section provide clarity on the specific details requiredâmaking the process easier for users who may not be familiar with certain business terminology.
No business template roundup is complete without an Excel template. This business plan template lets you work on your business financials in Excel. It comes with customizable tables, formulas, and charts to help you look at the following areas:
- Highlight charts
- Market analysis
- Start-up assets and expenses
- Sales forecasts
- Profit and loss
- Balance sheet
- Cash flow projections
- Break-even analysis
This Excel template is especially useful when you want to create a clear and visual financial section for your business plan documentâan essential element for attracting investors and lenders. However, there might be a steep learning curve to using this template if youâre not familiar with business financial planning and using Excel.
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Launching and running a successful business requires a well-thought-out and carefully crafted business plan. However, the business planning process doesnât have to be complicated, boring, or take up too much time. Use any of the above 10 free business plan formats to simplify and speed up the process.
ClickUp templates go beyond offering a solid foundation to build your business plans. They come with extensive project management features to turn your vision into reality. And thatâs not allâ ClickUpâs template library offers over 1,000 additional templates to help manage various aspects of your business, from decision-making to product development to resource management .
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Powerful business plan templates
Plan for the future, no matter what your business plans are or the size of your business with these designs and templates. whether it's just one big project or an entire organization's worth of dreams, these templates will keep you and your company on track from ideation to completion..
Put your ideas to work with simple templates for every business plan
Every successful business took a lot of planning to get there, and these templates will be cornerstones of your future success. Whether you're looking to attract new business, pitch your services or reimagine your company, with these simple, customizable templates at your fingertips you can turn complexity into something tangible. These templates can become marketing assets or simply remain internal touchpoints for your team. And as your dreams change, you'll always have this template to refer to â it's easy to change what exists on paper. If you're a small business, focusing on your niche can help you dominate in your field, and you can forge a plan to figure out exactly what that niche might be and how to target your ideal customer . When it's time to share your vision with stakeholders, craft a presentation that outlines your plan succinctly and with style. Let these templates from Microsoft Designer be your partner in business strategy for years to come.
Free Business Plan Templates in Excel
By Joe Weller | September 27, 2020
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In this article, weâve rounded up an extensive list of free business plan templates and samples for organizations of all sizes. You can download all of the plans in Excel.Â
Included on this page, youâll find business plan templates in Excel , business plan checklists in Excel , business plan financial templates in Excel , and more.
Business Plan Templates in Excel
These Excel business plan templates are designed to guide you through each step of a well-rounded strategy that supports your marketing, sales, financial, and operational goals.
Business Plan Template in Excel
This Excel business plan template has all the traditional components of a standard business plan, with each section divided into tabs. This template includes space to provide the executive summary, target audience characteristics, product or service offering details, marketing strategies, and more. The plan also offers built-in formulas to complete calculations for sales forecasting, financial statements, and key business ratios.
Download Business Plan Template
Excel | Smartsheet
One-Page Business Plan in Excel
To check the feasibility of your business concept, use this single-page business plan template. The template allows you to jot down the core details related to your idea. This template also includes room for you to provide concise information about what you do, how you do it, why you do it, who your idea serves, your competitive advantage, your marketing strategies, and your success factors. At the bottom of this one-page plan, youâll find a table to conduct a SWOT (strengths, weaknesses, opportunities, and threats) analysis. Find more downloadable single-page plans and examples at â One-Page Business Plan Templates with a Quick How-To Guide .â
Download One-Page Business Plan
Excel | Word | PDF | Smartsheet
Sample 30-60-90-Day Business Plan for Startup in Excel
This 90-day business plan is designed for startup companies to develop a 90-day action plan. This template gives you room to outline the following: main goals and deliverables for each 30-day increment; key business activities; task ownership; and deadlines. This template also includes a built-in Gantt chart that adjusts as you enter dates. Visit â 30-60-90-Day Business Plan Templates and Samples â to download more free plans.
