Simple Business Plan Template for Entrepreneurs

 

example of simple business plan

How to use a sample business plan to write your own plan. For example, a business plan for a steak restaurant will actually be useful for someone starting a vegetarian restaurant because the general concepts for planning and starting a restaurant are the same regardless of what type of food you serve. Simple business plan outline: 1. Executive summary. Write this last. It’s just a page or two that highlights 2. Opportunity. Describe the problem that you solve for your customers and the solution 3. Market analysis summary. You need to know your target market—the types 4. Execution. Aug 23,  · The following business plan for the fictional firm of "Acme Management Technology" (AMT) is an example of what a completed business plan might look like. This example is provided as part of the instructions and detailed descriptions included in the Components of a Business Plan.


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A basic business plan will help guide you in thinking through the feasibility of an idea, and it is tailored to reflect your purpose for writing the plan and tailored to the audience who will be reading the plan, example of simple business plan.

If you are looking to start example of simple business plan business, or expand an existing business, you can begin with a basic business plan that will start to sharpen your focus and get you off and running. To write a business plan, use simple and straightforward language. Begin your plan with a company description that explains what products or services you will offer.

Add sections on your marketing strategies, your key employees, and then provide an overview of your financial situation. Be sure to include any plans for investment and your projected revenue. End your plan with an executive summary that is no more than 2 pages long and gives a synopsis of all the other information you have provided. For information about how long your plan should be and how to tailor your plan toward particular audiences, example of simple business plan, keep reading.

This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. Together, they cited information from 12 references.

Categories: Business Planning Business Writing. It also received 12 testimonials from readers, earning it our reader-approved status. Learn more Decide on your top reason s for needing a business plan. A business plan can have multiple purposes, and as you address each of these purposes, your business plan can get longer, more detailed, example of simple business plan, and more complicated.

At the outset, in order to write a basic business plan, you should determine your primary purpose for writing a plan. There are a number of factors to consider, such as determining the feasibility of starting a business in a particular industry; figuring out your operating plan; figuring out how to communicate the idea of example of simple business plan business with potential customers; or obtaining funding for your enterprise. Consult with your business partners.

If you are starting a business as an individual, you may not need to complete this step. Recognize the unique nature of your business. No two businesses are exactly the same, and likewise, no two business plans are the same. Understand and know what is unique about your business, from your product or service to your customer base to your approach to marketing. This will help your business stand out and be more appealing to your customers and, in the long run, hopefully be more successful.

Understand the kind of business for which you are writing the plan. Are you starting up a new business, or are you expanding an existing business? Most of the approach to writing a business example of simple business plan for both of these will be the same, but there may be a few crucial differences. With an existing business, you will have a much clearer idea of your market, sales, marketing and so on.

You example of simple business plan include solid supporting evidence with your business plan. With a startup, these elements might be more speculative. The more basic and brief the business plan, the less bulky text you will need to write. Instead of lengthy, example of simple business plan, detailed paragraphs, you might use bullet points instead. Some formats are as short as 1 to 4 pages, while very detailed plans can run over 50 pages.

The shorter, more basic plans get to the heart of your business immediately. These also tend to put things into simple terms, making it easy for the layperson to understand. There are all kinds of business plan templates available online. As you learn more about what can potentially be included in a business plan, you will be able to make decisions about what is relevant to your own business plan. Figure out the audience for your business plan. A business plan example of simple business plan be read by any number of individuals.

Oftentimes, a business plan is written for investors or loan officers who need example of simple business plan quickly and thoroughly understand the nature of your business and your plan for success.

This demonstrates that you have thought through key questions such as marketing and financial aspects, which will contribute to your ability to repay a loan or make a venture profitable for an investor. Investors and bank loan officers will likely want to see a more formal, professional business plan that reflects careful planning and forecasting.

If you are looking for a business partner or other interested party, you may choose to reflect more of your business and personal ethos in the business plan. Err on the professional side, however, when putting together your business plan. Keep your writing simple and straightforward. Avoid too much jargon or long-winded explanations. Streamline your writing to get your point across quickly and concisely. Write the company description and describe your service or product.

Describe your company, including how long you have been in operation, where you have operated, your achievements thus far, and what type of legal entity you are sole proprietorship, limited liability corporation, etc. Describe the service or product you are offering. What is unique about your product or service, and why do your customers need you to offer it? For example, you might write: "Ultimate Kid Granola Bars UKGB is a limited liability corporation registered in the state of California that will provide quality healthy baked goods to schools in the Sacramento area.

