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9 Business Plan Examples to Inspire Your Own (2024)
Need support creating your business plan? Check out these business plan examples for inspiration and guidance.
Any aspiring entrepreneur researching how to start a business will likely be advised to write a business plan. But few resources provide business plan examples to really guide you through writing one of your own.
Here are some real-world and illustrative business plan examples to help you craft your business plan .
Business plan format: 9 examples
The business plan examples in this article follow this template:
- Executive summary
- Company description
- Market analysis
- Products and services
- Marketing plan
- Logistics and operations plan
- Financial plan
- Customer segmentation
1. Executive summary
Your executive summary is a page that gives a high-level overview of the rest of your business plan. While it appears at the beginning, it’s easiest to write this section last, as there are details further in the report you’ll need to include here.
In this free business plan template , the executive summary is four paragraphs and takes a little over half a page. It clearly and efficiently communicates what the business does and what it plans to do, including its business model and target customers.
2. Company description
You might repurpose your company description elsewhere, like on your About page , social media profile pages, or other properties that require a boilerplate description of your small business.
Soap brand ORRIS has a blurb on its About page that could easily be repurposed for the company description section of its business plan.
You can also go more in-depth with your company overview and include the following sections, like in this business plan example for Paw Print Post:
Business structure
This section outlines how you registered your business —as an LLC , sole proprietorship, corporation, or other business type : “Paw Print Post will operate as a sole proprietorship run by the owner, Jane Matthews.”
Nature of the business
“Paw Print Post sells unique, one-of-a-kind digitally printed cards that are customized with a pet’s unique paw prints.”
“Paw Print Post operates primarily in the pet industry and sells goods that could also be categorized as part of the greeting card industry.”
Background information
“Jane Matthews, the founder of Paw Print Post, has a long history in the pet industry and working with animals, and was recently trained as a graphic designer. She’s combining those two loves to capture a niche in the market: unique greeting cards customized with a pet’s paw prints, without needing to resort to the traditional (and messy) options of casting your pet’s prints in plaster or using pet-safe ink to have them stamp their ’signature.’”
Business objectives
“Jane will have Paw Print Post ready to launch at the Big Important Pet Expo in Toronto to get the word out among industry players and consumers alike. After two years in business, Jane aims to drive $150,000 in annual revenue from the sale of Paw Print Post’s signature greeting cards and to have expanded into two new product categories.”
“Jane Matthews is the sole full-time employee of Paw Print Post but hires contractors as needed to support her workflow and fill gaps in her skill set. Notably, Paw Print Post has a standing contract for five hours a week of virtual assistant support with Virtual Assistants Pro.”
Your mission statement may also make an appearance here. Passionfruit shares its mission statement on its company website, and it would also work well in its example business plan.
3. Market analysis
The market analysis consists of research about supply and demand , your target demographics, industry trends, and the competitive landscape. You might run a SWOT analysis and include that in your business plan.
Here’s an example SWOT analysis for an online tailored-shirt business:
You’ll also want to do a competitive analysis as part of the market research component of your business plan. This will tell you which businesses you’re up against and give you ideas on how to differentiate your brand. A broad competitive analysis might include:
- Target customers
- Unique value proposition , or what sets the products apart
- Sales pitch
- Price points for products
- Shipping policy
4. Products and services
This section of your business plan describes your offerings—which products and services do you sell to your customers? Here’s an example for Paw Print Post that explains its line of custom greeting cards, along with details on what makes its products unique.
5. Marketing plan
It’s always a good idea to develop a marketing plan before you launch your business. Your marketing plan shows how you’ll get the word out about your business, and it’s an essential component of your business plan as well.
The Paw Print Post focuses on four Ps: price, product, promotion, and place. However, you can take a different approach with your marketing plan. Maybe you can pull from your existing marketing strategy , or maybe you break it down by the different marketing channels. Whatever approach you take, your marketing plan should describe how you intend to promote your business and offerings to potential customers.
6. Logistics and operations plan
The Paw Print Post example considered suppliers, production, facilities, equipment, shipping and fulfillment, and inventory. This includes any raw materials needed to produce the products.
7. Financial plan
The financial plan provides a breakdown of sales, revenue, profit, expenses, and other relevant financial metrics related to funding and profiting from your business.
Ecommerce brand Nature’s Candy’s financial plan breaks down predicted revenue, expenses, and net profit in graphs.
It then dives deeper into the financials to include:
- Funding needs
- Projected profit-and-loss statement
- Projected balance sheet
- Projected cash-flow statement
You can use a financial plan spreadsheet to build your own financial statements, including income statement, balance sheet, and cash-flow statement.
8. Customer segmentation
Customer segmentation means dividing your target market into groups based on specific characteristics. These characteristics can be demographics, psychographics, behavior, or geography. Your business plan will provide detailed information on each segment, like its size and growth potential, so you can show why they are valuable to your business.
Airsign , an eco-friendly vacuum cleaner company, faced the challenge of building a sustainable business model in the competitive home appliance market. They identified three key customer personas to target:
- Design-oriented urban dwellers
- Millennials moving to suburbs
- Older consumers seeking high-quality appliances
The company utilized Shopify’s customer segmentation tools to gain insights and take action to target them. Airsign created targeted segments for specific marketing initiatives.
Put your customer data to work with Shopify’s customer segmentation
Shopify’s built-in segmentation tools help you discover insights about your customers, build segments as targeted as your marketing plans with filters based on your customers’ demographic and behavioral data, and drive sales with timely and personalized emails.
9. Appendix
The appendix provides in-depth data, research, or documentation that supports the claims and projections made in the main business plan. It includes things like market research, finance, résumés, product specs, and legal documents.
Readers can access detailed info in the appendix, but the main plan stays focused and easy to read. Here’s an example from a fictional clothing brand called Bloom:
Appendix: Bloom Business Plan
Types of business plans, and what to include for each
This lean business plan is meant to be high level and easy to understand at a glance. You’ll want to include all of the same sections in one-page business plan, but make sure they’re truncated and summarized:
- Executive summary: truncated
- Market analysis: summarized
- Products and services: summarized
- Marketing plan: summarized
- Logistics and operations plan: summarized
- Financials: summarized
A startup business plan is for a new business. Typically, these plans are developed and shared to secure funding . As such, there’s a bigger focus on the financials, as well as on other sections that determine viability of your business idea—market research, for example:
- Market analysis: in-depth
- Financials: in-depth
Your internal business plan is meant to keep your team on the same page and aligned toward the same goal:
A strategic, or growth, business plan is a big-picture, long-term look at your business. As such, the forecasts tend to look further into the future, and growth and revenue goals may be higher. Essentially, you want to use all the sections you would in a normal business plan and build upon each:
- Market analysis: comprehensive outlook
- Products and services: for launch and expansion
- Marketing plan: comprehensive outlook
- Logistics and operations plan: comprehensive outlook
- Financials: comprehensive outlook
Feasibility
Your feasibility business plan is sort of a pre-business plan—many refer to it as simply a feasibility study. This plan essentially lays the groundwork and validates that it’s worth the effort to make a full business plan for your idea. As such, it’s mostly centered around research:
Nonprofit business plans are used to attract donors, grants, and partnerships. They focus on what their mission is, how they measure success, and how they get funded. You’ll want to include the following sections in addition to a traditional business plan:
- Organization description
- Need statement
- Programs and services
- Fundraising plan
- Partnerships and collaborations
- Impact measurement
Set yourself up for success as a business owner
Building a good business plan serves as a roadmap you can use for your ecommerce business at launch and as you reach each of your business goals. Business plans create accountability for entrepreneurs and synergy among teams, regardless of your business model .
Kickstart your ecommerce business and set yourself up for success with an intentional business planning process—and with the sample business plans above to guide your own path.
Business plan examples FAQ
How do i write a simple business plan.
To write a simple business plan, begin with an executive summary that outlines your business and your plans. Follow this with sections detailing your company description, market analysis, organization and management structure, product or service, marketing and sales strategy, and financial projections. Each section should be concise and clearly illustrate your strategies and goals.
What is the best format to write a business plan?
The best business plan format presents your plan in a clear, organized manner, making it easier for potential investors to understand your business model and goals. Always begin with the executive summary and end with financial information or appendices for any additional data.
What are the 4 key elements of a business plan?
- Executive summary: A concise overview of the company’s mission, goals, target audience, and financial objectives.
- Business description: A description of the company’s purpose, operations, products and services, target markets, and competitive landscape.
- Market analysis: An analysis of the industry, market trends, potential customers, and competitors.
- Financial plan: A detailed description of the company’s financial forecasts and strategies.
What are the 3 main points of a business plan?
- Concept: Your concept should explain the purpose of your business and provide an overall summary of what you intend to accomplish.
- Contents: Your content should include details about the products and services you provide, your target market, and your competition.
- Cash flow: Your cash flow section should include information about your expected cash inflows and outflows, such as capital investments, operating costs, and revenue projections.
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20 Best Business Proposal Examples & Templates to Use
Written by: Raja Mandal
The perfect business proposal requires concise content, compelling benefits and a unique business appeal.
But if you're new to writing them, you're probably boggled with questions like:
- How do you design it?
- What should you include?
- And how do you make your proposal compelling enough to seal the deal?
The process can feel like a confusing maze with no clear direction.
To help you navigate it successfully, we have compiled a list of 20 business proposal examples and templates to inspire you and act as a starting point to write your business proposal.
