Business Plan Templates for Startups
You’ve got your business idea and you feel like you’re finally ready to make it real. But the image you have of your business inside your head is going to be very different from the real thing. Having your businesses foundation set in writing is how you can make your plan stable. This is where you want to carefully plot each step of starting your company so you can prepare for success. And you ALWAYS plan for success.
As you map out your business plan, you’ll be able to pinpoint your plan’s weaknesses and challenges that will happen as you grow, identify your strength and other opportunities you haven’t even considered yet. A strong, well-written business plan is what can make or break your business is financed.
There are several business plan templates out there anyone can download to help you organize your steps. But how will you know you’re laying out what matters for your business plan? When going through templates, here are key sections to explain your plan:
- Executive Summary – Just like a good story, your summary should be a short, concise, and optimistic overview of your business that grabs the reader’s attention. When investors read your business plan, they’ll want to learn more about it. This should be no more than 2 pages long and include the following categories below.
- Company Description – What are you all about?
- Products and Services – What are you selling? Why? How much?
- Market Analysis – What’s the market you’re breaking into?
- Operational Plan – How is this business going to run?
- Management & Organization – Who’s running things and what’s the experience level?
- Startup Expenses & Capitalization – What is this going to cost investors and lenders?
- Financial Plan – What is your targeted profit and how are you going to achieve it?
- Appendices – Any supplementary material, statistics, and extra research you can provide to show your business are gold will always help.
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