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.
Cons of using a business plan template: While there are benefits to using a business plan template, depending on your situation it may not be the best way to complete your plan. For instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself.
The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground.
Pros of using a business plan template: A good business plan template can help you get your thoughts organized.
Remember, you only get one chance to make a good first impression.
Body of a Business Plan The body of the business plan should include detailed discussions of the following subjects: I. Key Personnel -- describe the qualifications and responsibilities of management. Although the written business plan of a start-up venture must be tailored to the particular business and industry, the essential items in a written business plan include the following: Cover Page The cover page should include the following: Table of Contents and Table of Appendices The table of contents and table of appendices should refer the reader to the sections and subsections of the business plan. Executive Summary The executive summary is the first part of the business plan to be read by potential lenders and investors. Each section of the template can be copied into a Word, Excel or similar office document by selecting the text and using copy/paste.If using Windows, outline the text to be selected with the mouse and hit CTRL C to copy and CTRL V to paste.For a detailed description of each section of the plan, you'll want to refer to the Guide to Writing a Business Plan Step By Step.Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound.However, if you’re new to business planning and just want to get a sense of what a plan looks like and want to get the process started quickly and cheaply, then downloading a free template is the best way to get started.A corporate business plan for a large organization can be hundreds of pages long.Finally, merging data from Excel spreadsheets into your Word document is harder than it looks.It’s not easy to keep everything completely up-to-date as you make changes to your numbers, and integrating the right charts and graphs into your business plan is harder than it looks.