Cons of using a business plan template: While there are benefits to using a business plan template, depending on your situation it may not be the best way to complete your plan. For instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself.
You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place.
Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound.
You want your business plan to convey the best possible physical impression; make it something people are going to want to pick up and look at.
If using Windows, outline the text to be selected with the mouse and hit CTRL C to copy and CTRL V to paste.
For a detailed description of each section of the plan, you'll want to refer to the Guide to Writing a Business Plan Step By Step.
The executive summary should be no more than two pages long, with brief summaries of other sections of the plan.
See How to Write the Executive Summary of the Business Plan to get you started.
In this section, you need to demonstrate that you have thoroughly analyzed the target market and that there is enough demand for your product or service to make your business viable.
The competitive analysis includes an assessment of your competition and how your business will compete in the sector.