Almost everyone agrees that a written business plan is an important tool for success. Yet too many small business owners put off the project because of the complexity of the planning process.
This business plan template is meant simply and easy tool that can be completed in about half an hour. Just add a few sentences to each of the functional planning categories numbered 1 through 7.
Revisit and refine your plan from time to time later as you accumulate new business experience. That’s it! You’ll be well on your way to enjoying the benefits of a solid written business plan.
- Customer Problem / Your Solution
What will you sell?
Who will buy it?
How will your product help people?
- Business Model
What will you charge?
How will you get paid?
How else will you make money from this project?
- Target Market
Who is your customer?
How many of them are there?
What is your competitive advantage? Why will a customer choose you over a competitor?
- Marketing and Sales
How will customers hear of your business?
How can you encourage referrals?
- Management Team
Who will carry out these key activities?
- Financial Summary
How will you manage when the business is a success?
What level of sales revenue?
What number of customers?
- Potential Obstacles
What potential obstacles or challenges do you anticipate?
What funding is required?