If you're ready to create your proposal right away, start with one of our free proposal templates now. Short on time? No problem. Save time and generate impressive proposals in seconds with the help of Visme's AI proposal maker .
Table of Contents
20 business proposal examples.
- What Is a Business Proposal?
- What Are the Types of Business Proposals?
- How Do I Write a Business Proposal?
- What Is the Best Business Proposal?
- What Not to Do in a Business Proposal?
- How Long Should a Business Proposal Be?
- Creating an effective business proposal requires time, effort, and necessary design and documentation skills. However, with Visme's 20 business proposal examples and templates, anyone can create one in minutes.
- Visme provides business proposal templates for various industries, including web development, construction, copywriting, and graphic design.
- Choose a template and customize it using Visme's suite of design tools, including brand wizard, collaboration tools, AI writer, AI image editing tools and more.
- Sign up for Visme to create a winning business proposal for your next project or client within just a few clicks.
Here are 20 examples of business proposals that can guide you in creating a successful proposal for your own business. These examples cover various industries and business sizes, from graphic design to supply chain management.
Each template is fully customizable, so you can choose any template that suits your business type and size and modify it to meet your needs.
1. Website Design Business Proposal Example
This website design business proposal example template becomes an instant visual delight with a distinctively refreshing blue color palette, plenty of whitespace and high-quality images. The inclusions of maps and radial gauges facilitate effective data visualization.
Utilize a comprehensive company overview, work samples, trustworthy testimonials, an understandable project overview and a transparent budget breakdown. Perfect for web designers and businesses that value comprehensive understanding in a visually pleasing format.
Enhance your efficiency with Visme's AI document generator . This advanced tool can help you generate documents in no time. All you have to do is create a first draft using a prompt, choose a style from the options and customize it further to match your needs.
Save your time and effort using Visme’s document generator and spend more time growing your business.
2. Modern Business Proposal Example
Check out this sample business proposal template, featuring a sleek design that's both modern and user-friendly. The cover and pricing pages highlight important information with a dark green overlay on a background image.
The template includes data widgets and a detailed list format to present your business services best. The pricing page features a three-tier pricing structure with corresponding services, making it easy to compare options.
3. Mobile Video Game Development Business Proposal Example
Are you looking to showcase your expertise in the industry while making a solid visual impact?
Explore this vibrant business proposal example template, featuring a unique purple and orange color combination that gives your proposal an extra edge. Enhance your presentation with engaging 3D illustrations and vector icons to keep your audience hooked.
Also, the template includes a "Why Choose Us?" page, a detailed 'Plan of Action' page that helps outline your mission and strategies, while the 'Investments' page offers a clear view of how you plan to allocate funds.
Customize the 3D illustrations and vector icons using Visme’s drag-and-drop editor. Choose from thousands of vector graphics , high-quality stock images , 3D animated illustrations and more to match your proposal’s content.
Simplify content creation and brand management for your team
- Collaborate on designs , mockups and wireframes with your non-design colleagues
- Lock down your branding to maintain brand consistency throughout your designs
- Why start from scratch? Save time with 1000s of professional branded templates
Sign up. It’s free.
4. Creative Business Proposal Example
Elevate your brand’s image with the visually stimulating creative business proposal example template. This template employs a harmonious blend of blue shades and orange accents, creating a fresh and professional aesthetic.
The design is enhanced using shapes, circles and arrows, contributing to its creative appeal. Placeholder images and data widgets are included, ensuring your information is clearly displayed and easily digestible.
Use this template to add creativity and clarity to your proposal and create a great first impression for your clients.
5. Construction Business Proposal Example
Use this construction business proposal example template to make your proposals aesthetically pleasing and strong, just like your architecture.
This sample business proposal stands out due to the strategic use of images as a prominent design element – be it on the front page, as a background on various pages or interspersed among the text.
The effective combination of yellow and blue colors makes the proposal visually appealing and easy to navigate. The thoughtfully organized sections include "Successful Projects," "Project Overview," "Budget and Pricing," and "Project Delivery."
If you're working with your team on a proposal, you can simplify the process using Visme Workflows . This tool allows you to manage roles, track progress, set deadlines and handle corrections all in one place.
Doing so can ensure a smooth workflow between team members and save time from the briefing stage to the final design.
6. Copywriting Business Proposal Example
Craft compelling narratives with this copywriting business proposal template tailored for copywriters and marketing businesses. It attracts the target audience by featuring engaging copy that effectively showcases your writing capabilities.
The template incorporates customer testimonials, a strong tool for establishing trust and enhancing credibility. A roadmap illustrates the project's phases and corresponding dates, providing a clear timeline for when different website pages will be written.
Also, the terms and conditions ensure a mutual agreement and understanding of the project's scope.
Do you often struggle with writer's block and wish to save more time? Visme's AI Writer can be your ultimate solution. This powerful tool can help you proofread, edit and even generate copy for any document you create in Visme.
Whether you're looking for business proposal ideas or working on an existing proposal, this tool can help polish your content or cut your writing time by half. All you need to do is provide the tool with simple prompts and see the magic happen.
7. Digital Marketing Business Proposal Example
Engage your audience with the digital marketing business proposal template. Its bright blue and yellow combination exudes energy and creativity, making a strong impression on your clients.
The business proposal format leverages data widgets, including progress bars and population arrays, for clear and concise data presentation. The included project overview utilizes visually appealing icons to explain the services offered.
Furthermore, a flowchart-style roadmap briefly outlines the project's process and timeline.
The template is perfectly suited for digital marketing agencies or freelancers looking to showcase their services and scale their business in a vibrant and organized manner.
8. Freelance Writer Business Proposal Example
This freelance writer business proposal example template is creatively designed and structured to persuade the reader immediately.
Each page in this proposal stands out with a different color, adding a dynamic and engaging element to your presentation.
With a minimalist design, this proposal utilizes large, bold fonts for clear, impactful communication with less text. It effectively uses icons to present information in a clear, visually appealing manner.
Overall, the professional design not only aids in selling your services but also portrays your expertise and creativity.
9. SEO Business Proposal Example
This SEO business proposal template is next-level. It's got a cool design with overlay background and transparent shapes that make the information really pop.
The template features a comprehensive step-by-step process to demonstrate how you will optimize clients' web pages. It also includes a clear line graph to provide an overview of past projects, presenting the success rate and growth over time.
Additionally, the proposal has a dedicated "The Team" page to introduce your team members and emphasize their skills and expertise.
Add more transparency in presenting your team using Visme's organizational chart maker .
Choose a suitable organizational chart template from Visme's library and customize it to fit your needs. You can add or remove positions, change the colors and fonts and even add images to make your chart more appealing.
Watch the video below to learn more about creating an organizational chart in Visme.
10. Photography Business Proposal Example
Relying on the saying that a picture says a thousand words, the proposal uses professional images of different models as the primary focus, showcasing the photographer's expertise and technical skills.
The minimalist design favors a light brown color and plenty of white space to let the images shine. This approach lifts the portfolio's visual elements and draws attention to the work's quality and style.
Seamlessly enhance your pictures with Visme's AI image editing tools . Edit, touch up, unblur and upscale your images in a few clicks. Select the image in your document, choose an action, give a prompt and Visme will do the rest.
Visme's AI-powered tools, customizable templates and top-notch customer support are helping businesses worldwide achieve their design objectives. However, don't just take our word for it. Check out what one of Visme's satisfied users has to say about the platform.
Business Owner
11. Accounting Business Proposal Example
Express your accounting firm's professionalism through a well-structured, comprehensive proposal using this business proposal template. The template uses a mature blend of blue and brown color combinations, making it appealing to potential business partners while maintaining a professional look.
It uses a flowchart to perfectly display the audit procedure and the various phases of engagement, making complex processes easily digestible for prospective clients.
The template contains vital pages, such as the company profile, where you detail your business's history and credentials. The 'Audit Procedures' page outlines your working process, while the 'Fee Investment' page explains your pricing structure. These ensure that the client gets a thorough understanding of your offering.
Effortlessly manage information across multiple documents with Visme's Dynamic Fields . Save fields once and watch as every document updates when changes are made. This is perfect for keeping your business proposals up-to-date.
Watch the video below to learn more about how this feature works.
12. Contractor Business Proposal Example
This proposal example features a minimalist, clear design with a peaceful sky-blue theme. Black and white images are tastefully utilized, supporting the professionalism and seriousness of the proposal.
The document is structured into essential sections, including project scope, timeline, pricing, and terms. These critical sections allow you to concisely express the specifics of your offering to clients, ensuring they understand the full breadth of your services.
This template is ideally suited for individual contractors seeking work from clients on a global scale.
13. Graphic Design Business Proposal Example
This business proposal template is visually alluring and dynamic, as one might expect from a graphic design proposal.
It utilizes an engaging color scheme, combining inviting purple and sky blue shades. The design elements are unique and eye-catching, incorporating a variety of shapes like ellipses, circles and abstracts to add visual interest.
The “Our Services” page optimizes icons for a cleaner and delightful presentation, outlining services offered in a visually compelling and understandable manner.
It's more than adequate to say the overall design of this proposal template itself screams "Graphic Design.”
Design your business proposal collaboratively using Visme collaborative design features . Invite your team members via email or share a link to the document and start working together to achieve your goals.
