Businesses have always been quite complicated to manage, especially when you’re trying to make your venture a success. It’s always a nightmare for business owners to keep track of every single component of their business on their own, making sure that everything is taken into account. That is why it can be quite life changing for business owners to be able to come up with a comprehensive layout for a plan for their business. Regardless of the establishment’s shape, scale or type. A layout keeps everybody that is affiliated with the business, especially branch managers and operations supervisors, on track with all of the things that the business might encounter for the whole duration of their business. Planning the scopes of the venture ahead of time is always good business practice, keeping your management from wasting any more time and resources into ventures that might just end up failing shortly after development.
The plan that we just talked about is what is called a business plan, and business plans are documents that are very important to ensure the success and the return on investment of the business. It’s essentially a set of guidelines or actions that they can follow to reach any milestone that they have set for themselves. Operating without a business plan is typically not advisable, as it would essentially mean that you are diving into this venture without a prior plan or contingency set in place. You’re basically setting yourself up for failure. Especially if your trying to establish a business in an industry that has countless competition and potential obstacles that can hinder the success of your business.
A well written and well drafted business plan can go a really long way for your business, making sure that your venture stands the test of time, and a slew of other benefits that it can bring. Before you actually draft the document, acquaint yourself with what it looks like and how it works by first checking out these blank business plan samples that we have listed for you down below. Once you’ve familiarized yourself with the document, feel free to use these samples as guides or even as templates for when you write your own business plan.
10+ Blank Business Plan Samples
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11. Printable Blank Business Plan
What Is a Blank Business Plan?
A blank business plan is simply just a template of a business plan that you can then use for your own venture. It’s mostly generalized so you might need to adjust some components within it to make it fit to the specifications of your business.
Now you might ask, what is a business plan then? Well a business plan is a written document that highlights how a business would define its objectives and the steps that the management is willing to take in order to reach those objectives. A business plan can act as a roadmap that the whole management can follow with the parameters set by its own different departments like marketing, financial, and operational. Business plans can be very beneficial documents as it can also be used to secure potential investments and partnerships even before the business has been fully established. It’s a good way to secure additional funds and resources in the earlier stages of your business’ development.
The document can be highly beneficial for startup businesses and companies, but it is generally recommended that every business must be able to come up with their own business plan, regardless if it is startup or not. Because doing so will give the management a document that they can periodically update and review to see if they are any closer to the goals that they have set, and at the same time, inspect how the circumstances that they have been working with has changed. A well written business plan is one that is able to highlight the projected costs and the expected outcomes of the project, as well as identify the pitfalls that any decision the management has made must come with. Even if the document is widely prominent in the business and corporate industry, it is still quite rare to see business plans that are the exact replica of each other. This is because every company has their own unique way of dealing with and solving internal and external issues.
Elements of a Business Plan
The length of a business plan depends heavily on the nature and the scope of the business that the document will be focused on. Though it is pretty normal for all of the information to fit into 15 to 20 pages. Though it is true that now two business plans are identical of each other, most of them still operate with almost all of the same elements. These elements will be listed below and discussed in more detail.
- Executive summary
Your document should begin with an introductory paragraph that highlights what the company is and all the elements related to its mission-vision values, company leadership, employees, operations, and the general location of where the business will be established. This section is also called the executive summary, and it should just talk about what the company is and what it stands for.
- Products and services
The document should then present the company’s products and the services that they may offer. Including the pricing, product lifespan, duration of services, customer benefits, and other factors such as manufacturing and production processes, as well as patents and proprietary technology.
- Market analysis
A business should have a clear understanding of who their customers are and what their demographic is. As a business owner, you should be able to identify the needs of your customer base and how your business can provide for them. Proper market analysis will also give you an insight of the competition locally and internationally, as well as help you understand how to stay on top of the market.
- Marketing strategy
After properly analyzing the market, it’s time to identify the strategies that you will make in order to attract the customer base and keep them engaged. Present how your company will do this by highlighting a clear distribution channel, including marketing and advertising campaigns, and through which mediums will these campaigns be disseminated.
- Financial planning
The final sections of the business plan should be dedicated to the company’s finances and budget. A well laid out financial plan will further attract investors, especially those who wish to invest on companies that is capable to return a good investment. Financial statements, balance sheets, and other documents that is related to your finances.
Every business needs to have a proper budget in place, so you’ll need to present that as well. Costs, staffing, manufacturing, development, marketing, and other expenses that your venture may make or has made.
What are the four types of business plans?
Business plans can be divided roughly into 4 distinct types;
- Very short plans
- Presentation plans
- Working plans
- What-if plans
Who needs the business plan?
One of the many uses of a business plan is when you’re applying for a loan. Most banks require it, and even those who don’t require it generally expect it.
What are the five elements of a business plan?
- Situation analysis
- Market definition
- Product and services position
- Objective setting
Another important element to remember when writing a business plan is that it is a live document. Meaning the document should be susceptible to change and is able to adapt over time. The writing process does not end after all of the components have been put into paper. As long as the business plan is still in use and as long as the business is still operating, the writing process goes on.
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