Read on below for more information about the key sections of a Business Plan. The guide is an annotated version of the Business Plan template with notes from our Business Advisers about what type of information, examples and evidence to include in order to help us understand you and your business. While we encourage you to use this template, it is not mandatory and you are welcome to submit your own Business Plan template provided it details similar information.
Please note, the following documents should open on any device with a document viewer and editor but for the best user experience, we recommend editing this template on a desktop. Here are just seven:. A Business Plan can include whatever information you feel is required to best convey how you are planning to make your business sustainable and, when it comes to applying for a Start Up Loan, the following are the core sections we require.
Your business and key objectives: A brief description of your business and its core products or services. This section also includes a clear and concise overview of the goals your business is trying to achieve over a set period of time. Our Loan Assessment team will want to see that the Start Up Loan will support your overall business objectives. Your skills and experience: An overview of your experience as it relates to your business. Your target customers, market and competition: A summary of key insights that demonstrate you have a strong understanding of your customers and how to identify them , your market and how to position yourself within it and your competitors and how to differentiate yourself from them on factors like price, quality, brand etc.
Your sales and marketing plans: This section is all about how you are planning to attract customers. You can also use this section to detail any processes that are important to your operations, as well as any industry, tax or legal regulations related to your business. Rather, these two documents should be complementary. The tips below have been prepared by our Business Advisers and Loan Assessment team to help you understand some of the key things that will strengthen your application.
For more in-depth advice, read our guidelines on how to write a Business Plan. Essential cookies. These are cookies that are absolutely necessary for the website to function properly. This category only includes cookies that ensure basic functionalities and security features and do not store any personal information. These cookies allow us to recognise and count the number of visitors and to see how visitors move around our website.
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Functional cookies. These are used to recognise you when you return to our Website. This enables us to personalise our content for you and remember your preferences for example, your choice of language or region. Business Plan template A Business Plan is like a blue print for your business - it details all your goals and how you plan to achieve them.
What is a Business Plan? Download your copy now:. Download Template. Download Guide PDF opens in a new tab. Why is a Business Plan important? Here are just seven: A Business Plan: Provides a structured way of organising your thoughts and clarifying your idea.
Helps you set out your goals and spot any potential problems in achieving these goals. With LivePlan, you give your students access to industry—best business plans and help them set goals and track metrics with spreadsheet—free financial forecasts. All of this within a single tool that includes additional instructional resources that work seamlessly alongside your current classroom setup. With LivePlan, it's not just a classroom project. It's your students planning for their futures.
Click here to learn more about business planning for students. You don't need to find a sample business plan that's an exact fit for your business. Your business location, target market, and even your particular product or service may not match exactly to the plans in our gallery. But, you don't need an exact match for it to be helpful. Instead, look for a plan that's related to the type of business you're starting.
For example, if you want to start a vegetarian restaurant, a plan for a steakhouse can be a great match. While the specifics of your actual startup will differ, the elements you'd want to include in your restaurant's business plan are likely to be very similar.
Every startup and small business is unique, so you'll want to avoid copying a sample plan word for word. It just won't be as helpful, since each business is unique. You want your plan to be a useful tool for starting a business —and getting funding if you need it.
One of the key benefits of writing a business plan is simply going through the process. When you sit down to write, you'll naturally think through important pieces, like your startup costs, your target market , and any market analysis or research you'll need to do to be successful. You'll also look at where you stand among your competition and everyone has competition , and lay out your goals and the milestones you'll need to meet.
Looking at a sample plan's financials section can be helpful because you can see what should be included, but take them with a grain of salt. Don't assume that financial projections for a sample company will fit your own small business.
If you're looking for more resources to help you get started, this guide on how to write a business plan is a good place to start. You can also download our free business plan template , or get started right away with LivePlan. Think about business planning as something you do often , rather than a document you create once and never look at again.
Every startup and small business is unique, so you'll want to avoid copying a sample plan word for word. It just won't be as helpful, since each business is unique. You want your plan to be a useful tool for starting a business —and getting funding if you need it. One of the key benefits of writing a business plan is simply going through the process. When you sit down to write, you'll naturally think through important pieces, like your startup costs, your target market , and any market analysis or research you'll need to do to be successful.
You'll also look at where you stand among your competition and everyone has competition , and lay out your goals and the milestones you'll need to meet. Looking at a sample plan's financials section can be helpful because you can see what should be included, but take them with a grain of salt. Don't assume that financial projections for a sample company will fit your own small business.
If you're looking for more resources to help you get started, this guide on how to write a business plan is a good place to start. You can also download our free business plan template , or get started right away with LivePlan.
Think about business planning as something you do often , rather than a document you create once and never look at again. If you take the time to write a plan that really fits your own company, it will be a better, more useful tool to grow your business. It should also make it easier to share your vision and strategy so everyone on your team is on the same page.
Keep in mind that businesses that use their plan as a management tool to help run their business grow 30 percent faster than those businesses that don't. For that to be true for your company, you'll think of part of your business planning process as tracking your actual results against your financial forecast on a regular basis. If things are going well, your plan will help you think about how you can re-invest in your business.