Visme's collaborative design features, like live editing, commenting, and annotating will ensure that everyone is on the same page and that your business proposal is as effective as possible.
Read our comprehensive guide about how to do collaborative design right with Visme, or watch the video below to learn more.
14. Video Production Business Proposal Example
With its primary objective of winning over prospective clients, this template creatively showcases your video production ideas.
The proposal features high-quality screenshots from video clips previously produced and offers a glimpse of expertise and work quality. It includes a proposed plan section with time and price, allowing potential clients to weigh the value of your services.
Furthermore, the template has three unique sections to propose three video ideas tailored to the client you're submitting the proposal to, strengthening your rapport with them.
Take control of your proposal's performance with Visme's Analytics feature . It tracks unique visits, visitor IP, average time spent and many more, granting valuable insights into client engagement.
Channel this knowledge to refine your designs, optimizing success for future proposals. Empower your process, and let data guide your strategy.
15. Supply Chain Management Business Proposal Example
Create a persuasive, detail-oriented proposal using this template to win over your supply chain management clientele.
Strengthen your credibility and appeal to potential clients by highlighting your achievements and value propositions with statistics in the "Why Choose Us" section.
The "What's Next" section outlines a step-by-step process for taking action after the proposal phase. This roadmap guides potential clients through the partnership journey, helping to foster a commitment to you.
Moreover, this template includes a dedicated customer testimonials page, a powerful tool to leverage satisfied past clients' voices to assure potential clients of your service's quality and reliability.
16. Finance Consultancy One Pager Business Proposal Example
This one-page business proposal example synthesizes all the crucial information about your consultancy into a concise yet impactful format.
With a bold and striking yellow and black color palette, this one-pager stands out, instilling a sense of professionalism and assurance in your potential clients.
Importantly, this template leverages data visualizations, including pie charts and radial gauges, to effectively communicate critical data to potential clients. These visual aids are excellent for quickly conveying complex financial data in an easily digestible manner.
Transform your data into compelling visuals with Visme's wide selection of data visualization tools . From progress bars to radial gauges and population arrays, Visme offers 30+ data widgets .
If you need to showcase more extensive data sets, try Visme's 20+ types of charts and graphs , including pie charts , bar graphs , line graphs , scatter plot and more.
17. SaaS Startup One Pager Business Proposal Example
Designed for SaaS startups, this one-pager is a powerful tool to achieve a strong impression and understanding of your business proposal in a single glance.
It utilizes a vigorous blue and red color combination to capture attention and highlight the vibrancy of the proposed SaaS solution.
In the layout, a picture visually represents your startup's mission or product, immediately drawing in the viewer's curiosity. Furthermore, the market analysis section's graphical illustrations effectively communicate the startup's potential within the market landscape.
To ensure a consistent and professional appearance of your business documents, Visme offers a brand wizard tool that allows you to save and apply your branding assets with just a single click.
All you have to do is copy and paste your website URL, and the tool will automatically extract your brand colors, fonts, and company logos. This feature saves you time and ensures your business documents have a uniform look and feel.
Explore our comprehensive guide about creating a branding kit in Visme, or watch the video below to learn more.
18. Marketing and Media One Pager Business Proposal Example
Are you a marketing and media business looking for new businesses? This business proposal example offers an impactful and concise way to showcase the essential elements of your business.
The lively blue, pink, and orange color scheme adds a refreshing visual appeal to this comprehensive one-pager.
The template utilizes tables to present key features and financials in an easy-to-read format. This organized data promptly provides potential stakeholders with relevant information to evaluate your venture.
Additionally, it includes sections on the target audience, market analysis, and revenue model to provide a well-rounded view of your business.
19. Email Marketing Business Proposal Example
Built for email marketers, this proposal combines visually striking design with data-driven substance to create a persuasive narrative for potential clients.
Its refreshing blue color scheme and dynamic design capture and maintain your prospective client's attention from start to finish. The proposal harnesses the power of compelling data visualizations, such as population arrays and progress bars, succinctly presenting your statistics.
20. Fashion Business Proposal Example
Let's conclude this visual journey with this fashion business proposal example template. Its attractive color scheme of Persian indigo and red rose infuses a sense of style and sophistication, ideally suited to a fashion business. The template also features high-quality images of models, adding a professional and visually appealing element.
It provides specific sections where you can detail top locations, packages and venues, ensuring your prospective partners, investors and sponsors fully understand the breadth and scope of your fashion business.
After you have personalized your business proposal template, Visme gives you several options to share and publish it. Here are the ways you can do it:
- Download your project in PNG, JPG, and PDF formats to share it offline.
- Share your business proposal with your clients using the shareable link provided by Visme.
- Generate a code snippet in Visme to embed your business proposal on any web page.
Business Proposal FAQs
Q. what is a business proposal.
A business proposal is a document you send to potential clients or partners. It outlines your company's products or services that can help solve the client's problem. Essentially, it's your way of selling your solution to win a specific project.
Q. What Are the Types of Business Proposals?
There are three major types of business proposals used across industries:
- Formally Solicited Proposals: These proposals are created in response to an official request for proposal (RFP). For instance, a municipal body might issue an RFP for a waste management system, and companies would send in their proposals tailored to meet the stated requirements.
- Informally Solicited Proposals: This type of proposal caters to a less structured request. For example, during a meeting, a client might express a need for a solution, and a business could respond with an informal proposal targeting the client's needs.
- Unsolicited Proposals: These are proposals that businesses submit without any prior request, often as marketing tools. For example, a software company might send an unsolicited proposal to a potential client presenting a new customer management system to improve the client's operations.
Q. How Do I Write a Business Proposal?
Writing a business proposal involves multiple steps:
- Understand Client's Needs: Learning about your client's needs and expectations is crucial. This knowledge will guide the whole proposal.
- Outline your Proposal: Start with a brief summary of the proposal, and then write about how your service or product meets or exceeds the client's needs.
- Detail your Services or Products: Clearly describe what you're proposing, how it works and how it solves the client's problem.
- Provide the Cost Breakdown: Detail the pricing of your product or service so the client understands their investment.
- Summarize the Proposal: In conclusion, recap how your proposal meets the client's needs.
To get more comprehensive guidelines, refer to our article on how to write a business proposal .
Q. What Is the Best Business Proposal?
The best business proposal is one that is tailored to meet the specific needs and expectations of your client. It should clearly explain how your product or service can solve a problem or enhance the client's situation.
To make the proposal more effective, make it well-structured, concise, written in clear, simple language and error-free.
Lastly, end the proposal with a strong call to action that motivates the client to take the next step, whether scheduling a meeting, a call or signing a contract.
Q. What Not to Do in a Business Proposal?
In a business proposal, there are several things to avoid:
- Not Personalizing Your Proposal: Every proposal should be tailored to the client's needs and expectations.
- Over-Cluttering the Design: Maintain a clean, organized document design, allowing content to breathe with white spaces.
- A Complex Layout: Ensure your layout is simple and intuitive so that essential sections of the proposal are easily accessible.
- Using Incorrect or Too Many Fonts: Be cautious with font variations. Use a maximum of two types of fonts and ensure they are professional and readable.
- Poor Quality Images : Images and graphics included should be high-resolution and relevant to the content.
- Leaving out Branding Elements : Failing to incorporate your logo, brand colors, etc., can lead to missed chances of reinforcing business identity.
Q. How Long Should a Business Proposal Be?
The ideal length of a business proposal depends on the specific client or use case. It should not be too brief to leave out valuable information or too long to cause the client to skim or skip sections.
Find a perfect balance of providing comprehensive detail without overloading. Therefore, a business proposal could be as short as one page or as long as 50 pages, depending on the client's needs.
Create Professional Designed Proposals & More With Visme
With our collection of 20 best business proposal examples and templates, you're now equipped to create persuasive, compelling proposals that captivate your clients and win more deals.
Take your business proposal to the next level with Visme.
Visme is a versatile tool, perfect for crafting professional business proposals and more. It allows you to design stunning documents with interactive and engaging elements, without the need for a designer or coding. It hosts a suite of powerful features and AI-powered tools all under one platform.
Whether you're creating presentations, infographics or proposals, Visme has a wealth of templates and tools to help bring your ideas to life in the most visually appealing way.
Ready to make a lasting impression with your business documents? Sign up for Visme today !
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About the Author
Raja Antony Mandal is a Content Writer at Visme. He can quickly adapt to different writing styles, possess strong research skills, and know SEO fundamentals. Raja wants to share valuable information with his audience by telling captivating stories in his articles. He wants to travel and party a lot on the weekends, but his guitar, drum set, and volleyball court don’t let him.
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- 14 Professional Business Plan Samples [Downloadable pdf]
Looking for business plan examples for inspiration? Download or view 14 business plans examples/samples, vetted by our MBA business plan writers. Download in PDF format or read like a book. These real business plan samples would help in writing your own business plan.
- View Real Business Plan Examples/Samples
As an entrepreneur, effectively pitching your idea to attract investors and secure funding can be a challenge. Moreover, when launching a business, creating a comprehensive business plan is paramount.
To aid you in these crucial tasks, we offer a collection of real-world and sample business plan examples across diverse industries. A well-structured business plan is indispensable in the fast-paced entrepreneurial landscape, as it delineates your goals, strategies, and financial projections, providing a clear roadmap for your venture.
Our aim is to facilitate the creation of an effective business plan by integrating real-life examples to elucidate the key elements involved. Below, you’ll find a range of 14 detailed business plan examples available for download and use.
