How to Write a Basic Business Plan (with Sample Business Plans)

 

how to do a simple business plan

A business plan, as defined by Entrepreneur, is a “written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a Author: John Rampton. It's a biz plan, not a doctoral thesis! Find out why an elaborate plan can weigh you down -- and how to keep it simple. When I first started working with business plans back in the late s, the Author: Tim Berry. Jul 16,  · It might even be all the business plan that you need. But, if you do need to expand your one-page business plan into a more full-fledged plan that includes more details on your company and your target market, you can follow our step-by-step guide for writing a detailed business plan, download our free business plan template, or review any of /5(4).


Write your business plan


If you are thinking about starting a small business, you most likely already know what a business plan is and have heard that you need one. But do you truly understand the purpose of a business plan? Does it really matter if you have one for your small business? And how can you create a small business plan that is actually useful? The introduction and tips below will lay the groundwork for creating an effective small business plan for your new business.

In it's simplest form, a business plan is a document that outlines the basics about your business, products, how to do a simple business plan, and services; the market you are targeting; the goals you have for your business; and how you will achieve those goals.

A business plan is one of several important plans you should have when you are starting a business, the others being a marketing plan and a financial plan. Your how to do a simple business plan plan should pull all three of these plans together, incorporating elements of your marketing plan and your financial plan into a comprehensive document.

Think of your business plan as a map or blueprint that will guide your business from the start-up phase through establishment and eventually business growth. There are many reasons why you how to do a simple business plan a business planalthough these reasons vary by the type of business you are starting and how you intend to use your business plan.

But the common thread for all businesses is that a business plan is necessary. After all, how can you get your business launched and thriving without any type of written plan to help you? So, you know you need a business plan. The next question to consider is what type of plan is the best fit for your small business.

There are actually many types of business plansincluding start-up plans, internal planning documents, strategic plans, operations plans, and business plans created to focus on growth. Each of these types of business plans have different objectives, but all of these versions generally fall into one of two primary formats — a traditional business plan also called formal or structured or a simplified business plan often called a lean or one-page business plan.

A traditional business plan is what most how to do a simple business plan business owners think about and often fear when they hear the term "business plan. The not-so-great news is that a traditional business plan takes a long time and an immense amount of research to complete. The good news is that not every business needs a traditional business plan, how to do a simple business plan.

That brings us to the second business plan format — the simple or one-page business plan. A one-page business plan is a streamlined and brief business plan that you can use as-is or as a starting point for a traditional business plan. While this is a leaner version of the traditional business plan, you will still need to gather information that is specific to your business in order to create a plan that is truly useful for you.

Be prepared to answer the following questions as you create your simplified business plan:. Once you have answered each of these questions, you will have a working business plan that you can use immediately to start taking action in your business. Creating a business plan will take you undivided time and attention, but there are business planning tools available to help streamline the process, many of them available for free.

There are templates available, including a simple business plan template and a traditional business plan template. There are also many business plan tutorials available, including video business planning tutorials, how to do a simple business plan.

And let's not forget about all-in-one online tools like the SBA Business Plan Tool and services like RocketLawyer that take away a lot of the time required to format and organize your business plan. As you get started with your small business plan, explore these additional business planning tools to see how you can streamline the process even further, how to do a simple business plan.

One mistake many small business owners make is creating a business plan because they are told they need one, and then completely forgetting about it. Once you have business plan created, consider it an internal tool you use on an ongoing basis in your business, updating it as necessary so it remains current.

Remember that the most effective small business plans are those that are used as a living document in the business to help guide decisions and keep your business on track. Small Business. Business Plans. By Alyssa Gregory.

 

Simple Business Plan Template for Entrepreneurs

 

how to do a simple business plan

 

A business plan, as defined by Entrepreneur, is a “written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a Author: John Rampton. Bplans offers more than free sample business plans in a wide variety of industries. If you're looking for a tool to walk you through writing your own business plan step by step, we recommend LivePlan, especially if you're seeking a bank loan or outside investment and need to use an SBA-approved. Jun 25,  · The good news is that not every business needs a traditional business plan. That brings us to the second business plan format — the simple or one-page business plan. A one-page business plan is a streamlined and brief business plan that you can use as-is or as a starting point for a traditional business plan. While this is a leaner version of Author: Alyssa Gregory.