Formatting A Business Plan

Instead, to help build a complete and effective plan, lean on time-tested structures created by entrepreneurs who have come before you.

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That’s why we put together a free business plan template to help you get started.

Get the template It’s tempting to dive right into execution when you’re excited about a new business or side project, but taking the time to write a business plan and get your thoughts on paper allows you to do a number of beneficial things: A business plan can be as informal or formal as your situation calls for, but even if you’re a fan of the back-of-the-napkin approach to planning, there are some key benefits to starting your plan from an existing outline or template.

The easiest way to simplify the work of writing a business plan is to start with a business plan template.

You’re already investing time and energy in planning your small business—there’s no need to reinvent the wheel when it comes to formatting your plan.

Once you’ve done the strategic work, it’s time to put it into action and write your plan.

Download the business plan template, and review our guide on writing a business plan for additional information.

The executive summary is an overview of the entire business plan and will either capture the readers attention or make them lose interest before reading any further.

A crucial part of the business plan, the summary will basically tell readers the history of your company, where it is today and what direction it is headed; this is where you sell other on the potential success of your business idea.

Include in this section a description of the industry, information on your target market, evaluation of your competition and market test results.

Brief description of your company including the nature of your business and factors that will make your business a success.

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