Our granola bars are made from all natural, locally-sourced ingredients and will healthy foods to local children. You should definitely include this part if your enterprise is a nonprofit organization, since a nonprofit is based on mission and vision. This will convey to funders or other supporters the objectives and goals towards which you are working as a nonprofit. Present your example of simple business plan research and outline your marketing plan.

This section describes the industry or market that you are entering and how you plan to bring your product or service to your customers. What size is your market, in terms of population and in terms of potential sales? You should have a solid argument about how your product or service will be a welcome addition to the market, meeting a currently unmet need. Talk about your target customers, describing their demographics and their potential to buy your product or service.

Include information about your competitors, both direct and indirect. Then describe how you plan to price your product or service, reach your customers, expand your services, and promote your business. For example, you might write: "The proposed market for Ultimate Kids Granola Bars covers the entire Sacramento area public school system. There are 11 schools with a total of 2, children.

Discuss contingencies. While you want to remain positive about the potential success of your business, example of simple business plan, it is good planning to think about the ways in which it might be challenged or fail.

Think through how you will respond to problems, such as a downturn in number of customers or the loss of a key supplier. If you have specific parts of your business plan that might not work out, what are they and how will you respond to and accommodate these shortcomings? For example, example of simple business plan, you might write: "We rely on locally-sourced ingredients for our granola bars, and our local suppliers are dependent on good conditions for producing crops.

If California faces more drought-like conditions, we may need to expand our supplier list into Oregon, Nevada or Idaho. We will prioritize working with California-based suppliers, however. Provide information about the key people in your business. A good business plan will not only describe the business and its services, but the people actually implementing and operating the business. Include a description of the key people involved, their roles in the company, and their background and suitability for contributing to this venture.

Include their resumes in the appendix of your business plan, example of simple business plan. Give yourself a title and write a brief bio highlighting your relevant experience that has prepared you for your current business idea. For example, you might write: "CEO Kate Smith has example of simple business plan decades of experience working for highly regarded baking companies in Northern California.

She attended culinary school in Paris and also has a degree in Environmental Science from the University of California Davis. Give a financial picture of your business venture. The financial picture has a couple of different components. You should give an overview of the financial viability of your business through financial projections projected revenue, expenses, profitsas well as funding or investment strategies.

Provide numbers for revenue and expenses. To calculate revenue, base a sales forecast on pricing of your product or service and how many customers you plan to serve. Estimate sales over the next years. Expenses will include fixed costs such as salaries, rent, etc. Think about costs to launch the business, operate the business, hire and retain staff, pay advertising, and so on.

Also include expenses like fees, licenses, and taxes. Consider too assets and liabilities that you have; assets can include property or equipment, while liabilities might be loans you owe for this business.

Include strategies for funding or investments. If you are using your business plan to secure funding of some sort, this section will be especially important. You need to know exactly how much money you want and how it will be spent. Add supporting materials. Depending on your business and the level of detail in your business plan, you may want to include additional materials to support your plan.

Some possible materials to include might be: tax returns, balance sheets, cash flow statements, contracts, example of simple business plan, letters of intent, resumes or curriculum vitae of key management, and so on.

Write the executive summary. This section is written last and should be no more than two pages. If you are writing a very short business plan, your executive summary may be just a paragraph, or you may forego it altogether. The executive summary is essentially an overview of your company, your uniqueness in the marketplace, and a brief description of the services or products to be sold.

You will also include an overview of your financial projections, including your expected revenues, profits, and expenses for the next five years. If you are seeking funding, you should outline this briefly as well, describing the exact amount of money you seek and how it will be used.

 

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example of simple business plan

 

How to use a sample business plan to write your own plan. For example, a business plan for a steak restaurant will actually be useful for someone starting a vegetarian restaurant because the general concepts for planning and starting a restaurant are the same regardless of what type of food you serve. Simple business plan outline: 1. Executive summary. Write this last. It’s just a page or two that highlights 2. Opportunity. Describe the problem that you solve for your customers and the solution 3. Market analysis summary. You need to know your target market—the types 4. Execution. Jul 16,  · Whether you want to call it a one-page business plan, an executive summary, or a Lean Plan, it should contain the following: A description of the problem your customers have. Your solution (your product or service) Business model (how you make money) Target market (who is your customer and how many of them are there) Competitive advantage/5(4).