In this article, I am going to write a standard business plan outline that you can use as a template in drafting yours. The section shows how you going to market your products and services and generate recurrent sales.
Business Plan Format Contents Table of Contents Your contents page should be the very last thing you write to ensure that all the page numbers are correct.
This should explain how the business was started, what inspired a standard business plan format to start it, the date the business was established etc.
A standard business plan outline is like the plan of the business plan. Market trends This is about identifying the different changes that is happening in the market and the effects they are having on your business.
This is why it is absolutely necessary to have a business plan on ground before you start a business. Industry Overview This should explain the industry your business is, why you choose that industry and how you plan to penetrate into that industry and establish a formidable business there.
It also talks about the revenues that the business is expected to generate and how it will be dispensed. So, for your business not to fail, you need to write a business plan and for you to write a viable business plan, you will first have to draft a standard business plan outline.
Some of what should be contained in this section of a business plan are: Competitive Analysis This should explain who your competitors are, what they are doing, the effect both positive and negative effects they have on your business and the edge you have over them.
It should contain the business budget and cash flow statements, assets and liabilities, expenditures and sales, revenue, profit made, and the sources of funding the business.
When you fail to plan for your business, then you are already setting up yourself for failure. The Target Market This is a brief explanation about your target market. Some of the points that must be addressed in the executive summary include: It should be about the problem your business intends to solve for its potential customers, what makes your solution unique and how the problem will be solved in a way that your prospects will subscribe to.
There are three primary parts of a business plan: Here are some of what should be in your business product and service description: Brief history of your business. Some of the contents will have different names and be presented in a different order but almost any business plan will cover these broad areas: This is important regardless of whether you have previous experience in that particular industry.
Each should be written by people who are fully aware of the contents and intricacies of the other areas of the plan so that the different sections are all integrated.
It should also pinpoint the opportunities offered by the market that your business can take advantage of.the business plan format In reality there is no standard format for the presentation of a good business plan.
Business plans vary in content and size according to the nature and size of the business concerned and on the emphasis that is placed on certain critical areas as opposed to others. 1 BUSINESS PLAN OUTLINE Use the following outline to summarize your business planning decisions.
Title each section of your written plan as indicated in the outline. Write, in your own words. Oct 03, · Sample business plans: Over free sample business plans from various industries.
Business plan template: This fill-in-the-blank business plan template is in the format preferred by banks and the U.S. Small Business Administration (SBA). How to start a business: An easy-to-follow six-step process for starting a new business/5().
Dec 03, · Your business plan outline is the first step in organizing your thoughts. And, when you follow the outline below, you ensure your business plan is in the format. A business plan in its simplest form is a guide – a road map for your business that outlines goals and details of how you plan to achieve those goals.
You don’t need to swallow the obsolete idea that a business plan must be a long, formal document as if it were a term paper. In the end, whichever way you write it, these elements should come in and show that its a good business to be in.
In that sense, I particularly like Sequoia's "Elements of sustainable companies".
It's a far better guide than any business plan template.Download