How do you know what sections you need to include in your business plan when you are creating your business plan at the very first time?
The sample business plan template can help you to draft a business plan, listing the sections in the order in which they will appear in your completed informal business plan with a brief description of each section to help you get prepared and lead you into the process.
Once you outline your business plan, it’s time to dig into the process of actually writing a business plan. There’s no right or wrong way to write a business plan. What’s important is that your plan should clearly explain what you are going to do with your business and how?
You do not need to find the exact business plan example for your business because each business is different and your business place, target market, and even your particular product or service may not match exactly to our business plan examples.
Every startup and small business is different, so you'll want to avoid copying a sample plan word for word. Instead, always look for the business plan that's related to the type of business you're planning and analyze that plan and write your own.
When you write a business plan by your own, you'll think into important parts, like your startup expenses, your target market, and any market analysis or research you'll need to do to be successful.
Always think about business planning as something you do regularly, rather than a mere document you create once to get an investment and never look at again.
If you take the time to write a plan that really fits your business, it will be a useful tool to grow your business going forward. It should also make it easier to share your goals and strategy with your team as the business plan will keep all on the same page.
We have created this sample business plan example for entrepreneurs out there who are starting their business plan for the first time and do not have any clue about how to write each section in the business plan.
Sample business plan example outline
This sample business plan example includes the following sections:
- Executive Summary
- Company Overview
- Financial Summary
- Vision, Goals, and Objectives
- Goals and Objectives
- Key People
- Management Team
- Analyzing the pain points (Problem Statement)
- What is the pain point?
- What is currently being offered?
- Product and Service Offerings
- Market Analysis
- Target Market and Potential
- TAM, SAM and SOM Analysis
- Current Market Trends
- Customer Analysis
- Business Model
- PESTEL Analysis
- Pricing Mechanism
- A Perspective on Closest Competitors
- Competitive Advantages
- Key Success Elements
- Marketing & Distribution
- Marketing Strategy
- Distribution Strategy
- Marketing Mix & Positioning
- Exit Strategy
- SWOT Analysis
- PORTER Analysis
- Financial Analysis
- Projected Revenue
- Profit and Loss Account
- Cash Flow Statement
- Balance Sheet
When you write your business plan, you don’t have to stick to the exact sample business plan outline. Instead, use the sections that make the most sense for your business and your needs.