Business Plan templates
What is a business plan?
A business plan is a guide for an organization. It outlines the goals of an organisation’s team and the strategies needed to reach them.
Who uses a business plan?
Business plans are used by investment-seeking entrepreneurs who aim at conveying their vision to potential investors, though they can also be used for other purposes. For example, a business plan can be used to attract key employees, prospect a new business deal, create partnerships with suppliers, or to depict how management can better manage their firm.
A business plan contains features with a variety of purposes, such as the following:
Explain the company’s business model, which shows where and how the company will spend its budget, bring in revenues and make margins.
Identify key assumptions and trends underlying financial results for the company (should this be business volume, market demand, competitor actions, or prices of goods and services crucial to the business). These can then be tracked and assumptions updated accordingly.
Help management plan out and prioritise business objectives. This then enables teams to set out their key performance indicators for financial and non-financial objectives, as well as key factors that need to be met to reach the given objectives of the business plan.
Project future financial scenarios and the financial performance of the firm, should this be for the founders, investors or potential investors.
Depict and measure significant risks that could lead to both unexpected financial situations and performance digits. Also, a business plan describes the strategies to be taken if the latter happens.
How long does a business plan template need to be?
The purpose of your business plan ultimately determines its length. If you seek major funding in seed capital to start a risky venture, then a lot of explaining and convincing will need to be included within the business plan template. However, if the plan is meant for internal purposes, then the business plan template can be shortened.
Is a Business Plan always right?
No, a business plan is in essence never correct, and for this reason, it must be reviewed and revised regularly. Given that market conditions change, new opportunities come up- strategies will need to be changed. It is key to keep in mind that a business plan should be a dynamic document that you can maintain in your computer, and edit accordingly as time goes.
What are the most common business plan types?
One-page plan/ The mini-plan: A coherent business plan that is key for getting in the door and for early stage companies that like to lay out their ideas in broad strokes. These can have very casual language and not much polish.
Internal business plan/The Working plan: This is a business plan dedicated to business strategy, milestones, metrics, budgets and forecasts. Ideally, it is a management tool used to guide growth of both startups and existing businesses, that comes long in details but short of presentation. The purpose is to ultimately use it to operate the business.
External business plan/The presentation plan: this business plan is rather formal. It is designed to be read by outsiders, should this be for to-be-convinced top venture capitalists or to support a loan application. It must be in a high degree of polish and should focus on high-growth aspects of the firm and the team that will deliver the promised. Do keep in mind that in a formal business plan template, an executive summary, a company overview, product information/services, financial planning details and information about your team will need to be included.
What to cover in a sample business plan?
• business concept: Industry, business structure, product or service and how you plan to make your business succeed should be described here.
• marketplace section: Description and Analysis of potential customers, who and where they are, what makes you buy them and details as such, should be included here. Also, you may add information about competitors and what strategy you’ll use to keep yourself in the market.
• financial section: this should include your income and cashflow statement, balance sheets and other financial ratios. You can get samples of these tools as parts of your sample business plan on the Eloquens Finance catalog.
If you would like a business plan sample dedicated to one of the latter purposes, the Eloquens catalog contains a variety of business plan samples and business plan templates for you to customise to your own business.
Also, for more information on the business plan, you can have a look through the links below:
- Have in a single page, the essentials of your future business in a very organized manner347 remove_red_eye51
Financial Projections Model for Business PlansA financial model for projecting financial results for a 5 year period. Co-authored by Frank Moyes159 remove_red_eye26
Matrix Technology/ MarketsShow the value of disruptive technologies meeting specific markets193 remove_red_eye37
Porfolio Presentation SummaryGive a quick overview of your portfolio of companies/investments in a slide103 remove_red_eye16
P&L projections explanationsCreate an annotated short-term outlook of your company's P&L evolution.137 remove_red_eye21
Product development synergiesProduce a checklist of skills to analyze two business' synergies.74 remove_red_eye16
Financial risks evaluationHighlight and explain the financial risks of a revenue statement scenario.86 remove_red_eye17
Acquisition SynergiesCommunicate the main synergies between your group and a company you are considering for a potential acquisition69 remove_red_eye14
4-year streamlined revenue statementA simplified format of 3 business units' revenue statements over 4 years.74 remove_red_eye15
Activity Strategic Positioning MatrixGive a quick overview of the strategic positioning of your corporate activities in a slide for investment decisions71 remove_red_eye14
Circle of virtuePresent the key elements that define the integrity of your product, idea or company.56 remove_red_eye10$1.50by WMI Consulting
Single interview reportReport on subjects discussed with one interviewee and summarize the most important conclusions of your interview.62 remove_red_eye11
Comprehensive description of an idea / conceptPitch the features of your idea in a way that will qualify it positively for your audience.83 remove_red_eye14$7.50by WMI Consulting
Values - team spiritThis slide presents your values around a football theme.71 remove_red_eye13
Values with central imageAffirm your values and straightforwardly present your company's identity.48 remove_red_eye10
Values with full screen imageState your company's 2 - 3 central values with an inspiring large-scale image64 remove_red_eye13
Business Model ManufacturerA model for performing a valuation of a manufacturing company68 remove_red_eye11
Business Model Loyalty CompanyA set of financial tools relevant to a loyalty company26 remove_red_eye7
MOBI Business Plan TemplateWrite the narrative of your small business to clearly share your vision with investors, employees and suppliers86 remove_red_eye13
Creation of operational strategy - MethodologyThe key milestones in building your operational strategy.32 remove_red_eye8$4.00by WMI Consulting
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