Free Business Plan Templates
A great guide on how to
use Free Business Plan Templates!
The nature and purpose of
planning is an activity we all engage in every day. Planning gives us
the methods in achieving a desired result. This comparison also holds
true in defining business goals. The use of these free business plan
templates will help provide direction, set goals, and provide a sense
of purpose to your organization or enterprise. Business plan templates
are the first step in the conceptualization of a formal business plan.
Free Business plan templates serve as a guide in the comprehension and
understanding of the due diligence required in the completion of a
final business plan indicative solely for your business. Business plan
templates are worksheets based on the concept of what your final
business plan must include. A business plan template helps formulate
content by asking questions relative to requirements used in a formal
business plan.
A business plan template must include the following guidelines:
1. Establishing the basic business
concept of your enterprise
2. Analyzing the intended market
3. Developing action plans including
contingency planning
4. Reviewing financial requirements
5. Refining the planning model
6. Final development of the business plan
During the development of your business
plan, you must clearly define the type of market you are
pursuing and the desired goals
for your business
enterprise. Once you have a well-defined business plan containing
specific attainable goals, you can establish the methodologies to
proceed in your business venture.
Free Business Plan
Templates
Most business plans are
developed either to gain financing for start-up or expand their
existing business or simply because they have been told to do so.
Regardless of the rationale behind wanting or needing to write a
business plan, you must realize that the development of a business plan
must have deliberate due diligence in your intended market and set
specific attainable goals.
For every goal or assertion stated in your business plan, you must be
able to justify each goal with either a detailed quantifiable or
quantifiable risk assessment. A business
plan spells out a company's action plan for a specific
period. It should clearly explain the what, why, when, who and how of
the company or organization so that any reasonable party can clearly,
concisely, and efficiently understand your business concept.
This is an example of a business plan outline that would be applicable
to a manufacturing organization:
1.0 EXECUTIVE SUMMARY
1. Business Objectives
2. Mission Statement
2.0 COMPANY SUMMARY
1. Company Ownership
2. Company History
3. Products and Services
3.0 PRODUCTS AND SERVICES
1. Engineering
Services and Resources
2. Standard Products
3. Operational
Overview
4.0 INTELLECTUAL PROPERTY
1. Patents
2. Core competencies
5.0 CUSTOMER SERVICE and PROGRAM MANAGEMENT
1. Internal and External Customer Support
6.0 QUALITY ASSURANCE
1. Quality Statement
2. Quality System Standards
7.0 STRATEGY AND IMPLEMENTATION SUMMARY
1. Marketing Strategy and Product Promotion
2. Sales Strategy and Forecast
3. Contingency Planning
8.0 MANAGEMENT SUMMARY
1. Organizational Structure
9.0 FINANCIAL PLAN
1. Capital Budget
2. Expense Budget
3. Revenue Streams
Proper planning is essential to the conception, growth, management, and
ultimate success of any business. Do not underrate the importance of
dedicated resource planning and significant tools such as using a
business plan template when starting in the development of your formal
business plan.
Related Articles - Free Business
Plan Templates:
How
to Plan a Business
Making
a Business Plan
Example Business Plan
Marketing Business Plans
Examples
of Business Plans
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