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Write a Business Plan Faster With a Proven Template
A business plan template can decrease the amount of time you need to spend on creating your business plan significantly. Basic templates are available for a nominal fee, but can often save you many hours or even days of work.
Outline, Format of a business plan , and Structure
A template will come ready with the structure you should work within, from the cover sheet to the appendices. The sections should be outlined, and hopefully include sample language with which you can gain a greater understanding of the intent of each section. The style, including the headings, fonts, margins, page numbering, etc., should all be set up as per industry standard practice. The effect of all of this work is to reduce the time you need to spend on these nitty gritty details, allowing you to move ahead to work on the content of the plan, undergoing a thorough research phase, and devising a successful business strategy.
The most timesaving portion of a business plan template should be the financial model, generally created in Excel where you a user can make adjustments and customize it to his needs. The template should come out of the box with a working financial model with the full array of pro forma (projected) financial statements (income statement, cash flow statement, balance sheet), all comprehensively interrelated so that a change in your basic assumptions will automatically update the statements. Preparing this kind of financial model by hand takes not only a high-level knowledge of Excel formulas, but a deep understanding of the accounting behind these statements.
Look for a template that comes with directions and notes on how to best customize each section to your own purposes. This kind of guidance is invaluable and will set a template apart from a sample plan which is presented "as is". The template should also have clear directions for the financial model to show you where you should enter your basic assumptions and other areas which will be generated automatically for you.
Want more tips? Here's a related article by Dave Lavinsky that was published on Forbes: "Business Plan Template: What to Include"
Finish Your Plan Today With Our Business Plan Template!If you want to create your own business plan quickly and easily, we now offer an business plan template that allows you to develop a professional business plan in hours or days, not weeks or months.
Visit this link to learn more: http://www.growthink.com/products/business-plan-template
OR, We Can Develop Your Plan For You
Our professional business plan writers can create your entire business plan for you. We will make sure your business plan is sound and ready for investors so you can continue to focus on running your business.
To speak with a Growthink business plan consultant, call 800-506- 5728 or complete the form below.
Important: Growthink will never share or sell your personal information and we will keep all business information completely confidential.