How do you know what elements need to be included in your business plan, especially if you've never written one before?
How do you know what elements need to be included in your business plan, especially if you've never written one before?Looking at examples can help you visualize what a full, traditional plan looks like, so you know what you're aiming for before you get started.There are many things you will need to cover in your proposal letter.
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.
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.
Bplans offers more than 500 free sample business plans in a wide variety of industries.
If you're looking for a tool to walk you through writing your own business plan step by step, we recommend Live Plan, especially if you're seeking a bank loan or outside investment and need to use an SBA-approved format.With a user-friendly interface and a great variety of features, this web-based sales proposal software comes fully loaded with a library of sample proposal templates for a wide range of fields.All you have to do is to select the template for your project, fill in the necessary information, and send it to your client.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.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.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.Here's how to get the most out of a sample plan: You don't need to find a sample business plan that's an exact fit for your business.Your business location, target market, and even your particular product or service may not match exactly to the plans in our gallery.