Starting a business ideally begins with a written document called a business plan, and knowing the right components of a business plan template is one step to produce that all-important document. Not something to be overlooked, a business plan will prepare you, inform you, and give you direction – even boost your confidence – when you put up your business. A business plan is so crucial entrepreneurs and startups research hard for it, financiers ask for it, and business writers profit a great deal from it.
Starting a business ideally begins with a written document called a business plan, and knowing the right components of a business plan template is one step to produce that all-important document.
Not something to be overlooked, a business plan will prepare you, inform you, and give you direction – even boost your confidence – when you put up your business.
A business plan is so crucial entrepreneurs and startups research hard for it, financiers ask for it, and business writers profit a great deal from it.
If you know the integral parts of a business plan template, then that will be a good start for a future business owner like you.
Read further on below and learn.
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This first page of a business plan template is also referred to as the “Title Page.”
The Cover Page or Title Page contains the following information:
You don’t have one? Well, better get one. A logo can give an added pull for your company.
Though optional, it’s still highly recommendable to have one. Again, for added pull; also, it can inspire you and your employees.
Simply add them to clearly specify that the document is a business plan.
This is the date – just the month and year are acceptable – the business plan was finished written.
State the full name of the person presenting the business plan. This person is the one to be contacted by whoever the business plan was presented to.
It will inform the one reviewing the business plan about the exact role the contact person takes up in the company.
Give (whenever applicable) the following (in this order):
Include one to inform whoever will read your business plan that the document is protected by copyright law.
Remember, your business plan should never be copied by anyone.
This can be stated in one or two sentences, informing whoever is reading the business plan not to disclose its contents to anyone.
Based on the parts of a Cover Page as listed above, here is a sample outline of it:
Company Logo (placed on top of the page)
Superstar Films, Inc.
“Weaving stories on the silver screen since the ‘50s.”
David A. Davidson
Founder & President
Superstar Films, Inc.
1234 Santa Monica Boulevard,
West Hollywood, CA 90038
P.O. Box 56789
West Hollywood, CA 90038
Tel.: (323) 123-4567
Fax: +1 234 000 1234
Mobile: +1 789 246 4321
Facebook: Superstar Films USA
YouTube: Superstar Films, Inc.
A piece of advice: regarding this first part of a business plan template, it’s up to you what designs, colors/color combinations, fonts, and font sizes to use. Still, be careful to pick only the appropriate ones. By appropriate, it means that your choice of design, color, and font should render your business plan an overall professional look.
Create one to make it quick and easy for anyone who will read your business plan to find and go to a particular section.
The Executive Summary should have your:
In general, the Executive Summary also includes information about your company’s:
8. Major significant achievements so far
9. Future-oriented goals
If your company happens to be around for quite some time already, then be sure to add in the Executive Summary:
This part of a business plan template can also be called “Industry Overview” or “Company Summary.”
Describe your company and don’t forget to include:
12. Summary of start-up costs/expenses
This section of a business plan template is also known as “Industry Analysis.”
The Market Analysis part should include:
Making a customer analysis or customer profile – basically an analysis of your company’s customer base – involves the following three key steps (preceded by a question):
With that said, the Customer Analysis part of a business plan template should therefore include:
a. Customer Buying Criteria
b. Purchase Process and Patterns
The whole concept embracing this segment of a business plan template can be encapsulated in three words: “Know thy competitors.”
Competitive analysis principally involves knowing your competitors on a broader and deeper level. It entails understanding their objectives, recognizing their strong points and limitations, and identifying their marketing strategies, to name a few.
It's imperative for you to forecast how your competitors will react with your company’s presence in the market. What will they possibly do when you enter the market and get your hands on their market share? Sounds like war, agree?
To ensure you won’t be trampled down by your competitors, include the following information under Competitive Analysis:
If you’re looking for financiers and investors, the potential ones will want – no, demand – to know your company’s marketing plan. Why? The marketing plan will tell how your company will perform in the market, move ahead of the competition, and, ultimately, earn money (for you and for them).
This particular part of a business plan template, a roadmap (marketing plan) within a roadmap (the whole business plan), contains the following subsections:
That’s one critical aspect you’ll be dealing with under this section of a business plan template. That and the day-to-day operations and the physical or tangible things that you’ll need to run your business, such as:
Note that an operations plan depends on the kind of business you have and how large it is. The operation plan, for example, of an international shipping company will include more components than that of a home-based travel agency.
Even so, the Operations Plan part should include these subsections:
You have reached the part of the business plan template where you will describe the management and organization of your company.
This section may include all or some of the following people:
Outline the major roles and responsibilities of the key people in your company. You may present their qualifications and industry experience in the form of a brief résumé.
A couple of tips when you start doing this part of a business plan template: one, be honest; two, be optimistic but at the same time realistic.
The Financial Plan section includes the following information:
You have come to the last section of a business plan template.
All the pertinent pieces of information that support the claims and data you presented in the different sections of the business plan, put them here.
The Appendices part may include the following:
Those are 12 integral sections or parts of a business plan template, each with several subsections.
So, the next time a business idea pops up in your head and you want to go for it, don’t just get excited and expectant.
Create first a business plan.
Make sure to include the parts of a business plan template enumerated here.
You want to earn high and succeed after all, right?
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