Business Plan Examples For Students
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.
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.
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.
You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place.
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.
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.
The competitive analysis includes an assessment of your competition and how your business will compete in the sector.
The business plan template below is broken into sections as described in the table of contents.
Each section of the template can be copied into a Word, Excel or similar office document by selecting the text and using copy/paste.
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.