Are you looking for a business plan template for a business startup? Well, Growthink is the right place to start! Writing a business plan for a business start-up can be a daunting task, but it is an integral part of any successful entrepreneurial venture. A standard business plan operates 15 to 20 pages, but there is room for wide variation from that standard. The following is a powerful business plan template outline for a business start-up.
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Elements of a Business Plan
In other words, a business plan provides the goals for your business, the strategies you will use to address them, potential problems that your business may face and ways to solve them, Organize your business organization (including titles and responsibilities), and finally, the amount of capital needed to fund your efforts and keep it going until it breaks though. A standard business plan operates 15 to 20 pages, but there is room for wide variation from that standard.
There are three main components to a business plan:
The first is the business concept, where you talk about the industry, the structure of your business, your particular product or service, and how you plan to make your business a success. The second is the market section, where you describe and analyze potential customers: who and where they are, what is changing them and so on. Here, you also describe the competition and how you set yourself up to beat it. Finally, the finance section contains your income and cash flow statements, balance sheet and other financial ratios, such as break-even analyzes. This section may require assistance from your accountant and a good spreadsheet software program.
Violating these three main sections even further, a business plan consists of seven main components:
Executive summary
Business description
Market strategies
Competitive analysis
Design and development plan
Operations and management plans
Financial factors
Executive Summary for a Business Plan
Within the general framework of the business plan, the exact summary will follow on the title page. The summary should tell the reader what you want. Be clear about what you are asking for in the summary. This statement should be kept concise and entrepreneurial, perhaps no more than half a page. Within that space, you will need to provide a summary of your entire business plan.
