Create Your Business Plan

Create Your Business Plan-89
Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound.You want your business plan to convey the best possible physical impression; make it something people are going to want to pick up and look at.A standard business plan consists of a single document divided into several sections including a description of the organization, the market research, competitive analysis, sales strategies, capital and labor requirements, and financial data.

Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound.You want your business plan to convey the best possible physical impression; make it something people are going to want to pick up and look at.A standard business plan consists of a single document divided into several sections including a description of the organization, the market research, competitive analysis, sales strategies, capital and labor requirements, and financial data.

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Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logos, business premises or site plans, etc.

Potential money lenders and investors want solid research and analysis, not long, wordy descriptions.

In this section, you need to demonstrate that you have thoroughly analyzed the target market and that there is enough demand for your product or service to make your business viable.

The competitive analysis includes an assessment of your competition and how your business will compete in the sector.

Enter your business information including the legal name, address, etc.

If you already have a business logo you can add it at the top or bottom of the title page.A corporate business plan for a large organization can be hundreds of pages long.However, for a small business, it's best to keep the plan short and concise, especially if you intend to submit it to bankers or investors.So, if you don’t already know what you’re doing with the numbers, the process of writing your business plan may not be that much easier with a template.Finally, merging data from Excel spreadsheets into your Word document is harder than it looks.Pros of using a business plan template: A good business plan template can help you get your thoughts organized.It can provide a guideline so you’re not stuck looking at a blank page trying to figure out where to start.See The Marketing Plan Section of the Business Plan for a detailed description.Product or Service Offerings This section describes the legal structure, ownership, and (if applicable) the management, and staffing requirements of your business.For a one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, supply chains, specialized equipment, and multiple employees, the operating plan needs to be very detailed.The Operating Plan Section of the Business Plan will provide you with additional information about your operating plan.

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