Simple Business Plan Template business plan A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. Business Planning The process of creating the business plan which is —1 A statement of long-range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, and a cash flow source and application of funds statement.
Repeating key messages within a chart, in the title, annotations, and captions, may improve viewers understanding and recall of those messages.
Use one feature color to tie your business plan together Color should be used with restraint in professional documents like business plans. Instead of adding color solely for aesthetic purposes, think of color selection as another tool to highlight information you want your reader to focus on and to tie the document together.
In business plan charts, color should be used only to clarify trends and relationships. Use color to emphasize single important data points, differentiate between real and projected values, or group related data: At most, use it to make headers stand out or to highlight key points in long-form text, diagrams, or tables.
The nice thing about a keeping document colors this simple? When and how to use charts in a business plan Charts, tables, and diagrams should be used in a business plan to summarize and present research that backs up your ideas and strategies.
Aid understanding of market size and market share with area charts and pie charts A market potential analysis is a fundamental pillar of your business plan.
Market size and market share are two major components of a market potential analysis.
These numbers are typically in the millions and billions the bigger the better, reallybut most people have trouble grasping the meaning of such big numbers. At a surface level we can understand that one billion is one thousand times larger than one million, but we often struggle to comprehend what that really means.
This is the perfect opportunity to add some visual aids to your business plan. Use bubble charts to represent market size Bubble charts are useful for showing general proportions among numbers.
To help readers make slightly more accurate judgements of proportion: The way Uber breaks down their market with a simple donut chart makes their biggest segment a key takeaway really stand out, while the subtler differences between the smaller segments are still evident.
Use histograms and bar charts to represent demographic distributions in market segmentation summaries Another part of analyzing market potential is about identifying and understanding target customers. This means segmenting customers by geography, interests, demographics…really anything that might affect purchasing behaviour.
Two standard metrics that most businesses include in a market segmentation summary are customer age and gender.
These data are easily summarized in a histogram, with bars that represent age group distribution. Use them together to identify and present information about top customer segments.
Use organizational flow charts and summary tables for budget breakdowns and financial summaries The financials section of your business plan will get a lot of attention from investors. If your business has already been operating for some time, investors will expect a detailed report of revenues and expenses.
Tables are usually the best choice for this kind of financial summary, as they provide an unbiased view of the numbers and allow investors to look up specific values. Outline higher-level budget allocation with an organizational flow chart. Outline major milestones with a Gantt chart Investors will want to see that you have a concrete plan in place to help you reach your revenue goals.
When formulating your goals, use the SMART principle to provide investors with a very clear vision of how you intend to achieve them. Use a Gantt chart a sort of modified bar chart to outline the major milestones and phases of your business strategy.
Try to include a multi-year plan, broken down by quarter and by project or department. Differentiate yourself from your competitors with a comparison matrix or Magic Quadrant Every business plan should include an analysis of the competitive landscape—an assessment of the strengths and weaknesses of competitive businesses.
In terms of visuals, this competitive analysis is typically summarized in a SWOT matrix. To highlight those offerings that set you apart from your competitors, a comparison matrix is more effective: This kind of visual presentation is particularly effective when your business occupies an existing gap in the market.
Source Conclusion A business plan is the one key document that every young business needs to present their vision to potential investors. The quality of a business plan can make or break a young business, so make sure you follow these easy design tips to make an effective business plan: Start with a business plan template to give yourself a framework to work within Make your business plan skimmable with bulleted lists, bold text, and a clear type hierarchy Keep your business plan format clean and consistent Use descriptive titles and annotations to spell out chart takeaways Use one feature color to tie your business plan together Summarize supporting data in charts and tables: Startup Business Plan Template.Fulfillment by Amazon (FBA) is a service we offer sellers that lets them store their products in Amazon's fulfillment centers, and we directly pack, ship, and provide customer service for these products.
A business plan can provide essential background information on your business, strategy, and culture to employees, including managers and staff, as your business grows.
A business plan is an essential first step when starting your business. Read about our template to guide you through creating your own.
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If you’re one of those who’s looking for a simple, effortless and straightforward way to write a great business plan, today’s your lucky day! This article contains a long list of free sample business plan templates that will give you the easy start you really need to write your own business plan.
With simple fill-in-the-blank inputs, simple but powerful financial forecasting, and beautiful business plans, you'll go from template to complete business plan in no time. In fact, LivePlan is way more than your basic business plan template.