Business Planning Template

Business Planning Template-53
A good business plan can help you secure finance, define the direction of your business and create strategies to achieve your goals.We've developed a Business Plan Template and Guide to step you through the process of developing a business plan that is solid, well-structured and tailored to your business.Update (7/22/2016): We've added a basic break-even analysis worksheet to the companion Excel workbook.

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It may initially seem like a lot of work; however a well prepared business plan can save you time and money in the long run.

There are no rules about what your plan should cover or the level of detail.

Word allows you to assign format Styles to text and paragraphs, and we've designed the template to use these Styles for defining headings, sub-headings, and figure captions.

If you want to add a new section so that the Table of Contents updates correctly, just add a new heading in the body of the document and assign it the Heading 1 or Heading 2 style.

Use a business plan template to keep you focused and to simplify the process of creating your business plan.

For further support to create your business plan see what to include in your business plan.Clarity on these issues is essential for securing finance or investment. Research your markets and competitors Demonstrate that you're fully aware of the marketplace that you're planning to operate in. You should prove that your business will be able to attract customers despite potential competition. Provide realistic financial forecasts Show financial projections that support what you have said about your business. The first 12 months' forecasts should have the most detail. Plan your executive summary The executive summary outlines the key points of your entire business plan.It is usually the first section that people will read.If you don't want the table to be editable in Word, you can "Paste as a Picture" using Paste Special or by choosing the "Picture" option when you right-click in Word to paste the table.Important: When you paste a chart object into your business plan, make sure to "Paste as a Picture" because pasting the chart as an embedded object means that the entire spreadsheet becomes embedded in your Word document (even though what you see is only the chart).A business plan is a written document that outlines your business objectives and how you plan to achieve them.It has many functions, from securing external funding to measuring success within your business.It was created for newer versions of Word and Excel (Office 2007 or later) so that you can easily change the fonts and color scheme and the file will be compatible with the mobile and web-based Word & Excel apps.It is best to use Excel for financial statements, data tables and charts.One of the reasons that so many small businesses fail is that they don't do the necessary up front work to create an accurate and realistic business plan.Creating a business plan doesn't guarantee success, but the process of writing a plan is critical for any successful new business.

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