If you find that you're not meeting goals, you might need to adjust your budgets or your sales forecast. Either way, tracking your progress compared to your plan can help you adjust quickly when you identify challenges and opportunities—it's one of the most powerful things you can do to grow your business. Now that you know how to use a sample business plan to help you write a plan for your business, it's time to find the right one. Create Your Plan. Find your business plan category Trending.
Download now. Definition : A business plan is a written document that presents a business project that will be created or a taken-over, rolling out all aspects of the project. A business plan is not only a financial plan: the financial aspects are not the only elements that should be presented. The business plan is often developed in Word or Powerpoint, or any software of this type.
There is no standard format and no particular length to which you must adhere. The business plan is drafted for presentations to third parties, who may be future partners, suppliers, customers, members, or financers : banks, relatives, venture capitalists, or the donors of a crowdfunding operation. A business plan may also be necessary when selling a company to determine the valuation of the business. The business plan can also be written on your own, that is to say, remaining internal in the company: the idea is to ask questions in order to decipher the direction of the company.
Writing a business plan allows you to formulate your ideas, to approach all aspects without forgetting anything, and to ask the right questions. It is also a good working tool between partners, allowing for agreement on a common vision. In the same way that it is wise to have an updated CV at all times, it is wise to have a business plan on Word kept up to date in order to be able to present your project at any time, to anyone interested, on any occasion.
A business plan is simultaneously the summary of a market study, the presentation of the offer, a financial plan and an important step in the life of the entrepreneur. The business plan consists of several parts the number and the order are given as indicated :. To write a quality business plan, you must first be convinced by what you write!
WikiCrea offers you a professional and easy-to-use Excel financial plan model: free Excel Business plan template. Rate this:. Tags: Blank business plan template word Business plan template examples Business plan template Excel Business plan template free pdf Business plan template free Word Business plan template Powerpoint Business plan template xls Free printable business plan Simple business plan template Startup business plan template Startup business plan template excel.
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It is done to create economies of scale and to build an empire. A simple yet most promising business model, e-commerce allows buyers and sellers to connect and transact using an online platform online shop. A company that works by having one or a few key distribution channels to integrate with its final customers follows this model. Companies that use this model provide channels for businesses to sell to customers via dealers, brokers, supermarkets, retailers, and so on.
Example : Unilever spends its major part of revenue in maintaining a proper distribution. A cost-effective as well as an exciting business model. In this case, the business owner does not have to hold any an inventory and uses the third party to manage all the shipping and logistics needs. Targeting and focusing only the large clients, enterprise business model is all based on getting big deals.
It is built on complex sales with a good few potential clients. Like the clients of Fortune usually have multi-billion dollars budget. Example: Boeing , Raytheon, SpaceX , Goldman Sachs is an example of Enterprise business model because their sales motion is targeted towards very large business enterprise customers or governments.
This model is based on the fundamental that companies should make profits without causing any harm to anyone, and a part of it should be spent in humanitarian works to improve human living conditions.
This model allows companies or brands to sell their products to final customers directly. Highly effective marketing campaigns and advertising activities are required to retain customers. Any business that is run by a family, and its decision-making processes are controlled by two or more family members is a family-owned business.
The leadership of the company is passed to the heir, who will hand over the reins to their children. The most advanced, futuristic, and modern technology of Blockchain has changed the entire landscape of transactions, involving decentralized network system on a global scale.
Using a decentralized network enhances trust and allows consumers to transact peer-to-peer. Blockchain-based businesses make a profit using tokens and offer Blockchain as a service. Many crypto-currencies like Bitcoin , Ethereum , and Litecoin use Blockchain technology-based business model. This model is about owning and managing the supply chain activities manufacture, distribution, and retail for its products by the company itself.
When a company has better control over how a product is produced and delivered to end users, it can provide products at lower prices with better margin to consumers. On the contrary, for example, if a company only manufactures a product, and uses a distribution and retail partner. Then at every step of the supply chain, the additional cost is added markup by the time the product reaches the end customer.
Amazon , Tesla , Luxottica , Apple , Walmart , and other grocery stores. This model is simply a mix of operated chains and licensed stores franchising. Starbucks is the most famous example that owns both company-operated stores and licensed stores. Data is a critical component in web technology where companies require critical information to carry out operations and earn revenue. Example: Twitter sells real-time data to its partners, which is then used for advertising and customer insight. Attention merchants or influencer operate through advertising model and make money by grabbing the attention of their target audience.
You are the product. From YouTube to Tik Tok and other social media platforms, you can watch videos for free, but you will be targeted by endless adverts. This kind of business model is usually practiced by supermarkets and departmental stores that get products in bulk and sell on the wholesale rate. A pyramid scheme is a business model often considered illegal or controversial. The model functions on the sole principal of recruiting members by promising them a reward in the shape of payments or services if they agree to enroll others into the scheme, rather than supplying investments or sale of products.
