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How To Write The Best Business Plan Templates For Your Company In 2022

Your business plan is like a map of where you want your business to go. It helps you work out details like your marketing plan, target market, financial projections, and with your decision making.

Also, if you want to get any kind of investment, you'll need to include a professional business plan in your slide deck.

It takes some time and thought to write a good business plan. Using a template can make the job easier and help you make sure you don't forget anything important.

There is a comprehensive guide to business plans as well as some of the best business plan templates available on the internet.

What Is A Business Plan?

The best way to carry out most great business ideas is to have a plan. A business plan is a written outline that you show to people, such as investors, who you want to join your venture.

It's your pitch to investors, where you tell them what your startup's goals are and how you plan to make money.

It also helps your business stay on track and makes sure that your operations grow and change to meet the goals you set out in your plan.

A business plan can be a living document that changes as things change, but it should always include the main goals of your business.

Why Do I Need A Plan For My Business?

It can be hard to start a new business. If you're ready for these problems, they won't hurt your business as much.

Writing a good business plan is an important way to get ready for the challenges your startup may face.

Writing a business plan helps you see what you need to do to achieve your goals more clearly.

You can also use the finished business plan to remind yourself of these goals. It's a useful tool that you can use to help you stay on track and keep your mind on the right things. A business plan will help you run your business.

A good business plan shows you how to start and run your business at every step. Your business plan will show you how to set up, run, and grow your new business. It is a way to think carefully about the most important parts of your business.

A business plan can help you get money or find new people to work with. Investors want to be sure that their money will be worth it. Your business plan is the tool you'll use to show people why they should work with you or invest in your company.

Choose A Way To Write Your Business Plan Template That Works For You.

A business plan template can be written in any way you want. What matters is that your plan works for you.

Business plans usually fall into one of two main groups: traditional or agile. Traditional plans are more common.

They have a standard layout and encourage you to go into detail in each section. They tend to take more work up front and may have dozens of pages.

Agile business plans are less common. They have a standard structure and focus on summarizing the most important points. They can be written in an hour and only need one page.

Hand writing a business plan with adhesive notes
Hand writing a business plan with adhesive notes

Standard Business Plan Template

This plan is very thorough, takes a lot of time to write, and has a lot of details. Investors and lenders usually want to see this plan.

This type of plan is at a high level and only has the most important parts. Some investors and lenders may want to know more.

Traditional Format For A Business Plan

You might want to use a traditional business plan format if you want to be very specific, have a long plan, or want to get a plan from traditional sources.

You don't have to stick to the exact draft plan when writing your business plan. Use only the parts that work best for your business and your needs. Most business plans have all nine of these parts.

The Bottom Line

In short, tell your reader what your business is and why it will do well. Say what your goals are, what your product or service is, and some basic information about the business's management team, employees, and location.

If you want to get financing, you should also include information about your finances and a broad plan for how your business will grow.

What Does The Company Do?

Give specific information about your business. Tell people in detail what problems you solve. Be specific and say which people, groups, or businesses you would serve.

Explain what your business has going for it that will make it successful.

Market Analysis

You will need to know a lot about your industry and the people you want to sell to. Researching the competition will show what other businesses are doing and what their strengths are.

  • When you do market research, look for trends and themes.
  • What do competitors who are doing well do?
  • Why does it seem to work for them?
  • Could you improve it?

Now is the time to give answers.

How Things Are Set Up And Run

Tell us how your business will be set up and who will be in charge.

Explain how your company is set up legally. Indicate if you are or want to be a C or S corporation, a general or limited partnership, a sole proprietor, or a limited liability company.

Give an organization chart with the names of the people in charge and explain how each person's special skills will help your project succeed. You might want to include the resumes and CVs of important team members.

Service Or Line Of Goods

Tell us about what you sell or what you do. Tell your customers how it will help them and how long it will last.

Share your plans for intellectual property, such as copyrights or patent registrations. Explain in detail if you do research and development on your service or product.

Marketing And Sales

A marketing strategy doesn't come in one size that fits all. Your strategy must change and grow over time to meet your needs.

You must explain how to get customers and keep them, as well as how to actually make a sale. Since you'll be using this section to make financial projections, make sure to describe in detail all of your marketing and sales plans.

Finance Plan

If you want to borrow money, this is where you should explain what you need. Your goal is to make it clear how much money you will need over the next five years and what you will use it for.

Indicate whether you want debt or equity, what terms you want to apply, and how long your request will be valid for.

Give a detailed plan of how you will spend the money. Indicate if you need money to buy equipment or supplies, pay salaries, or pay certain bills until your profits go up. Always describe your long-term financial goals, such as paying off debt or selling your business.

Projections Of Money

Add some financial projections to your request for money. Your goal is to make the reader believe that your business is stable and will make money.

If your business is already up and running, include income statements, balance sheets, and cash flows for the last three to five years. Now is the time to talk about other things you can use to back up a loan.

Give a forecast for the next five years in terms of money. Include income statements, balance sheets, cash flows, and budgets for big purchases.

Use quarterly or even monthly projections for the first year to be even more specific. Explain your projections and how they relate to your requests for money.

This is a great place to put graphs and charts that show the financial history of your company.

Appendix

Use your appendix to add any extra information or documents that were asked for.