Download 30-60-90-Day Business Plan for Startup
For more free business plans in a wider variety of formats, visit â Simple Business Plan Templates .â
Business Plan Checklists in Excel
These business plan checklists are useful for freelancers, entrepreneurs, and business owners who want to organize and track the progress of key business activities.
Business Planning Checklist with Timeline in Excel
Use this checklist to keep your business planning efforts on track. This template enables you to add tasks according to each phase of your plan, assign an owner to each task, and enter the respective start and end dates. The checklist also enables you to create and color-code a visual timeline when you highlight the start and end dates for each task.
Download Business Planning Checklist with Timeline Template
Business Plan Checklist with SWOT Analysis in Excel
Use this business plan checklist to develop and organize your strategic plan. Add the name of the business activity, along with its status, due date, and pertinent notes. This template also includes a separate tab with a SWOT analysis matrix, so you can evaluate and prioritize your companyâs strengths, weaknesses, opportunities, and threats.
Download Business Plan Checklist with SWOT Analysis - Excel
Business Startup Checklist in Excel
This checklist template is ideal for startup organizations. It allows you to list and categorize key tasks that you need to complete, including items related to research, strategic relationships, finance, development, and more. Check off each task upon completion to ensure you havenât missed or overlooked any important business activities. Find additional resources by visiting â Free Startup Plan, Budget & Cost Templates .â
âDownload Business Startup Checklist Template
Business Plan Financial Templates in Excel
Use these customizable templates to develop your organizationâs financial plan.
Business Startup Costs Template in Excel
Use this template to estimate and track your startup and operational costs. This template gives you room to list line items for both funding and expenses; you can automatically calculate totals using the built-in formulas. To avoid overspending, compare budgeted amounts against actual amounts to determine where you can cut costs or find additional funding.
Download Business Startup Costs Template
Small-Business Budget Template in Excel
This simple business budget template is designed with small businesses in mind. The template helps you track the income and expenses that you accrue on a monthly and yearly basis. To log your cash balances and transactions for a given time frame, use the tab for cash flow recording.
Download Small-Business Budget Template - Excel
Startup Financial Statement Projections Template
This financial statement projections template includes a detailed profit and loss statement (or income statement), a balance sheet with business ratios, and a cash flow statement to analyze your companyâs current and future financial position. This template also comes with built-in formulas, so you can calculate totals as you enter values and customize your statement to fit the needs of your business.
â Download Startup Financial Statement Projections Template
For additional templates to help you produce a sound financial plan, visit â Free Financial Templates for a Business Plan .â
Business Plan Marketing and Sales Templates in Excel
Use these downloadable templates to support and reinforce the marketing and sales objectives in your business plan.
Sales Forecast Template in Excel
This sales forecast template allows you to view the projected sales of your products or services at both individual and combined levels over a 12-month period. You can organize this template by department, product group, customer type, and other helpful categories. The template has built-in formulas to calculate monthly and yearly sales totals. For additional resources to project sales, visit â Free Sales Forecasting Templates .â
Download Sales Forecast Template
Marketing Budget Plan in Excel
This marketing budget plan template helps you organize and plan your campaign costs for key marketing activities, such as market research, advertising, content marketing , and public relations. Enter the projected quantity and cost under each campaign category; the built-in formulas enable you to calculate projected subtotals automatically. This template also includes a graph that auto-populates as you enter values, so you can see where your marketing dollars are going.
Download Marketing Budget Plan Template
Other Business Plans in Excel
Use these business plan templates to conduct analyses and develop a plan of action that aligns your strategy with your main business objectives.
Business Action Plan Template in Excel
Use this basic action plan template to develop a roadmap for reaching your goals. Add a description of each action item, assign the responsible party, and list the required resources, potential hazards, key dates, and desired outcome. You can use this template to develop an action plan for marketing, sales, program development, and more.Â
Download Business Action Plan Template
Business Plan Rubric in Excel
Once you complete your business plan, use this rubric template to score each section to ensure you include all the essential information. You can customize this rubric to fit the needs of your organization and provide insight into the areas of your plan where you want to delve more deeply or remove unnecessary details. By following these steps, you can make certain that your final business plan is clear, concise, and thorough.
