Business plan template

Business plan templateA well-written business plan is an essential tool for any business. Not only can it help you attract funding, it can also help you test your business idea.

What do I need to include in a business plan?

Most business plans cover the next 12-36 months and include the following:

  1. Outline the aims and goals for the business and how the business owner plans to achieve those goals.
  2. The background of the business
  3. Introduce the business's management team.
  4. Set of sound financial projections including:
    • profit and loss forecasts,
    • a breakdown of how much money will be required to set up and run the business,
    • sales forecasts,
    • pricing strategy.
  5. Overview of the market the business operates within, the customers the business plans to target and what marketing methods will be used.
  6. Assessment of comparative strengths, weaknesses, opportunities and threats posed by rivals within that market.
  7. The last thing to be written is usually the executive summary - which should appear at the front of the business plan. It rounds up all the detailed information contained in the main body of the business plan.

A business plan does not need to be a lengthy document but should provide the key elements.

Free business plan templates

Download free simple business planning tools from the Prince's Trust website.

Download a free business plan template from the Start Up Loans website.

Download a free business plan presentation template from Microsoft.

Download a free elevator pitch template from Microsoft.

Download a free cash flow statement from Microsoft.