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A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like.
The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground.
Pros of using a business plan template: A good business plan template can help you get your thoughts organized.
However, if you’re new to business planning and just want to get a sense of what a plan looks like and want to get the process started quickly and cheaply, then downloading a free template is the best way to get started.
A corporate business plan for a large organization can be hundreds of pages long.
Instead, our goal is to make the process easier by providing a professionally designed business plan template that you can edit easily using Word and Excel.
Update (7/22/2016): We've added a basic break-even analysis worksheet to the companion Excel workbook.It is best to use Excel for financial statements, data tables and charts.So, we have provided a companion Excel workbook with these sample financial statements and other tables and graphs that you can copy and paste into your Word document.If you want to add a new section so that the Table of Contents updates correctly, just add a new heading in the body of the document and assign it the Heading 1 or Heading 2 style.To update the Table of Contents, go to the References tab and within the Table of Contents group of buttons, click on Update Table and then "Update entire table." For simple tables, you can use Copy/Paste (Ctrl c / Ctrl v) to copy a table from Excel to Word.However, at the least the entire spreadsheet won't be embedded within your business plan Word document. That best way to find out whether you do or not is to do your research and write a business plan to see if your idea is feasible.However, you still need to fill up the business plan templates with your own research, information and knowledge.One of the reasons that so many small businesses fail is that they don't do the necessary up front work to create an accurate and realistic business plan.Creating a business plan doesn't guarantee success, but the process of writing a plan is critical for any successful new business.It isn't our goal to try to tell you everything you need to know about creating a business plan.