Download Simple Business Plan Rubric
Competitive Analysis Template in Excel
This template enables you to analyze the competitive landscape and industry for your business. By providing details related to your company and competitors, you can assess and compare all key areas, including the target market, marketing strategies, product or service offerings, distribution channels, and more.
Download Competitive Analysis Template
Excel  | Smartsheet
For additional free templates for all aspects of your business, visit â Free Business Templates for Organizations of All Sizes .â
Turbo-Charge Your Business Plans with Templates from Smartsheet
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What Is a Business Plan?
Understanding business plans, how to write a business plan, common elements of a business plan, how often should a business plan be updated, the bottom line, business plan: what it is, what's included, and how to write one.
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master's in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.
A business plan is a document that details a company's goals and how it intends to achieve them. Business plans can be of benefit to both startups and well-established companies. For startups, a business plan can be essential for winning over potential lenders and investors. Established businesses can find one useful for staying on track and not losing sight of their goals. This article explains what an effective business plan needs to include and how to write one.
Key Takeaways
- A business plan is a document describing a company's business activities and how it plans to achieve its goals.
- Startup companies use business plans to get off the ground and attract outside investors.
- For established companies, a business plan can help keep the executive team focused on and working toward the company's short- and long-term objectives.
- There is no single format that a business plan must follow, but there are certain key elements that most companies will want to include.
Investopedia / Ryan Oakley
Any new business should have a business plan in place prior to beginning operations. In fact, banks and venture capital firms often want to see a business plan before they'll consider making a loan or providing capital to new businesses.
Even if a business isn't looking to raise additional money, a business plan can help it focus on its goals. A 2017 Harvard Business Review article reported that, "Entrepreneurs who write formal plans are 16% more likely to achieve viability than the otherwise identical nonplanning entrepreneurs."
Ideally, a business plan should be reviewed and updated periodically to reflect any goals that have been achieved or that may have changed. An established business that has decided to move in a new direction might create an entirely new business plan for itself.
There are numerous benefits to creating (and sticking to) a well-conceived business plan. These include being able to think through ideas before investing too much money in them and highlighting any potential obstacles to success. A company might also share its business plan with trusted outsiders to get their objective feedback. In addition, a business plan can help keep a company's executive team on the same page about strategic action items and priorities.
Business plans, even among competitors in the same industry, are rarely identical. However, they often have some of the same basic elements, as we describe below.
While it's a good idea to provide as much detail as necessary, it's also important that a business plan be concise enough to hold a reader's attention to the end.
While there are any number of templates that you can use to write a business plan, it's best to try to avoid producing a generic-looking one. Let your plan reflect the unique personality of your business.
Many business plans use some combination of the sections below, with varying levels of detail, depending on the company.
The length of a business plan can vary greatly from business to business. Regardless, it's best to fit the basic information into a 15- to 25-page document. Other crucial elements that take up a lot of spaceâsuch as applications for patentsâcan be referenced in the main document and attached as appendices.
These are some of the most common elements in many business plans:
- Executive summary: This section introduces the company and includes its mission statement along with relevant information about the company's leadership, employees, operations, and locations.
- Products and services: Here, the company should describe the products and services it offers or plans to introduce. That might include details on pricing, product lifespan, and unique benefits to the consumer. Other factors that could go into this section include production and manufacturing processes, any relevant patents the company may have, as well as proprietary technology . Information about research and development (R&D) can also be included here.
- Market analysis: A company needs to have a good handle on the current state of its industry and the existing competition. This section should explain where the company fits in, what types of customers it plans to target, and how easy or difficult it may be to take market share from incumbents.
- Marketing strategy: This section can describe how the company plans to attract and keep customers, including any anticipated advertising and marketing campaigns. It should also describe the distribution channel or channels it will use to get its products or services to consumers.
