A detailed description of a new or existing business, including the company’s product or service, marketing plan, financial statements and projections and management principles, require a plan to be implemented. Once you enter your business specifics, like startup costs, the type of funding you will seek, the ongoing cost of goods sold and other expenses, and revenue projections, the financial model will generate the rest of the financials for you. Sometimes, busy investors may not have the time to look at an entire plan, which can sometimes be up to 50 pages.
Quickly document different business ideas in a beautiful visual format with the LivePlan One-Page Pitch. A Microsoft business plan template can help get you started. We’re here to help you create a business plan that is well structured to aid you in securing the financing you may need to get your business off the ground.
There are a few valuable online archives of business plans that feature companies which have successfully penetrated the market based on a well defined and executed business (and marketing) plan. A business plan is more than just something to show lenders and investors, it is also necessary to help you plan for the growth and progress of your business.
Create a spreadsheet that shows anticipated cash flow forecasts over the first few years of business for a variety of scenarios. If you are too busy building your product, company, or customers (which is arguably a better use of your time), consider outsourcing the development of the business plan.
If they like what they see in the executive summary, they’ll often follow up with a request for a complete plan, a pitch presentation , and more in-depth financials. In a nutshell, this part of your business plan is about how you will attract customers or clients for your product or services.