A Business Plan often includes information about your goals, strategies, marketing and sales plans and financial forecasts.
The eight-chapter template explains what information needs to go in each section and why. It is about making sure that those plans are professional, up to date and legit enough to help you start a business on the right note.
A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like. It might even lead you to kill off aspects of your business before investing too much time or money in them.
You can download and use free PDF, Word or Excel templates to create the best business strategies on paper, the kind that will help you avoid obstacles and maintain your business position for a long time. But there are cons with free business plan templates.
In addition, the template includes a SWOT analysis and optional technology plan. You can download sample plans in word, pdf or excel format and use them as source of inspiration and to learn how to write your own.
Like this column? Demonstrating that you are aware of your key risks. The guide is an annotated version of the Business Plan template with notes from our Business Advisers about what type of information, examples and evidence to include in order to help us understand you and your business.
If you need more than a free, simple template can provide, look into online business planning solutions like LivePlanwhich provides more help and customization options than any template can.