- Financial plans and projections: Established businesses can include financial statements, balance sheets, and other relevant financial information. New businesses can provide financial targets and estimates for the first few years. Your plan might also include any funding requests you're making.
The best business plans aren't generic ones created from easily accessed templates. A company should aim to entice readers with a plan that demonstrates its uniqueness and potential for success.
2 Types of Business Plans
Business plans can take many forms, but they are sometimes divided into two basic categories: traditional and lean startup. According to the U.S. Small Business Administration (SBA) , the traditional business plan is the more common of the two.
- Traditional business plans : These plans tend to be much longer than lean startup plans and contain considerably more detail. As a result they require more work on the part of the business, but they can also be more persuasive (and reassuring) to potential investors.
- Lean startup business plans : These use an abbreviated structure that highlights key elements. These business plans are shortâas short as one pageâand provide only the most basic detail. If a company wants to use this kind of plan, it should be prepared to provide more detail if an investor or a lender requests it.
Why Do Business Plans Fail?
A business plan is not a surefire recipe for success. The plan may have been unrealistic in its assumptions and projections to begin with. Markets and the overall economy might change in ways that couldn't have been foreseen. A competitor might introduce a revolutionary new product or service. All of this calls for building some flexibility into your plan, so you can pivot to a new course if needed.
How frequently a business plan needs to be revised will depend on the nature of the business. A well-established business might want to review its plan once a year and make changes if necessary. A new or fast-growing business in a fiercely competitive market might want to revise it more often, such as quarterly.
Create your Europass CV
The Europass CV builder makes it easy to create your CV online. You can use it to apply for a job, education or training opportunities as well as volunteering.
The best-known CV format in Europe
The Europass CV is one of the best-known CV formats in Europe. It is easy-to-use and familiar to employers and education institutions.
You will first have to create your Europass profile with information on your education, training, work experience and skills. After you complete your Europass profile, you can create as many CVs as you want with just a few clicks. Just select which information you want to include, pick your favourite design and Europass will do the rest.
You can create, store and share CVs in 31 languages . You can download your Europass CV, store it in your Europass Library share it with employers, with EURES or other job boards.
How to create a good CV
Remember that your CV is your first opportunity to communicate your skills and experiences to a future employer. It is a snapshot of who you are, your skills, your educational background, work experiences and other achievements.
Present your experience clearly
Highlight examples of your skills and experiences matching the job you are applying for. Pay close attention to the details published in the vacancy notice.
Tailor your CV
Make sure you update the âAbout Meâ section to highlight why you are the best person for the job. Do not include a full detailed history. Focus on facts and main points that match the job you have in mind.
Make it readable
Make sure your CV is easy to read. Use clear and simple language. Use strong verbs (e.g. âmanagedâ, âdevelopedâ, âincreasedâ).
Use reverse chronological order
Always list the most recent experience on the top followed by previous ones. In case of long gaps in working or learning, include an explanation.
Polish and fine-tune
Check for spelling and grammar mistakes, provide a professional e-mail address, and add a professional photograph of yourself.
Your Europass profile
Your Europass profile is the place to keep a record of all your skills, qualifications and experiences. If you keep your Europass profile up-to-date then you will always have all the information you need to create tailored CVs and job applications quickly.
Good luck with your applications!
Find support through EU services
Eures the european job mobility portal, working abroad in other eu countries, education and training in other eu countries, you may be interested to read.
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COMMENTS
A faster way to plan. LivePlan is the #1 planning tool for over 1 million businesses. Create your business plan. Download a free business plan template in Google Doc, Microsoft Word, and PDF formats. Includes expert guidance to help fill out each section.
A collection of professionally designed Business Plans templates available for Word, PDF, and Excel. Download, customize, and send in minutes. ... English: Select a language ... these business plan templates will help you define your mission and sell your vision. Download free templates Featured business templates. Agendas & Schedules Weekly ...