Important Sections to Include in Business Plan
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To create a robust business plan, ensure inclusion of the following key sections:
- Executive Summary: A brief snapshot of your business and the key highlights of your business plan. Read more
- Product and Services: An elaborate description of the offerings you will provide to your customers. Read more
- Marketing and Sales Plan: A strategic roadmap outlining how you intend to promote and market your business before, during, and after its launch. Read more
- Operating Planning: An explanation of the systems, processes, and tools necessary to efficiently run your business behind the scenes. Read more
- Organization and Management: Organization and management in a business plan outline the structure and leadership of the company. Read more
- Financial Plan: A comprehensive plan mapping out your short-term and long-term financial goals and the associated costs of running your business. If you require funding, this section is where you can outline your request and financial needs. Read more
- Key External Drivers: External drivers encompass factors like outsourcing, economic changes, industry competition, and business legislation complexity. Read more
- Startup Summary: The startup summary offers a comprehensive financial overview of , detailing expenses, asset value, and total requirements, crucial for transparency with entrepreneurs and investors. Read more
- Projected Industry Growth : Projected industry growth forecasts the sector’s expansion, offering a 10-year perspective and average annual growth rate, providing clarity to investors. Read more
- Break-even analysis: The break-even analysis visually presents key metrics and a 12-month revenue forecast to help stakeholders grasp the point where the business covers costs and starts generating profit . Read more
- Management Summary: The management summary provides a concise overview of organizational structure, key personnel, their roles, and financial commitments, ensuring stakeholders understand the business’s operational strength and leadership capability. Read more
- Financial Indicators: The financial indicators section evaluates organizational fiscal health, focusing on year-over-year profitability metrics, leverage ratios, liquidity ratios, and additional metrics, providing a comprehensive understanding of the business’s financial performance and efficiency in revenue generation from equity investments. Read more
Something Borrowed Something New is a burgeoning e-commerce enterprise specializing in wedding accessories and personalized gifts. Operating on a drop-shipping model, this business has the capability to make a significant impact in the market.
Moreover, leveraging social networking and blogging can be instrumental in generating awareness and capturing interest, thereby creating a robust online marketing strategy for Something Old and Something New.
To enhance their business operations, they are contemplating the integration of a WhatsApp CRM system. This initiative aims to optimize communication with potential customers, ensuring prompt responses to inquiries and fostering a seamless interaction process.
EPlace Solutions will be an innovative online marketplace business portal offering a variety of products to consumers throughout the globe. Founded by Mr. John Jones, a seasoned business visionary with an eye toward profit and achievement, the organization is set to enter the market in 2023.
Online shopping is at an all-time high with new consumer mindsets calling for them to shop for the types of deals and bargains that will be so much a part of the online marketplace business model.
There is an increasing demand for snack-type fast food to be consumed while window shopping and walking around inside a shopping mall.
Do you plan to start a snack bar business? Then here’s a complete snack bar startup business plan template and feasibility report you can use FREE of charge. It sounds easy to open a snack bar, but in reality, you need well-planned strategies to ensure that your business stands the test of time.
Our snack bar business plan sample includes a detailed description of the products and services offered, as well as a market a nalysis and competitive analysis.
It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable snack bar business by creating a unique menu and offering healthy, high-quality snac ks that meet custome r demand.
Your snack shop business plan can look as polished and professional as the sample plan. It’s fun and easy, with Wise Business Plan. Let’s review the snack shop business plan sample and adjust them according to your audience for the best results.
A coffee shop business plan is a document that outlines what your business idea is and how it will be implemented. Its purpose is to answer questions such as what it costs to start a coffee shop, how these costs will be financed, and how much money you can expect to earn from your cafe.
Are you looking for the right business plan for your cafe? Let’s review the Coffee shop business plan sample to find out how cloud-based software can make your day-to-day work more efficient.
Our coffee shop business plan sample includes a detailed description of the products and services offered, as well as a market analysis and competitive analysis.
It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable coffee shop business by creating a unique brand and offering high-quality products a nd customer service.
In the food industry, there is fierce competition. To ensure success, you need to hit the ground running with the right pitch. Our food house business plan is the ideal solution with an attractive design highlighting key information and conveying the right message.
This food business plan example features food images intended to tantalize the taste buds. It captures the theme perfectly and will convey the ultimate message to investors, clients and customers.
It is important to remember that the business plan template can be customized to meet your company’s specific needs and requirements. It will help showcase your business as a leader in the modern industry.
This food business plan template provides key slides to showcase everything from finances to marketing and key competitors. If you prefer, you can alter the content displayed to meet your specific needs, but this is a good starting point.
Ultimately, this food house business plan will be suitable for any business operating in the food industry and keen to get interested from key individuals. It will ensure that you can build up the rep of your company.
We provide a one-of-a-kind sales pitch deck designed to appeal to your prospective audience, as well as a custom presentation tailored to their information requirements.
When establishing a think tank, you will need to develop a business plan and document it properly. As a mass think tank, you need a special strategy to legalize the think tank as a non-profit organization and to raise funds for your project successfully.
Copy and print businesses offer a variety of services to both businesses and consumers. A copy and print shop can handle everything from single-page printing to large-volume jobs using several types of media.
Our printing shop business plan sample includes a detailed description of the products and services offered, as well as a market analysis and competitive analysis. It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable printing shop business by offering high-quality, customized printing services with a focus on customer s ervice and efficient operations.
Let’s take a look at Printing and Photocopy Business Plan Sample that you can use to inspire your own and easily create one.
The acquisition business plan sample is intended for businesses seeking to acquire another company or merge with a competitor. This plan includes an analysis of the target company, a valuation, and a strategy for integrating the acquired business into the existing operations. We like this sample plan because it provides a clear roadmap for the acquisition process and demonstrates the potential benefits of the deal.
At Wisebusinessplans, we understand that obtaining an L1 visa for an executive or manager requires a thorough and compelling business plan.
Our L1 business plan sample includes all the necessary components to satisfy USCIS requirements and demonstrate your qualifications and your company’s viability in the US market.
The L1 business plan sample is a comprehensive plan for a new business seeking L1 visa approval for an executive or manager. This plan focuses on demonstrating the applicant’s qualifications and the company’s viability in the US market.
We like this sample plan because it is specific to the L1 visa process and includes all the necessary components to satisfy USCIS requirements.
If you’re an entrepreneur seeking E-2 visa approval, Wise Business Plans can help you create a persuasive business plan.
Our E-2 business plan sample outlines your investment, business operations, and financial projections, providing a clear and compelling case for your ability to successfully run a business and make a significant economic impact.
The E-2 business plan sample is designed for entrepreneurs seeking E-2 visa approval, which allows individuals to invest in and manage a business in the United States. This plan outlines the applicant’s investment, business operations, and financial projections. We like this sample plan because it provides a clear and compelling case for the applicant’s ability to successfully run a business and make a significant economic impact.
If you’re looking to obtain an EB-5 visa by investing in a new commercial enterprise in the United States, Wise Business Plans can help you create a compelling business plan.
Our EB-5 business plan sample includes a description of your business, a market analysis, and financial projections, providing a detailed and persuasive case for the potential success of your venture.
The EB-5 business plan sample is designed for individuals seeking to obtain an EB-5 visa by investing in a new commercial enterprise in the United States. This plan includes a description of the business, a market analysis, and financial projections. We like this sample plan because it provides a detailed and persuasive case for the potential success of the business, which is crucial for obtaining EB-5 visa approval.
If you’re seeking investment from angel investors, venture capitalists, or other private equity firms, Wise Business Plans can help you create a compelling pitch.
Our investor business plan sample includes a pitch deck, financial projections, and a detailed analysis of the market the potential return on investment and the scalability of your business.
The investor business plan sample is intended for businesses seeking to attract investment from angel investors, venture capitalists, or other private equity firms. This plan includes a pitch deck, financial projections, and a detailed analysis of the market opportunity. We like this sample plan because it emphasizes the potential return on investment and the scalability of the business.
At Wisebusinessplans, we’re committed to helping non-profit organizations achieve their social impact goals.
Our non-profit business plan sample includes a mission statement, programs and services, marketing and outreach strategies, and a financial analysis, providing a clear roadmap for establishing or expanding your organization.
The non-profit business plan sample is designed for organizations seeking to establish or expand a non-profit entity. This plan includes a mission statement, programs and services, marketing and outreach strategies, and a financial analysis. We like this sample plan because it demonstrates a strong commitment to social impact and outlines a clear strategy for achieving the organization’s goals.
Whether you’re seeking financing from a bank or other financial institution, Wise Business Plans can help you create a detailed and persuasive business plan.
Our bank business plan sample includes a thorough financial analysis, market research, and a strategy for achieving profitability, highlighting the key factors that banks consider when evaluating loan applications.
The bank business plan sample is tailored for businesses seeking financing from a bank or other financial institution. This plan includes a detailed financial analysis, market research, and a strategy for achieving profitability. We like this sample plan because it highlights the key factors that banks consider when evaluating loan applications, and provides a strong case for the borrower’s ability to repay the loan.
The cannabis industry is rapidly growing, and Wise Business Plans can help you enter it with confidence.
Our cannabis business plan sample includes a market analysis, operational strategy, and regulatory compliance a comprehensive overview of the unique challenges and opportunities in the industry and offering a clear roadmap for success.
