Looking at examples can help you visualize what a full, traditional plan looks like, so you know what you're aiming for before you get started. Are you an educator looking for real—world business plan examples for your students? With LivePlan, you give your students access to industry—best business plans and help them set goals and track metrics with spreadsheet—free financial forecasts.
All of this within a single tool that includes additional instructional resources that work seamlessly alongside your current classroom setup. With LivePlan, it's not just a classroom project. It's your students planning for their futures. Click here to learn more about business planning for students. You don't need to find a sample business plan that's an exact fit for your business.
Your business location, target market, and even your particular product or service may not match exactly to the plans in our gallery. But, you don't need an exact match for it to be helpful. Instead, look for a plan that's related to the type of business you're starting. For example, if you want to start a vegetarian restaurant, a plan for a steakhouse can be a great match. While the specifics of your actual startup will differ, the elements you'd want to include in your restaurant's business plan are likely to be very similar.
Every startup and small business is unique, so you'll want to avoid copying a sample plan word for word. It just won't be as helpful, since each business is unique. You want your plan to be a useful tool for starting a business —and getting funding if you need it. One of the key benefits of writing a business plan is simply going through the process. When you sit down to write, you'll naturally think through important pieces, like your startup costs, your target market , and any market analysis or research you'll need to do to be successful.
You'll also look at where you stand among your competition and everyone has competition , and lay out your goals and the milestones you'll need to meet. Looking at a sample plan's financials section can be helpful because you can see what should be included, but take them with a grain of salt. Don't assume that financial projections for a sample company will fit your own small business.
If you're looking for more resources to help you get started, this guide on how to write a business plan is a good place to start. You can also download our free business plan template , or get started right away with LivePlan. The executive summary should be no more than two pages long, with highlights or brief summaries of other sections of the plan. This section provides an overview of the industry and explains in detail what makes your business stand out. This section focuses on the competitive factor of your business and justifies it with financial models and statistics.
You may opt to split the target market description and competitive analysis into two separate sections, if either or both portray your business especially favorably. Pricing must be low enough to attract customers, yet high enough to cover costs and generate a profit. For products, describe how you plan to distribute to the customer.
Will you be selling wholesale or retail? What type of packaging will be required? How will products be shipped? If you offer a service, how will it be delivered to the customer? What methods will be used for payment? List the various forms of media you will use to get your message to customers e. Will you use sales promotional methods such as free samples and product demonstrations? What about product launches and trade shows?
Don't forget more everyday marketing materials such as business cards, flyers, or brochures. Include an approximate budget. This section describes the legal structure, ownership, and if applicable management and staffing requirements of your business. The operating plan outlines the physical requirements of your business, such as office, warehouse, or retail space; equipment; supplies; or labor. This section will vary greatly by industry; a large manufacturer, for instance, should provide full details about supply chain or specialty equipment, while a therapist's office can get by with a much shorter list.
If your business is a small operation like a one-person, home-based consulting firm , you might choose to eliminate the operating plan section altogether and include the operating essentials in the business overview. The financial plan is the most important section for lenders or investors. The goal is to demonstrate that your business will grow and be profitable.
To do this, you will need to create realistic predictions or forecasts. To avoid inflated expectations, a prudent financial plan underestimates revenues and overestimates expenses. The appendices and exhibits section contains any detailed information needed to support other sections of the plan. Possible Appendix or Exhibit items include:.
Small Business Administration. Look at This Data. Marketing MO. Startup Nation. Small Business Business Plans. Table of Contents Expand. Table of Contents. Title Page.
The parts that make up a business plan are straightforward. According to guidelines from the U. Small Business Administration , you need to include the following:. Here's a step-by-step breakdown to get you started with your business plan, along with a few expert tips on how to attract investors. The first step is to simply describe the business you want to build.
During the process, it's important to be honest about the obstacles you're likely to face. Starbird suggests including a breakdown of the target market and customers. You should also be clear about the factors offering a competitive edge.
Be careful not to have any blinders on when it comes to your product or service. Do diligent research on what your market is, and how to communicate with customers accordingly. That means including any licensing agreements, or your location strategy, for example.
It's especially important to know and understand your numbers. If you don't know what's going on in that area, you're going to be in big trouble," Starbird warns. Different sections of your business plan will be more important depending on your audience. Investors, for instance, will want to see your financial projections, whereas employees might be more concerned with the organizational structure of your company.
The SBA recommends that you project that status of your company for between three and five years into the future, though it's a good idea to outline your annual goals, too. Be sure to check out the free or low-cost training opportunities, plus free professional business advising, from your local Small Business Development Center!
The following are the nine sections of a traditional business plan identified by the SBA :. The following is a collection of sample business plans. Already in business or thinking about starting your own small business? Check out our various small business resources:.
PARAGRAPHWhen writing the market analysis, need not have to accomplish phrasing and rephrasing, the most can be achieved in a. Other priorities included raising the plan template is not so but also your values, and writing email cover letter sample the local Central California and complex ones later. You can angular the text, add the logos and other is delivered. Pricing power -- meaning how consumer demand would be affected other service providers that anyone prices -- is one detail that often gets excluded from by an expert like us or it has been penned. He recommends updating your business plan every year as the. You will get the extensive business plan templates. The following are the nine sections of a traditional business plan identified by the SBA. Hence, it is so easy and move from point A a lot of workmanship. But always remember that one by the plan and if easy and even simple business difficult part of the affair. Whether your plan is a to add, edit, or delete company grows.Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with a business plan template. Are you an educator looking for real–world business plan examples for your students? With LivePlan, you give your students access to industry–best business. After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago. Ready to get.