How Business Plan
Finally, merging data from Excel spreadsheets into your Word document is harder than it looks.
Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas.
A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like.
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.
The competitive analysis includes an assessment of your competition and how your business will compete in the sector.
You can turn to How to Write the Competitors Analysis Section of the Business Plan for help.