Would You Like To Create Your Own Business Plan Template?

Are you running a home-based Internet business ?

If you are, chances are that you have a variety of concerns. Frightened of losing all your money? Worrying about your ignorance ? No time for other important things in life?

You might like multi-tasking. But in the attempt to be so, you might not get time to enjoy the fruits of your hardwork .

Have you considered the questions below:

Ever wished you had more time? Specialized knowledge, tools, and technology that are more easily accessible?

Ways to get more traffic ? Better visit to sales ratio? Experts you could turn to whenever you had questions?

Business Plan Template

Business templates are pre-written documents (boilerplates) that you can customize according to your needs. A good quality template for business will help you save a lot of time. No business person should spend valuable time writing business documents or contracts when professional templates are available.

Business plan template is a fully developed and completely written generic business plan, not just an outline. All you need to do is replace the generic information with the specifics of your business, and you will have a great first draft of a plan. It will look as if you spent thousands of dollars for a consultant to write it for you.

The latest version includes these features:

• Full business plan text written by a business plan consultant gives your plan a truly professional look.
• Organization of the material enables you to present the kind of information to those lenders and investors that want to see.
• Save time and effort: Formatting is done saving your hours of work while allowing you to focus on content.
• Tables are preset so you can simply fill in the blanks.
• Act professionally and improve your overall productivity.
• Customizing the templates with MS Word & Excel
• Auto-Fill feature to automatically enter your information

Ensure the following issues in your business plan template

Introduction: It should give a clear picture of your company and its background. Include the general nature of the business, what your product or services is and why it is unique, and why you believe the business will be successful. If you are taking over or expanding an existing business, describe any relevant history.

How will the business satisfy customer needs? How did you choose and develop the company's products/services, and how are they unique?

Benefits to the Community:

Economic Development

Describe jobs created by the business and mention the following concepts.

• How you will purchase for the business and how it helps other local businesses and any additional information.
• How will the company's goods/services help the community?

· How will the business help its employees?

Company Analysis:

Form of Business Ownership

• Will your business be a sole proprietorship, partnership, or corporation? Why?
• Describe any necessary licenses or permits and your plans for obtaining them.
• Will yours be an independent business, a takeover of an existing business, an expansion of an existing business, or a franchise?

Industry Analysis

• In what industry does the business operate? Who are the competitors?
• Have any other businesses recently entered or exited the industry?
• How will the business be profitable, and what are the growth opportunities?
• Describe any e-business opportunities.
• Any additional information.

Management Team

• Who are the key members of the business team? How will the company be structured?
• How is the team balanced in terms of skills?
• What is the company's management philosophy and culture? What is your leadership style?
• Describe the key management positions and compensation for those positions.
• What other professionals will assist the management team?
• Any additional information.

Manufacturing and Operations Plan

Location and Space Requirements

• Where is the planned location?
• Discuss the location's proximity to customers and suppliers.
• Discuss tax rates and zoning requirements for the location.
• Discuss transportation issues.
• Discuss utility costs.
• Will you rent, lease, or purchase the facility?
• Any additional information.

Marketing Plan

Target Markets

• What is/are your target markets and what common needs can the business satisfy?
• What are the current needs of each target market? Describe the target market in terms of demographic, geographic, psychographic, and product usage characteristics.
• What changes in the target market are anticipated?
• What advantages and disadvantages do you have in meeting the target market’s needs?
• What are the relevant aspects of consumer behavior and product use?
• Any additional information

Marketing Objectives

Describe your product introduction, improvement, or innovation. State the market size in dollars and units. Indicate your primary and secondary sources of data and the methods used to estimate total market size and your market share. Mention your distribution plans, pricing objectives, and your advertising promotion efforts.

Financial Plan

Startup and Operating Needs

• How much money do you have, and what is the actual amount of money you need to open your business (start-up budget)?
• How much money is needed to keep the business open (operating budget)? Prepare a realistic budget.
• What sources of funding do you anticipate?

Financial Statements

Prepare an income statement by month for the first year of operation and by quarter for the second and third years.

Prepare balance sheets for each of the first three years of operation.

Financial Analysis

Prepare a breakeven analysis. How many units of your products or service will have to be sold to cover your costs?

Reinforce your final projections by comparing them with industry averages for your chosen industry.

Give priority to the following issues:

• Equipment
• Exit Strategy
• Critical Risks and Assumptions
• Labor Force
• Labor Requirements

Selection, Orientation, and Training

Evaluation, Policies, and Rules

• Appendix