Pros of using a business plan template: A good business plan template can help you get your thoughts organized.
It can provide a guideline so you’re not stuck looking at a blank page trying to figure out where to start.
For a one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, supply chains, specialized equipment, and multiple employees, the operating plan needs to be very detailed.
The Operating Plan Section of the Business Plan will provide you with additional information about your operating plan.
Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound.
You want your business plan to convey the best possible physical impression; make it something people are going to want to pick up and look at.A standard business plan consists of a single document divided into several sections including a description of the organization, the market research, competitive analysis, sales strategies, capital and labor requirements, and financial data.The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground.Plus, it shows you the general layout of a standard business plan so you know what goes where and that you're not leaving out anything.A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like. That best way to find out whether you do or not is to do your research and write a business plan to see if your idea is feasible.The simple business plan template presented here will get you started.A corporate business plan for a large organization can be hundreds of pages long.However, for a small business, it's best to keep the plan short and concise, especially if you intend to submit it to bankers or investors.Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logos, business premises or site plans, etc.Potential money lenders and investors want solid research and analysis, not long, wordy descriptions.