Business Plan Template - Outline a Plan for Growth and Revenue
You're about to embark on the most difficult part of your business-the plan for it. For that, you absolutely cannot do without a business plan template.Why do you need to outline one? A business plan template is a clarification of why your business is doing what it's doing (for the information of stockholders), what it's planning to do (for clarification to the staff) and, most importantly, why this new plan is a good one (for purposes of funding). Money, in other words, is the bottom line in a business plan template.
A template tells a prospective lender, stockholder or investor that your business has a good idea, will market it well, and will make it turn a good profit for all concerned. No investor puts any money into anything unless he knows hell get a return (the quicker the better, in most cases) on his investment. So the business plan outline template is a catalog, a listing of what the plan is composed of, and what elements in it will make money.
Be aware that many entrepreneurs do a slow fade when they confront a job like this one; in fact, this is the point at which most businesses fail, in the creation of the plan. Even though many websites will offer a business plan template free, the owners are still looking at 50 to 100 working hours writing it out. Its a massive undertaking, and best left to those who are serious about running a business and getting the money for funding it.
The business plan template must first of all include analyses - of the company, of the industry of which the company is a part, of the potential customers the business will have, of the competition the business will face. This involves many, many hours of market research, results tabulation, charting and graphing, and finally analyzing the gathered data to find out how well the plan will work.
Once that hurdle is overcome (and it's the biggest part of the template), most plans now consider how to market the products they sell. This is where the research data switches to that of advertising/market strategies and the best ways to sell to groups of people who will most likely be the companys customers.
Methods of the business' management, finance and operations are considered next-what are the best ways to run the company efficiently, with a certain number of workers at a certain salary with certain overhead costs, so that there is still a clear profit? How is the company to be handled financially? Once the money starts rolling in, how do we bank it, invest it, payroll it and otherwise divide it up for profit and loss? Then there is the plan of operations-how, once the money is coming in, does the company improve its sales, its products and its capacity for output?
It's a daunting task to get investors to put money into your ideas, and the plan for it must be as sound and well-researched as possible. And that is why you need a business plan template.