No matter what others say but having a business plan is a must, whether your goal is to start a one-person freelancing business or a multi-million dollar company.
But for most of the entrepreneurs, it's difficult to deal with writing a full business plan. its tedious job but no one can better do it than you.
However, if you are planning to sell a simple product or service business by yourself only, you don't need a 30-page long business plan - a shorter plan can be handy.
If your business requires multiple employees or you need to grow your existing business, you may need a more robust business plan.
Similarly, a one-page plan will not be enough if you are in need of money or equity financing and wish to impress potential investors.
Use this guide and template to Writing a Business Plan Step By Step for a detailed description of how to write each section of a full-sized plan.
How to write a one-page business plan?
There’s really not a lot of difference between a one-page business plan and a good executive summary, but a one-page business plan can communicate your business idea clearly, with minimal clutter.
Also, keep in mind that a business plan is a living document and you can always start with a one-page plan and enlarge it with additional detail as required. You may be able to articulate the business overview, vision, objectives, and concise action items in a single page, but you might want more detail in the financial and marketing sections.
For example, you might want to add an extra page to your pricing strategy section for income/cash flow statements and another for breakeven analysis in advertising and promotion.
Who should use this business plan template?
This template is suitable for a business that sells products, such as food services, beauty products, bike shops, etc.
Also, freelance businesses that provide services, such as consultants, graphic designers, landscapers, delivery services, etc.
One-page business plan template outline
- What will you sell?
- Who will buy it?
- How will your business idea help people?
- What will you charge?
- How will you get paid?
- How else will you make money from this project?
- How will customers learn about your business?
- How can you encourage referrals?
- The project will be successful when it achieves these metrics
- Obstacles / Challenges / Open Questions
- Specific concern or question #1
- The proposed solution to concern #1