The cannabis business plan sample is tailored for entrepreneurs seeking to enter the rapidly growing cannabis industry. This plan includes a market analysis, operational strategy, and regulatory compliance plan. We like this sample plan because it provides a comprehensive overview of the unique challenges and opportunities in the cannabis industry, and offers a clear roadmap for success.
The executive summary is a concise overview of your business plan, highlighting the key points of each section. It should capture the essence of your business, its mission, and the purpose of the business plan. This section should be written last, but it’s placed at the beginning of the business plan. Here is an example executive summary from our professional business plan written for Eplace Solution , an innovative e-commerce portal.
- Keep it brief and focused on key points.
- Clearly define the problem and your solution.
- Highlight market opportunities and growth potential.
- Showcase your team’s qualifications.
- Include financial projections.
- End with a clear call to action.
- Tailor it to your audience.
- Review and update regularly.
In this section, provide a detailed description of your company, including its history, legal structure, location, and vision. Explain your mission statement and core values that guide your business decisions. Use real-life examples of successful companies and how their strong company descriptions have contributed to their growth. In addition, you can reuse your company description on your About page, Instagram page, or other properties that ask for a boilerplate description of your business.
This section also allows you to describe how you register your business . Here you must choose whether your business is a corporation, sole proprietorship, LLC , or another type of business .
- Describe your company’s mission and vision.
- Explain what your business does and the problems it solves.
- Mention your target market and customer base.
- Highlight your unique selling points.
- Provide a brief history and background.
A market analysis analyzes how you are positioned in the market, who your target customers are, what your product or service will offer them, and industry trends. It might be useful to do a SWOT analysis to discover your strengths and weaknesses to identify market gaps that you may be able to exploit to build your business.
As part of your market research, you’ll also need to perform a competitive analysis. It will give you an idea of who your competition is and how to differentiate your brand. Here’s an example of a competitive analysis we did for a food business.
- Research and understand your industry thoroughly.
- Identify market trends and growth opportunities.
- Analyze your competitors and their strengths and weaknesses.
- Define your target audience and their needs.
- Include data and statistics to support your analysis.
Adding products and services to a business plan involves more than listing your company’s offerings. If you intend to gain funding or partner with another business, your products, and services section needs to demonstrate your company’s quality, value, and benefits.
Here’s an example of a product and service section in the business plan we wrote for an e-commerce business that offers wedding accessories.
- Clearly describe your offerings and their features.
- Explain how your products/services address customer needs.
- Highlight any unique qualities or advantages.
- Discuss your pricing strategy.
- Mention any future product/service development plans.
It is always a good idea to have a marketing plan before launching your business. A potential investor will want to know how you will advertise your business. Therefore, you should create a marketing plan that explains your planned promotion and customer acquisition strategies.
Discuss how you will make a sale. How will you attract customers and maximize their lifetime value? Ensure your marketing and sales forecasts align with your financial forecasts Marketing plans are usually based on the four Ps : product, price, place, and promotion. Breaking it down by marketing channels makes it easier. Discuss how you intend to market your business via blogs, email, social media, and word-of-mouth.
Here is an example of marketing strategies we develop for a restaurant business.
- Define your marketing goals and objectives.
- Outline your marketing strategies, including channels and tactics.
- Explain your sales strategy and target sales goals.
- Include a budget for marketing and sales activities.
- Discuss your sales team and their roles.
- Detail your customer acquisition and retention strategies.
- Mention any partnerships or collaborations for marketing and sales.
The operation plan should include all the steps needed to run the business in the long run. The plan should include details about logistics, duties for each department of the company, and responsibilities for the team.
The main aspect of running a business is its costs. Whether it’s machinery or services, each requires capital.
how to write an operation plan in a business plan
- Describe your day-to-day business operations.
- Explain your supply chain and production processes.
- Outline your facility and equipment requirements.
- Discuss your quality control and efficiency measures.
- Mention any legal and regulatory compliance considerations.
- Detail your staffing and management structure.
- Include contingency plans for potential disruptions.
In this section, you can describe your current team and the people you need to hire. You will need to highlight your team’s relevant experience if you intend to seek funding. Basically, this is where you demonstrate that this team can be successful in starting and growing the business.
- Introduce your leadership team and their roles.
- Highlight their relevant experience and qualifications.
- Explain your organizational structure and hierarchy.
- Discuss key personnel responsibilities and functions.
- Mention any plans for team growth or development.
- Address any advisory boards or external support.
A financial plan should include sales and revenue forecasts, profit and loss statements , cash flow statements , and balance sheets .
Now, if you plan to pitch investors or submit a loan application, you’ll also need a “use of funds” report. Here you outline how you plan to leverage any funding you might acquire for your business.
With our business templates , you can create your own income statement, cash flow statement, and balance sheet.
- Include detailed financial projections (income statement, cash flow, balance sheet).
- Explain your funding requirements and sources.
- Discuss your pricing and revenue model.
- Describe your expense management and cost controls.
- Mention any financial risks and mitigation strategies.
- Highlight key financial milestones and goals.
External drivers refer to the external factors or influences that significantly impact the activity and growth of an industry. These drivers include outsourcing of non-core activities, changes in economic activity, competition from other industries, and the complexity of business legislation.
Additionally, external drivers encompass the effects of changes in new business formation, especially among small businesses, which directly affect the demand for services within the industry.
- Identify and analyze current and emerging market trends in your industry.
- Assess potential positive or negative impacts these trends may have on your business.
- Evaluate broader economic conditions, including inflation rates, interest rates, and GDP growth.
- Elucidate how changes in economic conditions could influence consumer behavior, product demand, and overall cost structure.
- Outline key industry regulations and compliance requirements, discussing potential impacts on operations, costs, and market access.
- Highlight relevant technological advancements and explain their potential effects on your product or service offerings, operations, and competitiveness.
- Analyze current and potential future competitors, emphasizing the evolving competitive landscape’s impact on market share, pricing strategy, and overall business strategy.
- Consider social and cultural factors influencing consumer preferences and behaviors, exploring how societal changes can affect product demand.
- Evaluate environmental trends and regulations, discussing potential impacts on operations, supply chain, and customer perceptions.
- Assess political stability, government policies, and geopolitical factors, exploring potential risks and opportunities from political changes.
- Discuss global market conditions, analyzing how global economic trends, trade policies, and currency fluctuations may affect operations and expansion plans.
- Identify and discuss potential risks in the supply chain, such as disruptions, shortages, or geopolitical issues.
- Consider demographic shifts affecting your target market and discuss how changes may impact your customer base and marketing strategies.
- Highlight key legal and regulatory factors affecting the business, discussing potential legal challenges, compliance costs, and regulatory changes.
- Outline comprehensive risk management strategies, including contingency plans and risk mitigation strategies.
- Explain how you will monitor external drivers and emphasize the importance of staying agile and responsive to changes in the external environment.
The startup summary serves as a comprehensive overview of essential financial aspects, encompassing total startup expenses, the overall value of startup assets, and the total requirements, which is the cumulative sum of all expenses and startup investments.
It provides a clear financial snapshot, outlining the costs involved in launching the business, the value of assets acquired, and the overall financial needs for the startup.
This section is crucial for entrepreneurs and potential investors, offering a transparent understanding of the financial foundation required to initiate and sustain the business successfully.
This roadmap ensures a realistic evaluation of the business idea, identifying potential challenges and offering solutions.To write an effective plan, focus on what sets your venture apart from competitors, maintain conciseness, and embrace flexibility as a living document.
Answer fundamental questions about your business, create actionable checklists, execute the plan, and continually revise and update based on experiences and feedback.This iterative process fosters continuous improvement, helping entrepreneurs stay adaptable and enhance their business strategies over time.
- Clearly state the startup’s name and provide a concise description of its activities.
- Include a succinct mission statement capturing the startup’s purpose and goals, reflecting its core values.
- Specify the founding date and offer brief bios of key founders, highlighting relevant experience.
- Summarize the startup’s concept, explaining offered products or services and key distinguishing features.
- Clearly articulate the problem or need in the market that the startup addresses, defining the target audience.
- State what makes the startup unique, whether it’s a special feature, market gap, or competitive advantage.
- Provide a brief description of the market opportunity, covering target market size, trends, and growth prospects.
- Outline how the startup plans to generate revenue, detailing streams, pricing strategy, and potential partnerships.
- Offer a snapshot of the startup’s current status, highlighting key achievements such as product development or partnerships.
- If seeking funding, clearly state the amount sought and its allocation, covering areas like product development and marketing.
- Include a high-level financial summary with key projections for revenue, expenses, and profitability.
- Briefly outline future aspirations and plans, encompassing areas like expansion, product development, or strategic partnerships.
The projected industry growth is a pivotal aspect that forecasts the expansion of a specific sector over a defined timeframe.
For instance, it could provide an estimate of where that particular business will be standing in the next 10 years, and what will be the average annual growth rate of that industry.
This information provides prospective investors and stakeholders with a clear understanding of the industry’s potential and positions the startup within a dynamic and flourishing market.
- Emphasize the importance of industry trends and growth to your business.
- Provide a concise overview, including market size, major players, and recent trends.
- Briefly explain how you gathered data on industry growth projections (e.g., market research reports, expert interviews).
- Identify and discuss prevailing trends, such as technological advancements, changes in consumer behavior, and regulatory shifts.