Things like credit history, CVs, pictures of products, letters of recommendation, licenses, permits, patents, legal documents, permits, and other contracts are often included.

Agile Business Plan Template

You might like an agile format if you want to explain or start your business quickly, if your business is fairly simple, or if you plan to change and improve your business plan often.

Agile business plans are diagrams with only a few parts that show your company's value proposition, infrastructure, customers, and finances. They help you see the main strengths and data of your company.

A template for an agile business plan can be made in many different ways. You can find free templates for your business plan on the Internet. We'll talk about nine parts of a sample business plan below:

Important Ties

Find the other businesses and services you will work with to run your business. Think about suppliers, manufacturers, subcontractors, and strategic partners who are similar to you.

Key Things To Do

Make a list of the other businesses or services you'll need to run your business. Think about suppliers, manufacturers, subcontractors, and strategic partners who are the same or similar.

Important Sources

Write down all of the resources you will use to help your customers. Your most important resources may be your people, your money, or your ideas.

Value Proposition

Make a clear and convincing statement about what your company does that is different and valuable.

Relationships With Clients

Tell us how customers will work with your business. Is it done by a machine or by a person? Online or in person? Think about the whole customer experience.

Customer Segments

Be specific when you name the people you want to reach. Your business is not for everyone, so you need to be clear about who you will serve.

Channels

Write down the most important ways you'll talk to your customers. Most businesses use more than one channel and work to improve them over time.

Cost Structure

Will your company try to cut costs or provide the most value? Define your strategy, and then make a list of the biggest costs you'll have to pay to follow it.

Sources Of Money

Tell us how your business will make money. Direct sales, membership fees, and selling ad space are all examples. If your business has more than one way to make money, list them all.

Examples Of Business Plan Templates

There are some top-notch business plan templates available for free to help you get started.

My Own Business Institute's Comprehensive Plan Template

My Own Business Institute has a complete template that is split into 15 parts. This template has sections for your new business's vision, acquisitions, cash flow, and much more.

The formatting is simple and easy to change, improve, and personalize. The sections and questions do get you to think about parts of your business that you might not have thought about yet.

This particular template may be a bit too detailed for some startup founders, but that could make it a better candidate for taking parts and putting them together with other templates.

The Balance's Business Plan Template

If you have never written a business plan before, The Balance's template is one of the easiest to use.

One of the bad things about this is that you have to sort through a lot of information that many entrepreneurs may not need.

But the template has a benefit: you can copy and paste it into a Word document, which gives you more freedom to change it.

The Business Plan For The Balance

If you have never written a business plan before, The Balance's template is one of the easiest to use. This is the most helpful template on the list, in my opinion, because it's a well-written, all-inclusive guide that helps you through every section.

One of the bad things about this is that you have to sort through a lot of information that many entrepreneurs may not need.

But the template has a benefit: you can copy and paste it into a Word document, which gives you more freedom to change it.

The Modern And Professional Template From BPlans

The BPlans template has everything you need if you want to pitch your business to investors or get a loan for it.

This template goes into the details that investors and banks care about, which may not be right for new business owners who just want to write down the basics of their business.

It will make founders with more experience think like investors, though. If you don't know where to start, you can get ideas from the more than 500 sample business plans in the BPlans library.

The Step-by-Step Plan From The Plan Builder

Plan Builder is a shorter, less complicated template that can be finished in just 10 minutes. It's broken down into easy-to-follow steps, and it will even do the math for you.

One of the things I don't like about this is that it's not as complete as others on my list. It can, however, be a good choice for your first draft, especially if you are still working out the details of your financial plan.

Man walking in front of a wall with a business plan painted
Man walking in front of a wall with a business plan painted

People Also Ask

Is There A Template For A Business Plan?

A business plan template is a document that helps you write a thorough business plan quickly.

It includes, among other things, an introduction, an executive summary, a description of the business, and a marketing plan.

Is There A Business Plan Template In Word?

You can download one of the best business templates we recommend for you and fill it in with your plans for your business. Use the business market analysis template to look at your market.

What Are The 7 Parts Of A Business Plan?

Even though plans are as different as businesses, here is a rundown of the seven main parts of a business plan and what should be in each.

  • The Executive Summary of the company, products, and services.
  • Analysis of the market.
  • Strategy and How to Do It.
  • Charged Organization and Team.
  • The plan and estimates for money.

How Can I Write My Own Business Plan?

  • Write a summary for the boss.
  • Tell me about your business.
  • Tell me what your business goals are.
  • Tell me about your goods and services.
  • Find out what the market wants.
  • Make a plan for your marketing and sales.
  • Do a financial analysis of the business.
  • Make plans for your money.

Conclusion

A good template for a business plan can help you get your ideas in order. It can give you a plan so you don't have to stare at a blank page and try to figure out where to begin. Plus, it can show you how a typical business plan is put together.

Choosing the best business plan template for your company will lead you to success.

About The Authors

Steve Martins

Steve Martins - I am a certified graphic designer and I earned my bachelor’s degree in Communication Design. I worked with many brands like Uniqlo and Huawei but also independent smaller Barcelonian brands like Caravelle and Madrid’s Hola Coffee and I have completed over 2000 projects in the last 5 years.

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