As the recruiting circle grows with infinite speed, the actual recruitment becomes quickly impossible, which leaves member without any profit. Example: Amway is a billion-dollar company which has used these pyramid schemes. This business model consists of the lowest price strategy for the basic product or service. By keeping the basic price as low as possible, an additional amount is charged for the other perks and services that are offered with the main basic service.
Aggregator Business Model is a network model which provides collective information about a particular service and sell them under their brand name. Under this business model, most companies provide information and sources on a single industry. Example: Companies like Zillow and Oyo for Hotels, Uber for taxi service, Yodlee for financial service, all use Aggregator business model. It is basically a set of subroutine definitions, communication setups, and tools for developing software.
And developers pay a fee to get API access. Crowdsource business Model facilitates companies with access to operational solutions like ideas and technologies, upgraded consumer interaction, opportunities for co-collaboration, operation optimization, and reduced costs.
It is a phenomenon in which a customer gets involved in a kind of partnership with the business. High touch is needed for larger accounts because they pay more and are sticky. Example: Buying a car at Auto dealership, house, enterprise SaaS requires multiple interactions with the salesperson.
Low touch business model is, of course, the opposite of high touch business model where the product or service is delivered by minimum customer interaction. Low touch is good for low price software tools where acquiring customers is easier. Flexible pricing model operates through a business strategy in the final price of an item is negotiable. In short, buyers and sellers can bargain the price to suit their purpose the best. Example : Letgo. The model is based on the biding option to buy a product or service.
The model is although not very common now, it is still used for industries like antiques, real estate, collectibles, and the sales of businesses. This business model follows a strict pattern of setting the highest prices and let the buyers bid accordingly until the prices start to drop. A reverse auction is popularly used by businesses seeking suppliers. Eligible suppliers bid lower and lower at each subsequent round to entice the business and win the contract.
Brokerage business model provides a single platform to buyers and sellers for communicating the deals. It charges a fee for any transaction between the parties either from the buyer or the seller depending on the featured category. Example: Expedia , Century Bundling is a business strategy that combines products or services to offer a package gathered as a single combined unit to sell at a comparatively low price.
It is the form of convenient purchasing for several products and services from a single business unit. Disintermediation Model removes the capacity of outsourcing or a third-party intermediary. In fact, the organizations following this model deal with the clients and customers directly via different channel like the internet. Example: Dell , Tesla are good examples of companies which follows disintermediation model.
Fractionalization model is selling a product or service for partial usage or separate parts. The business model charges as per the usage of the product or service. In recent years, the Pay-As-You-Go model has been adopted by governments and organizations to distribute common goods like solar panels to rural communities , which they pay for gradually over a long period. Example: This model includes electricity, water, and cell phone companies and Amazon Web Services.
Product as a service means to sell the service of a product rather than selling the actual product. Example: Zipcar , Fedex Printing service follows the product as a service business model. Standardization means to make a service universal, which was once a customized one.
However, you can also simply document the results of a workshop using the free Word or PowerPoint templates. Either way, these business model templates can be adapted to suit a variety of individuals and teams. Download this easy to use business model template created as Microsoft Word docx file. Simply click on the image to the right to download the file.
Download this business model template created as an Excel file xlsx. Out of the business model templates, the PowerPoint in my experience is probably the most versatile. Download this business model template created as a PowerPoint file. Download this business model PDF template.
The file is width px x height px dpi. If you want to edit the file and change things then use Abobe Acrobat. The value proposition was developed as a second book by Yves Piigneur and Alexander Osterwalder. The most important part of the business model is the value proposition. Creating a unique value proposition is one of the hardest parts of creating a strong business model.
It involves considerable amounts of time, lots of care, iterations and tests. However, a strong value proposition will quickly bring in more revenue and profits than a weak one. Download value proposition template as a Microsoft Word Docx file. Simply click on the image or the button below to download the file. Download this value proposition template as an Excel Xlsx file. Click either on the image or the button to get your copy.
It is designed to have a Master template that allows you to create multiple versions of your value proposition. Download this value proposition template created as a high-quality PDF file. Click on the image to the right or the button below to download. This is an ideal size for workshops.
The business model canvas is more suited to established businesses that have established resources, customers and revenue. On the other hand, the Lean Canvas template is designed to help startups who are at the beginning of the innovation process and shaping their idea into a competitive business model. The Lean Canvas is a startup business plan template that will help entrepreneurs or intrapreneurs plan their new venture. Download this easy to use lean canvas template created as Microsoft Word docx file.
Download this lean canvas model template created as an Excel xlsx file. More importantly, understanding your customers provides the backbone for creating new products and services. The Persona Canvas is a powerful tool then to help you develop a shared mental model of your different customers.
A common mistake is to treat all businesses the same. Learn how to use the Personal Canvas and accelerate how you drive innovation, improve sales and develop a competitive advantage. Simply click on the image or button to download the file. Download this Persona Canvas template created as an Excel xlsx file.
Simply click on the image or the button below.