- Summarize the industry’s historical growth, highlighting growth rates, market expansion, and notable milestones.
- Highlight key factors expected to drive industry growth, such as emerging markets, technological innovations, and demographic shifts.
- Discuss specific opportunities within the industry, including gaps in the market, underserved segments, or areas of competitive advantage.
- Acknowledge potential challenges or risks that could impact industry growth, demonstrating a realistic understanding.
- Present projections for future growth rates based on historical data, expert opinions, and your analysis. Include short-term and long-term projections.
- Discuss how key competitors are positioned to leverage industry growth, emphasizing your business’s differentiation strategies.
- Consider the regulatory landscape impacting growth, discussing anticipated changes and their potential effects on the industry.
- Explore international trends and their implications for industry growth, including factors like global economic conditions and geopolitical influences.
The break-even analysis serves as a vital financial tool, offering a detailed estimation of key metrics such as Sales Revenue, Cost of Sales, Gross Profit, Fixed Expenses, and Income Before Tax.
These critical components are visually presented through a bar graph, providing a clear and concise overview of the financial dynamics.
Additionally, the break-even analysis delves into a 12-month forecast, outlining the projected amount of revenue generated and the corresponding fixed costs.
This section is instrumental in helping stakeholders understand the financial threshold at which the business covers its costs and begins to generate profit.
- Define break-even analysis as a financial calculation where total revenue equals total costs.
- Identify constant costs regardless of production or sales levels.
- Enumerate and explain costs changing with production or sales.
- Present the break-even analysis formula, indicating the units needed to cover costs.
- Perform a practical break-even calculation using business-specific fixed costs, selling price, and variable cost per unit.
- Include a break-even chart or graph for a visual understanding of cost-revenue dynamics.
- Conduct a proactive sensitivity analysis to explore how changes in variables impact the break-even point.
- Specify the anticipated timeframe to reach the break-even point in terms of months or units sold.
- Clearly outline assumptions made in the analysis and provide justifications for transparency and credibility.
- Acknowledge potential risks or challenges that may affect the accuracy of the break-even analysis.
- Briefly mention contingency plans for difficulties in reaching the break-even point within the projected timeframe.
The management summary within the business plan provides a concise overview of the organizational structure and key personnel.
This includes a count of individuals, specifying the number of founders and operational team members integral to the organization.
The summary delves into the roles and responsibilities of each key figure, offering insights into the leadership dynamics driving the business.
Furthermore, the management summary sheds light on the financial aspect by presenting details about personal wages and payroll allocations for both founders and operational staff.
This comprehensive section ensures a clear understanding of the human resource framework and the financial commitments associated with the management team, crucial for stakeholders evaluating the business’s operational strength and leadership capability.
- Highlighting the critical role the management team plays in the business’s success, the introduction emphasizes their significance.
- Listing each key member with names, positions, and brief role summaries introduces the core of the management team.
- Providing brief biographies for each team member underscores their relevant experience, skills, achievements, and industry-specific expertise.
- Clearly outlining roles and responsibilities emphasizes how each team member’s skills contribute to the overall success of the business.
- Sharing the team’s vision and strategy involves discussing key strategic goals and outlining the plans to achieve them.
- Highlighting notable achievements or milestones showcases the team members’ successful ventures, industry recognition, or career accomplishments.
- Discussing team dynamics emphasizes collaboration and the complementary nature of their skills in driving the business forward.
- Introducing advisory board members, if applicable, underscores the additional guidance and expertise they bring to the business.
- Discussing how the team plans to contribute to future growth and development includes strategies for talent acquisition, leadership development, and succession planning.
- Touching on the team’s culture and values emphasizes their role in shaping the overall ethos of the business.
- If seeking investment, briefly mentioning how the management team plans to use funding for business growth and development provides insight into their financial strategy.
The financial indicators section within the business plan helps in evaluating the fiscal health and performance of the organization.
Year-after-year profitability estimates take center stage, encompassing key metrics such as gross margin, net profit margin, and EBITDA to revenue.
These indicators provide a comprehensive understanding of the business’s ability to generate profit relative to its revenue.
Furthermore, the financial indicators extend to leverage ratios, including the critical Debt to Equity ratio, Debt to Assets ratio, and Interest Coverage ratio.
These metrics illuminate the organization’s capital structure, debt management, and its capacity to meet interest obligations.
Liquidity ratios includes the Current Ratio and Current Debt to Total Asset Ratio.
These ratios provide insights into the company’s short-term financial health and its ability to meet immediate obligations.
The financial indicator toolbox is enriched with additional metrics, notably the Revenue to Equity ratio, which sheds light on the efficiency of generating revenue from equity investments.
- Detailed revenue forecasts for the next 3-5 years. Breakdown by product/service and geographical regions.
- Detailed breakdown of anticipated expenses. Include fixed and variable costs, operational expenses, and other relevant expenditures.
- Historical P&L statements if available. Projected future profits and losses based on revenue and expense projections.
- Outline of expected cash inflows and outflows. Emphasis on the ability to meet short-term obligations.
- Snapshot of the company’s financial position. Includes assets, liabilities, and equity.
- Calculation and presentation of key financial ratios (liquidity, solvency, profitability). Discussion on the significance of these ratios.
- Identification and explanation of relevant KPIs. Highlighting alignment with the overall business strategy.
- Discussion of potential financial risks. Mitigation strategies and addressing uncertainties.
- Clear statement of the amount and purpose of funds required.
- Outline of key assumptions underlying financial projections. Rationale for these assumptions.
- Summary of industry financial trends and business positioning. Outlook on future financial prospects considering market dynamics.
Looking For The Right Business Plan Format?
These sample business plans will provide you with a complete structure and format for your business plan, which will give you a head start on developing your document, so you won’t be stuck seeing an empty page and wondering what to write.
Simply going through the process of writing a business plan is one of its key benefits. If you sit down to write, you’ll naturally think about your startup costs, your target market , and any market analysis or research you’ll need to conduct. In addition to defining your position among your competitors, you will establish your goals and milestones.
You can see what should be included in a sample financial plan, but It is wrong to assume that a sample company’s financial projections will fit your own. If you need more resources to get you started, we recommend this guide on how to write a business plan .
In addition, you can download our 40+ free business plan templates covering a range of industries.
One-page business plans are short, compact, and to the point and are designed to make the plan easy to read at a glance. Make sure to include all of the sections, but truncate and summarize them
Start-up business plans are for businesses that are just getting started. They are usually developed to secure outside funding. In this regard, financials are of increased importance, as well as other sections that determine whether your business idea is viable, such as market research.
A strategic business plan lays out a company’s goals and how it will achieve them at a high level. It is a foundational document for the company as a whole. A strategic business plan allows all levels of the business to see the big picture, inspiring employees to work together to reach the company’s goals.
Developing a feasibility plan answers two primary questions about a business venture: who would purchase the service or product the company wants to sell, and if the venture is profitable.
Internal Business plans are geared to a specific audience within a company to keep your team on the same page and focused on the same goals.
In conclusion, whether you’re venturing into a traditional business or creating an innovative startup, the significance of a well-crafted business plan cannot be overstated. Different types of business plans cater to specific needs, from internal alignment to strategic expansion. Employing a template in MS Word ensures a polished presentation. The process of writing an executive summary, creating a plan, and defining the components of your business plan is essential.
Recognizing the need for a comprehensive and standard business plan can help guide your endeavors. Whether you choose to write a full business plan or opt for a one-page business overview, leveraging templates in MS Word can simplify the process. In essence, understanding the types of business plans and utilizing an executive summary template provides a structured approach to showcase your business overview.
Take inspiration from example business plans to tailor your strategy, ensuring a roadmap for success in the dynamic world of entrepreneurship. Always remember, a meticulously crafted business plan not only communicates your vision effectively but also serves as a valuable resource that can help secure investments and guide your business’s growth trajectory.
Begin with an executive summary, delve into market analysis, outline your strategies, create financial projections, and use available business plan examples as templates to guide your writing.
A comprehensive business plan template should encompass key sections such as an executive summary, business description, market analysis, marketing strategy, organizational structure, and financial projections. Seek templates online that cover these elements.
Tailor your business plan to the scale of your small business. Define your objectives clearly, outline cost-effective strategies, and emphasize agility in adapting to market changes.
Explore well-crafted business plan examples you can visit our website wisebusinessplan.
The fundamental components include an executive summary, business description, market analysis, marketing and sales strategy, organizational structure, product/service description, and financial projections.
Investors focus on growth potential, detailed financial projections, market analysis, competition analysis, and the qualifications and experience of your management team when reviewing a business plan.
To find a business plan example for a tech startup,you can visit our visit wisebusinessplan .
A business plan provides a comprehensive overview of your entire business, including strategies, operations, and financials. In contrast, a business proposal typically focuses on a specific project or offer, outlining the details and benefits to a potential client.
Craft an engaging executive summary by summarizing your business’s mission, highlighting the market opportunity, showcasing your product or service, and providing a concise overview of your financial projections.
Seek tailored business plan examples for nonprofit organizations you can visit wisebusinessplan .
These business plans are written by MBA writers. Real-world use cases were used in these plans.
Get our business plan writing and consultation service.
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Table of Contents
How to Write a Business Plan
Executive summary.
Overview and Business Objectives
Company description, define your target market, market analysis, swot analysis, competitive analysis, organization and management team, products and services offered, marketing and sales strategy, logistics and operations plan, financial projections plan, income statement, cash flow statement.
