Before you can even start your business, you need to write a business plan. The easiest way is to create a business plan from a business plan template! Business plans are the foundation upon which you’ll build everything else, and it’s also where you’ll determine how much money to raise, how much capital is necessary to get your idea off the ground, and how much risk investors are willing to take on. And make sure to download the Business Plan Templates.
The Best Business Plan Software
Our team at ClassReviewed.com uses special software for creating all our business plans! LivePlan is a cloud-based business plan software that helps you plan, manage, and grow your company. It’s specifically designed to make the process of building a business plan easier, faster, and more effective. Click here for access to the #1 Business Plan Software.
You can use the LivePlan Business Plan Template Software to:
- Fill-in-the-blanks Business Plan Templates
- Review real sample business plans to inspire yours
- No more messing with spreadsheets, LivePlan creates financial projections based on your current or planned revenue growth
- Track projected cash flow over time
- Measure actual performance against forecasted results
Business Plan Template
Below is the most common business plan template:
- Executive Summary (1-2 pages)
- Company Description (2-3 pages)
- Products and Services (1-3 pages)
- Marketing Strategy (1-3 pages)
- Sales Strategy (1-3 pages)
Sequoia Capital has invested in some of the greatest business ideas, including Paypal, Reddit, Tumblr, Zoom, Whatsapp, Yahoo, Google, Glossier, Youtube, Instagram, and Linkedin to name a few. So why do I mention Sequoia Capital? They have provided a “Business Plan Template” for you to copy at: https://articles.sequoiacap.com/writing-a-business-plan
Sequoia Capital Business Plan Template
- Company Purpose
- Problem
- Solution
- Why Now
- Market Size
- Competition
- Product
- Business Model
- Team
- Financials
How to Write a Business Plan
Writing a business plan is a challenging process. First, you must know your audience. Second, you must do some research on the market that you plan to enter and what competitors are currently doing in this area. Be honest as you evaluate your strengths and weaknesses. Third, you need to know know what financial projections are necessary for running this particular enterprise successfully over the next five years or more.
Finally, determine what it is exactly that you want to achieve with this company: Is it profit? Employee satisfaction? A good reputation? The best way to begin writing a business plan is by first identifying its purpose (e.g., explain how much money you need in order for it to become profitable).
How to Write a Business Plan 101
SBA Business Plan Tutorial
The Small Business Administration (SBA) is a federal agency that helps people start and grow businesses. SBA provides many resources to help you through the process of starting your business, including:
- A free online business plan template to guide you through planning
- A free checklist for evaluating your business idea and deciding if it’s viable
The SBA business plan guide and free online tools will help you find the right business for your skills and interests. The SBA also offers a variety of workshops, seminars, training sessions, and conferences in local communities. Check out: https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan
Top 3 How to Write a Business Plan Courses
Here are the top 3 “How to Write a Business Plan” courses we gained the most value from:
#1 – How To Write A Business Plan And A Winning Business Model – ⭑⭑⭑⭑⭑ 4.6/5.0 – 2,223 ratings – 27,937 students
This course is designed for people who have never written a business plan before and those who haven’t updated theirs since college. It explains how the process works, from start to finish, with examples of common mistakes and how to avoid them.
#2 – The Complete Business Plan Course (Includes 50 Templates) – ⭑⭑⭑⭑⭑ 4.8/5.0 – 6,460 ratings – 118,322 students
This course is the most comprehensive business plan course on Udemy. It will teach you how to write a business plan step by step using an actual business plan template. The instructor walks you through each section of the template, explaining what each section is for and how to fill it out in order to make your business plan as professional as possible. The course also covers topics such as financial projections and SWOT analysis!
#3 – Small Business Education Hub – ⭑⭑⭑⭑⭑ – 5.0/5.0
This resource includes multiple free business plan template libraries, courses, and, webinars. They also include educational resources for business owners and business plan tutorial guides.
Business Plan Template Software
Thank you for reading this article. Your business plan is the foundation of your company and will help guide you with every decision. Make sure to keep it updated as you grow! If you want more information about how to write a business plan, check out the best Business Plan Template Software at: https://www.liveplan.com
