No, still got questions? A business plan is simply a document that contains a summary of your business goals and a roadmap showcasing how you aim to achieve them. Having a business plan helps when you're seeking a loan or investments as it instils trust that your business idea has potential. It helps reduce the risk factor, set achievable goals, and helps you manage the finances of your business.
A business plan is beneficial for entrepreneurs of any industry. Drafting your business plan will help better navigate your business. It depends on your requirements. For a quick one-page business plan, you can use a lean business plan. Again, it depends. If you are well aware of the process and have an ample amount of disposable time in your hands, then you can draft your business plan all by yourself.
On the other hand, if you don't know the process and need a professionally written business plan, you can hire a freelancer, an expert,or a business strategy company—depending on your budget and time constraints. There are numerous websites that provide samples. A quick Google search can help you find the perfect sample based on your business requirements.
You can take a look at these sample business plans to get started now. A few things to remember while drafting your business plan are to keep it short and crisp, realistic, creative, and make it adaptable. You will need to constantly revise your plan as your business grows. Prioritize concisenessover length. This way, you ensure that your business plan is easily interpretable and gets the message across.
Several websites offer tools to help you do your research. We suggest the U. However, if your needs are quite expensive and you intend to customize your business plan regularly, a business planning software can help ease the work load. The length of your business plan depends on the type of plan you choose. There are one-page business plans that offer easy and practical planning.
Then you have traditional business plans that usually vary from 20 to 50 pages. Create an account and let's get started. We are in the process of starting a new business and Upmetrics has been invaluable for modeling realistic financials. Getting a feel for which knobs to turn to improve the chances of success, being able to see the development of your revenue, cash flow, etc. Having complete control over the numbers and the business plan has been instrumental in being able to raise funds from investors.
Being able to go online and pull up the numbers directly in front of investors really impresses them. A great product that keeps getting better. When I started developing my business idea, I needed a business plan. After trying a few online business plan services I found Upmetrics.
The templates really sold me on the service as they saved me a ton of time, pro-typing my idea. Upmetrics also has powerful tools that were easy to learn, great customer service and the perfect price. After trying Upmetrics, I wish to highly recommend this app to anyone who needs to write a business plan flexibly and to a high standard.
Seriously, forget about LivePlan, Bizplan or Cuttles. I've tried them all! Thank you Upmetrics for your excellent customer support. Been using Upmetrics for my crypto startup and can only recommend it. The hours I spent searching for an online business plan template was countless.
I love how they are providing an explanation for every single step. You'll get guided from the beginning to the end. Had some questions and their support service replied and helped in less than 24 hours. Kinda cool! Create an account to write your business plans. Upmetrics is loved by beginners and experts, teams and individuals. Already have an account? Log In. Sample Business Plans We have created a library of sample business plans for all industries to help you start writing your business plan.
Select your business plan category Food and Restaurant Services Real Estate Software and Mobile App 9. Education And Training 5. Medical and Health Care 5. Retail and Online Store Transportation Farm and Food Production 7. Nonprofit 3. Manufacturing 8. Others Need professional business plans faster? Share On. Your business location, target market, and even your particular product or service may not match exactly to the plans in our gallery.
But, you don't need an exact match for it to be helpful. Instead, look for a plan that's related to the type of business you're starting. For example, if you want to start a vegetarian restaurant, a plan for a steakhouse can be a great match. While the specifics of your actual startup will differ, the elements you'd want to include in your restaurant's business plan are likely to be very similar.
Every startup and small business is unique, so you'll want to avoid copying a sample plan word for word. It just won't be as helpful, since each business is unique. You want your plan to be a useful tool for starting a business —and getting funding if you need it. One of the key benefits of writing a business plan is simply going through the process. When you sit down to write, you'll naturally think through important pieces, like your startup costs, your target market , and any market analysis or research you'll need to do to be successful.
You'll also look at where you stand among your competition and everyone has competition , and lay out your goals and the milestones you'll need to meet. Looking at a sample plan's financials section can be helpful because you can see what should be included, but take them with a grain of salt.
Don't assume that financial projections for a sample company will fit your own small business. If you're looking for more resources to help you get started, this guide on how to write a business plan is a good place to start. You can also download our free business plan template , or get started right away with LivePlan. Think about business planning as something you do often , rather than a document you create once and never look at again.
If you take the time to write a plan that really fits your own company, it will be a better, more useful tool to grow your business. It should also make it easier to share your vision and strategy so everyone on your team is on the same page. Keep in mind that businesses that use their plan as a management tool to help run their business grow 30 percent faster than those businesses that don't.
For that to be true for your company, you'll think of part of your business planning process as tracking your actual results against your financial forecast on a regular basis. If things are going well, your plan will help you think about how you can re-invest in your business. If you find that you're not meeting goals, you might need to adjust your budgets or your sales forecast. Either way, tracking your progress compared to your plan can help you adjust quickly when you identify challenges and opportunities—it's one of the most powerful things you can do to grow your business.