Section | Description | Example |
---|---|---|
Executive Summary | Brief overview of the business plan | Overview of EcoTech and its mission |
Overview & Objectives | Outline of company's goals and strategies | Market leadership in sustainable technology |
Company Description | Detailed explanation of the company and its unique selling proposition | EcoTech's history, mission, and vision |
Target Market | Description of ideal customers and their needs | Environmentally conscious consumers and businesses |
Market Analysis | Examination of industry trends, customer needs, and competitors | Trends in eco-friendly technology market |
SWOT Analysis | Evaluation of Strengths, Weaknesses, Opportunities, and Threats | Strengths and weaknesses of EcoTech |
Competitive Analysis | In-depth analysis of competitors and their strategies | Analysis of GreenTech and EarthSolutions |
Organization & Management | Overview of the company's structure and management team | Key roles and team members at EcoTech |
Products & Services | Description of offerings and their unique features | Energy-efficient lighting solutions, solar chargers |
Marketing & Sales | Outline of marketing channels and sales strategies | Digital advertising, content marketing, influencer partnerships |
Logistics & Operations | Details about daily operations, supply chain, inventory, and quality control | Partnerships with manufacturers, quality control |
Financial Projections | Forecast of revenue, expenses, and profit for the next 3-5 years | Projected growth in revenue and net profit |
Income Statement | Summary of company's revenues and expenses over a specified period | Revenue, Cost of Goods Sold, Gross Profit, Net Income |
Cash Flow Statement | Overview of cash inflows and outflows within the business | Net Cash from Operating Activities, Investing Activities, Financing Activities |
Tips on Writing a Business Plan
Free business plan template, what is a business plan, why you should write a business plan, what are the different types of business plans.
Type of Business Plan | Purpose | Key Components | Target Audience |
---|---|---|---|
Startup Business Plan | Outlines the company's mission, objectives, target market, competition, marketing strategies, and financial projections. | Mission Statement, Company Description, Market Analysis, Competitive Analysis, Organizational Structure, Marketing and Sales Strategy, Financial Projections. | Entrepreneurs, Investors |
Internal Business Plan | Serves as a management tool for guiding the company's growth, evaluating its progress, and ensuring that all departments are aligned with the overall vision. | Strategies, Milestones, Deadlines, Resource Allocation. | Internal Team Members |
Strategic Business Plan | Outlines long-term goals and the steps to achieve them. | SWOT Analysis, Market Research, Competitive Analysis, Long-Term Goals. | Executives, Managers, Investors |
Feasibility Business Plan | Assesses the viability of a business idea. | Market Demand, Competition, Financial Projections, Potential Obstacles. | Entrepreneurs, Investors |
Growth Business Plan | Focuses on strategies for scaling up an existing business. | Market Analysis, New Product/Service Offerings, Financial Projections. | Business Owners, Investors |
Operational Business Plan | Outlines the company's day-to-day operations. | Processes, Procedures, Organizational Structure. | Managers, Employees |
Lean Business Plan | A simplified, agile version of a traditional plan, focusing on key elements. | Value Proposition, Customer Segments, Revenue Streams, Cost Structure. | Entrepreneurs, Startups |
One-Page Business Plan | A concise summary of your company's key objectives, strategies, and milestones. | Key Objectives, Strategies, Milestones. | Entrepreneurs, Investors, Partners |
Nonprofit Business Plan | Outlines the mission, goals, target audience, fundraising strategies, and budget allocation for nonprofit organizations. | Mission Statement, Goals, Target Audience, Fundraising Strategies, Budget. | Nonprofit Leaders, Board Members, Donors |
Franchise Business Plan | Focuses on the franchisor's requirements, as well as the franchisee's goals, strategies, and financial projections. | Franchise Agreement, Brand Standards, Marketing Efforts, Operational Procedures, Financial Projections. | Franchisors, Franchisees, Investors |
Using Business Plan Software
Software | Key Features | User Interface | Additional Features |
---|---|---|---|
LivePlan | Over 500 sample plans, financial forecasting tools, progress tracking against KPIs | User-friendly, visually appealing | Allows creation of professional-looking business plans |
Upmetrics | Customizable templates, financial forecasting tools, collaboration capabilities | Simple and intuitive | Provides a resource library for business planning |
Bizplan | Drag-and-drop builder, modular sections, financial forecasting tools, progress tracking | Simple, visually engaging | Designed to simplify the business planning process |
Enloop | Industry-specific templates, financial forecasting tools, automatic business plan generation, unique performance score | Robust, user-friendly | Offers a free version, making it accessible for businesses on a budget |
Tarkenton GoSmallBiz | Guided business plan builder, customizable templates, financial projection tools | User-friendly | Offers CRM tools, legal document templates, and additional resources for small businesses |
Business Plan FAQs
What is a good business plan, what are the 3 main purposes of a business plan, can i write a business plan by myself, is it possible to create a one-page business plan, how long should a business plan be, what is a business plan outline, what are the 5 most common business plan mistakes, what questions should be asked in a business plan, what’s the difference between a business plan and a strategic plan, how is business planning for a nonprofit different.
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Writing a business plan from scratch seems like an uphill climb? We get that, but hold tight—you’re not alone. Even business plan writers often feel the same way while writing from scratch. That’s where a little content reference or inspiration can help—just like these business plan examples .
Reading such real-life sample business plans can be incredibly helpful while drafting your very first business plan with zero clue about business plan writing.
As you read and explore these industry-specific examples, you learn more about what you should and should not include in your business plan, ensuring sustainable and long-term growth.
So, let’s explore these 400+ business plan examples to help you quickly write a business plan—hassle-free.
Why you should refer a business plan example?
A Business plan example will provide you with the complete format and structure for your document, giving you a head start on developing your document so you’re not stuck seeing an empty page working to find out where to start.
Also, it gives you the overall layout of a professional business plan so you understand what goes where and you’re not leaving out anything.
Here are some of the key benefits of using sample business plans:
- Guidance on what to include in each section. If you’ve never attended business school, you might never have created a SWOT analysis or a balance sheet before. Business templates that give guidance — in plain language — about what to include and how to fill in each section and create a complete and effective plan.
- A business plan is vital to get an investment. If you’re seeking investment for your business, you’ll need to convince banks and investors why they should invest in your business . Lenders and investors will only risk their time and money if they’re certain that your business will be successful and profitable and they will get a great return on their investment.
- A business plan can help you prioritize. A complete, well-balanced business plan is one of the most valuable tools in assisting you to reach your long-term goals. It gives your business direction, defines your goals, outlines out strategies to reach your goals, and helps you to manage possible bumps in the way.
Creating a business plan will help you define the business goals you want to achieve, and define the strategies to achieve them. This means you can focus your resources and energy on what is important, rather than wasting time on unimportant things.
If you’re working with a team in your company then having a regular brainstorming session is the best way to keep your business on track and your business plan assures you’re all on the same page.
Make your plan in half the time & twice the impact with Upmetrics.
Sample business plan format
Following is the standard business plan format you must consider while drafting a comprehensive business plan.
- Executive Summary : A high-level overview of your business plan.
- Company Overview : An in-depth and detailed description of your small business, its fundamental elements, and future goals.
- Market Analysis : A detailed description of your industry with the target market, competitors, and growth potential.
- Products and Services : Description of the products or services you intend to exchange for money.
- Sales and Marketing Strategies : Promotional strategies you will use to attract and retain customers.
- Operations Plan : Business processes and procedures that ensure seamless business operations.
- Management Team : Introduction to your founders, key management, and their compensation plan.
- Financial Plan : A breakdown of your financial projections and financing needs.
- Appendix : A supplementary final section that includes additional documents to support your plan.
This was about the outline. Now let’s break down and understand how to write each section, step by step, with real-life examples.
1. Executive Summary
Executive Summary is the first section of your business plan, providing a high-level overview of your entire plan and summarizing it for a quick understanding of your business.
Considering it as an introductory section of your plan, it must be clear, concise, and written to grab readers’ attention and persuade them to take action.
As business plans can be 10-20 to a hundred-page long, an executive summary remains your sole chance to gain a quick extra point.
Here are a few key components your Executive Summary must include:
- Business concept
- Company’s mission
- Company History
- Market Opportunity
- Management Team
- Financial Projections
Remember, you are bound to cover these topics in detail moving forward in your business plan, so make sure your executive summary is brief, covering only the key takeaways.
2. Company Overview
As the name suggests, the Company Overview section of your plan provides an overview of your small business, including your business concept, objectives, future goals, and what customers your business serves.
Since you will provide a brief company description in the executive summary, this section will expand on it—providing an in-depth understanding of your business.
Remember, this section is a platform for introducing and positioning your business as an ideal solution for your target market to your reader. So, make sure it’s short and succinct but impactful enough to help them understand what it does, who your potential customers are, and how you can make a difference.
Here are a few key components your business overview must include:
- Company Description
- Mission Statement
- Business Objectives
- Business History
- Future Goals
3. Market Analysis
Market Analysis is a study of your external business environment, providing a complete overview of your industry and its dynamics. This section provides valuable insights into the market, like what’s working.
When smartly researched, utilized, and written, this section can help you discover and identify untapped areas in the market and strategize to stand out from your competitors.
Remember, this section helps your readers and potential investors understand your target market, market size, and growth potential, so make sure you play your cards right.