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Our simple business plan template covers everything you need to consider when launching a side gig, solo operation or small busi ... Krista holds a bachelor's degree in English from The University ...
This depends on the kind of business plan you need to write and how you intend to use the plan that you create. For example, a plan for a small business seeking potential investors or a business loan will need to provide income statements, cash flow statements, and a balance sheet (usually for a three-year or five-year forecast period).
For templates tailored to more specific needs, visit this business plan template roundup or download a fill-in-the-blank business plan template to make things easy. If you are looking for a particular template by file type, visit our pages dedicated exclusively to Microsoft Excel , Microsoft Word , and Adobe PDF business plan templates.
Download Simple Small-Business Plan Template. Word | PDF. This template walks you through each component of a small-business plan, including the company background, the introduction of the management team, market analysis, product or service offerings, a financial plan, and more. This template also comes with a built-in table of contents to ...
Using Asana's free business plan template is simple. Start by creating a new project with our free template. From there, add relevant information for your specific business plan in the sections provided in our template. If there's more information you want to include in your business plan, you're free to add sections, custom fields, or ...
Download Wix's free business plan template. Creating a successful business plan is no easy feat. That's why we've put together a simple, customizable, and free-to-download business plan template that takes the guesswork out of getting started. Use it to create a new business plan or to refresh an existing one.
Describe Your Services or Products. The business plan should have a section that explains the services or products that you're offering. This is the part where you can also describe how they fit ...
8. Panda Doc's Free Business Plan Template. PandaDoc's free business plan template is one of the more detailed and fleshed-out sample business plans on this list. It describes what you should include in each section, so you don't have to come up with everything from scratch.
In times of uncertainty, being prepared is your best strategy. This template helps your business not just survive but thrive in challenging situations, keeping your customers, employees, and investors satisfied. đ¤. Download This Template. 6. ClickUp Lean Business Plan Template. ClickUp Lean Business Plan Template.
Leer en espaĂąol. Whether you're a long-time business owner or starting to think about launching a business, to-do lists pile up fast, and determining how to write a business planâmuch less following a business plan templateâoften feels overwhelming. But nearly 70% of business owners who have been there and done that recommend writing a business plan before starting a business.
How to write a business plan in 10 steps. Now, let's dive into the 10 key elements of your business plan. 1. Create an executive summary. Even though it appears first in the plan, write your executive summary last so you can condense essential ideas from the other nine sections. For now, leave it as a placeholder.
Powerful business plan templates. Plan for the future, no matter what your business plans are or the size of your business with these designs and templates. Whether it's just one big project or an entire organization's worth of dreams, these templates will keep you and your company on track from ideation to completion. Category.
Sample 30-60-90-Day Business Plan for Startup in Excel. This 90-day business plan is designed for startup companies to develop a 90-day action plan. This template gives you room to outline the following: main goals and deliverables for each 30-day increment; key business activities; task ownership; and deadlines.
Business Plan: A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. A business plan lays out a written plan from a ...
Here is a basic template that any business can use when developing its business plan: Section 1: Executive Summary. Present the company's mission. Describe the company's product and/or service offerings. Give a summary of the target market and its demographics.
Create Your Company with our Business Plan Builder Templates. Why you need a business plan and how to get started. Though entrepreneurs should always be flexible, a Harvard Business Review study found it pays to have a plan when starting your business-literally. Founders who created a business plan before launching their company were 16% more ...
Writing a business plan. Once the students had their ideas, the next task was to write a business plan which they could present to potential investors. One of my biggest challenges at the moment is time, therefore, with little time to put together my own business plan template, I turned to the internet. Fortunately, I found an informative pack ...
The best-known CV format in Europe. The Europass CV is one of the best-known CV formats in Europe. It is easy-to-use and familiar to employers and education institutions. You will first have to create your Europass profile with information on your education, training, work experience and skills. After you complete your Europass profile, you can create as many CVs as you want with just a few ...