Your business plan is one of the most important documents for your new venture. major banks, most of which offer free templates to help you craft your plan. , UK policies. Keep up to date with Simply Business. Want to start a new business and need a quick and simple business plan? Here are Business Plan for Company Name at: Date. Address. Download our business plan templates and financial tables to help you get started. business, and how it will make money right from the start, and use simple.
You want to get to the point but not overlook important facts. This is also your opportunity to sell yourself.
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But don't overdo it. You want prospective banks, investors, partners or wholesalers to be able to quickly read your plan, find it realistic and be motivated by what they read.
Review - Your business plan is there to make a good impression. Errors will only detract from your professional image so ask a number of impartial people to proofread your final plan. What to include in a business plan? A business plan provides direction, keeping you on track and is usually a requirement when you seek finance.
Depending on your business type, your plan could include the following sections: Title page - This describes what the plan is for and includes general information on your business.
Find out more on what to include in the title page of your business plan. Business Summary - A one-page overview written after your business plan is finalised. About your business - This is typically called the management plan or operations plan.
About your market - This is the marketing plan. It should outline your marketing analysis of the industry you are entering, your customers and your competitors. This section should also cover your key marketing targets and your strategies for delivering on these targets. About your future - This section covers your plans for the future and can include a vision statement, business goals and key business milestones. About your finances - The financial plan includes how you'll finance your business, costing and financial projections.
See the Finances section for detailed information on what to include on finances. Supporting documentation - List all of your attachments under this heading in your plan for referral.
When you have finished your business plan Review it regularly. Business planning is an ongoing business activity. As your business changes many of the strategies in your plan will need to evolve to ensure you business is still heading in the right direction. Read more about how to create a SWOT analysis. How will you turn the opportunity into a profit-making enterprise?
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This section will have a number of subsections, including marketing and sales, operations, and benchmarks.
You might also want to include outside advisors and experts, such as your accountants.
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Finally, many business plans include appendix sections featuring other graphs, tables, or notes that are too long or involved to include in the body of the plan itself. By keeping your audience in mind at all times, you can help to ensure that you stay on track. Remember to keep your plan snappy. Keep it simple, stupid! You might even choose to build a presentation deck to give the toplines from your plan in an attractive, accessible format. The best ones guide you through the process step by step, giving you the questions and hints you need in order to structure your document properly.
This cloud-based software helps you structure your business plan properly, but its best feature is its fully-functional forecasting section. This allows you to plug your numbers into a simple interface, which then generates attractive charts and graphs for you to embed in your document.
How to write a business plan - a step-by-step guide for new companies
However, if money is tight there are a few free options to help you create a great business plan. Your first stop should be the websites of the major banks, most of which offer free templates to help you craft your plan. For example, are you specifically a portrait photographer? By identifying your specialism, you will also find it easier to identify your competitors.
You should also think about your marketing channels. It might be that most of your potential customers will be local to you, in which case you should investigate things like Google My Businessalong with local business directories. You might find it useful to include a separate section in your plan outlining some sample menus, explaining what makes your offering unique or attractive.
You should also think carefully about your personnel section - for example, why should investors be excited about your head chef, and how will the front of house staff be trained?