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Business loan Cash advance against credit card income Loan for equipment purchase Equipment lease Commercial mortgage loan2. You can go back in and edit it as needed, so don’t worry about having everything ready the first time you sit down to tackle it.
A template is great — you probably aren’t doing anything that hasn’t been done before, so it provides a proven structure for your plan. Check out these comprehensive business plan templates you can download for free to get you started: Score is an American nonprofit dedicated to helping entrepreneurs get their companies off the ground.
Its template, available as a PDF or Word download, asks a whopping 150 questions and is generic enough to customize for most types of businesses.
Some funders are going to want to see a lot of detail, but you can provide that in appendices.
The $100 Startup, the website for the best-selling book of the same name, has a ton of stripped-down resources for entrepreneurs, including this super simplified business plan template.
You can download it free with a trial subscription, but you’ll have to remember to cancel it within the week if you don’t plan to continue using it.
The SME Toolkit, jointly offered by IFC and IBM, offers a simple two-page outline of what should be included in your business plan to meet the minimum requirements of funders and tax authorities (in the U. It contains 10 broad sections, including market analysis, management and organization, etc., with a one-paragraph explanation of each.Santa Clara U’s MOBI is an initiative of its Center for Entrepreneurship and Innovation at the Leavey School of Business.On the site, you can download each of the 15 business plan sections individually as Word documents, or grab all 15 together in one doc.Creating your business plan is more than just getting your ideas down on paper for potential funders to see.It’s an exploratory process in which you can evaluate your options, test your assumptions about your idea, and even discover new opportunities.This is particularly helpful if your idea isn’t fully fleshed out and you know you have homework to do — it prompts you for information.Who said a business plan has to be a long, complicated document? In fact, if you’re like a lot of entrepreneurs, you’re probably going to find yourself pulling a few all-nighters to get one done before heading into your first pitch for funding. It’s definitely not the most exciting part of starting a business.A lot of those mistakes (most of them, in fact) are the result of poor planning.Bad location, a marginal niche, having no specific user in mind, raising too much or too little money — all of these issues can be prevented or at least mitigated with good planning.