Here are a few key components your market analysis section must include:
- Target Market
- Market Size and Growth Potential
- Competitive Analysis
- Market or Industry Trends
- Regulatory Environment
Unlike other sections of your business plan , Market Analysis requires deep research and analytical work. However, using an industry-specific example business plan can save hours of research work.
4. Products And Services
The products and services section is where you will mention and elaborate on your product or service range, description, pricing strategies, and more.
Since your business success solely depends on your products or services, your entire plan revolves around this particular section.
This section can be a crucial component of your plan while searching for an investor or partner, as a well-articulated products and services section can help you persuade them.
Here are a few key elements your products and services section must include:
- Product Description
- Product Comparison
- Pricing Strategy
- Order Management
- Quality Measures
5. Sales And Marketing Strategies
A business’s sales and marketing strategies determine how your product is displayed and reaches your target audience.
A well-designed sales and marketing plan can help you streamline your marketing efforts and create impactful and effective marketing campaigns while keeping track of the marketing budget and maximizing return on investment.
In short, this section will discuss how you’ll acquire new customers using your sales and marketing strategy. You might consider including the following information in your sales and marketing plan:
- Your target audience and brand positioning
- Your business’ UVP
- Marketing channels and distribution tactics you plan to use
- Sales goals and performance measurement
- Your customer retention strategies
- Your sales and marketing goals
6. Operations Plan
The operations plan section outlines the daily business processes and activities centered on achieving business goals and objectives described in the previous sections of your plan.
A detail-oriented logistics and operations plan helps you and your team define your responsibilities, daily tasks, and short-term goals you need to achieve, keeping track of your long-term objective.
Remember, your logistics and operations plan won’t be static but a living document. You may adjust and update it as time goes on.
Here are a few key elements your operations plan section must include:
- Staffing and training
- Tools and equipment
- Inventory management
- Supply chain management
- Operational process
7. Management Team
Your management team plays a crucial role in the ultimate success of your business. And this section introduces your owners and management team, along with their qualifications, industry experience, roles and responsibilities, and compensation plan.
A strong management team section can be critical to weigh authority and help investors be confident about your business idea and vision.
Make sure to include the educational background, accomplishments, work experience, and area of expertise for each individual, part of your management.
You might consider including the following information in the management team section:
- Business owner/founders
- Key management
- Organization structure
- Compensation plan
- Advisors/consultants
8. Financial Plan
It’s no secret that the financial plan is the most crucial yet nerve-wracking aspect of business planning. In fact, it’s one of the deciding factors when it comes to convincing potential investors and banks to invest or lend money.
This section of your plan details your business’s financial information and how it will reach its financial goals. The information may include balance sheet, income, and cash flow statements.
Here are a few key components and financial statements you must include or provide while creating a financial plan:
- Profit and loss statements
- Operating costs
- Income statement
- Cash flow statement
- Balance sheet
- Break-even point
- Financing needs
9. Appendix
While an Appendix isn’t a required element of your business plan, it can be pretty helpful in adding legal notes, charts, tables, or any other critical information to support your business document.
It generally includes financial statements, information, and documents that didn’t naturally fit into your plan but can be considered critical enough to add.
In addition, it helps readers navigate through the entire business plan and easily find specific information or documents.
Need a way out from manual editing and business plan writing work?
Get Upmetrics’ business plan template, import data directly into the editor, and start editing using Upmetrics AI Assistant.
Start Planning Now
Since we are finished discussing the sections of a business, let’s learn more about how you can put an example business plan to use while writing your own.
How to use an Example of a Business Plan to write your own?
Having real-life and industry-specific business plan examples by your side can be incredibly resourceful to help you write a business plan from scratch.
A well-planned structure helps you outline your plan, while content inspiration helps you set the tone for your business document.
Let’s dive deep and understand how to use these examples effectively to write your business plan.
1. Understanding the Structure
Traditional business plans generally follow a similar structure.
It starts with an executive summary followed by a company description, market analysis, product and services, sales and marketing strategies, operational plan, management team, financial plan, and appendix.
Using an example business plan is the best way to understand the structure and outline your plan.
2. Gaining Inspiration
Reading industry-specific business plan examples can help you gain inspiration for your plan. You can gain insights on presenting your business idea, vision, mission, and values and persuade investors to invest in your idea.
3. Learning Industry-Specific Language
There’s no universal template for business planning that fits all. An industry-specific template can help you learn and understand the business language for your industry and the best way to communicate your message to your investors.
4. Identifying Key Elements
Reading business plan examples of similar businesses can help you identify the key elements and information to include in your plan. You can keep note of these and ensure everything necessary for investors to consider is present in your final draft.
5. Crafting Financial Projections
A financial plan is a critical component of your business plan, and a good business plan example can help you better understand how they project their financials which can be incredibly helpful while forecasting yours.
6. Refining Your Executive Summary
As mentioned earlier, your executive summary is a key factor influencing potential investors and lenders to invest or lend you money. Analyzing free business plan templates can help you optimize your executive summary to make it more brief, persuasive, and attention-grabbing.
7. Realizing what works and what doesn’t
Analyzing industry-specific and real-life examples can help you determine what works best and what doesn’t within your industry. Understanding these factors can help you avoid many significant pitfalls.
While business plan examples can be incredibly helpful in writing a plan from scratch, ensure your plan is customized for your business and sends out a unique message. Your business plan must reflect its unique idea, vision, and target market.
Download business plan examples for:
- Business Plan Template for Startups
- Business Plan Template for Small Business
- Business Plan Example for Non Profits
- Business Plan Example for Students
Download a free sample business plan template
Ready to kick-start your business plan writing process? Not sure where to start? Here you go, download our free sample business plan, import data directly into the editor, and start planning.
This intuitive, modern, and investment-ready template is designed specifically for startups and small businesses. In fact, this format has helped 110K+ entrepreneurs create business plans to secure funding, business grants, and loans. It includes a business planning course and step-by-step instructions to write each section.
Business plan types: choose the suitable template
Well, there are a few types of business plans. Though they cover similar categories, they all have different formats intended for different purposes or industries.
Here are a few common business plan types to help you choose the most suitable one for your business:
1. One-page business plan
One page business plan can be considered a one-page version of a standard business plan. It’s mainly used to present a quick overview of small businesses to your vendors, employees, investors, or stakeholders.
Considering its shorter length, creating a one page business plan can be a lot easier and less time-consuming compared to a standard business plan using a business plan software like Upmetrics.
2. Lean business plan
A lean business plan is a summarized version of a standard business plan that is longer than a one-page one. It’s mainly used to track finances and emphasize achieving short-term milestones.
This business plan type is best suitable if you are unsure about the business planning process. Moreover, drafting a lean business plan is also a lot easier and faster than a standard one.
3. Traditional business plan
A traditional business plan is the standard plan entrepreneurs have been using for years to outline marketing strategies, project financials, and draw investors. A traditional business plan can be a few dozen to a hundred-page long, depending on its purpose and your business specifications.
A traditional plan is a must-have business document for business owners aiming to achieve long-term business success.
4. Internal business plan
As the name suggests, an internal business plan is a document designed for internal management and team members to ensure everyone’s on the same page. The primary focus of these plans is to set primary goals and outline processes aiming to achieve them—ultimately streamlining business operations.
Start writing your business plan
There’s no denying—creating a business plan that draws investors in needs some serious work; it’s no stroll in the park. But you must take the first step to stay ahead in the cut-throat competition; there is no way around it.
So, what are you waiting for? Understand your business and the value it offers to its customers, find a suitable template from our library, and start planning.
Simplifying Business Planning through AI-Powered Insights.
Founder, CEO & Lead Scientist at Nanolyse Technologies
After trying Upmetrics, I wish to highly recommend this app to anyone who needs to write a business plan flexibly and to a high standard.
Frequently Asked Questions
How can i write my own business plan.
Follow this step-by-step process to write your business plan on your own.
- Choose a format that best suits your business requirements
- Create a business plan outline
- Create a company description section
- Conduct market research
- Conduct a competitive analysis
- Describe your product and services
- Outline sales and marketing strategies
- Create a logistics and operations plan
- Introduce management team
- Project financials
- Summarize your plan with an executive summary
- Complete your plan with an appendix
Where can I find business plan examples?
Upmetrics is an incredible business planning solution providing 400+ business plan samples and examples. You can easily create a good business plan using these industry-specific templates.
What is a business plan template?
A business plan template is a pre-formatted business plan, usually written for a fictional company. These industry-specific templates can help entrepreneurs understand a business plan’s structure and other key components. These templates are used mainly by entrepreneurs planning to launch a new startup or expand an existing business.
Should I hire someone to write my business plan for me?
Concept, contents, and cashflow are the 3Cs of a business plan that can be defined as follows:
- Concept: Your concept should explain the purpose of your business, summarizing what you plan to accomplish with this very business.
- Contents: Your content should reflect your concept, product and services, target market, and competition.
- Cashflow: Your cash flow section must detail your cash in-and-out flows, including capital investment, operations costs, and revenue projections.
Why Is It Beneficial to Use a Sample Business Plan as a Guide?
Let’s face it—writing a 40-50 page business plan from scratch can be too intimidating; you may soon give up and won’t even finish it.
Instead, using a sample business plan as a guide can help you understand its structure, gain inspiration and ideas for content, plan marketing strategies, and project financials. In short, using business template examples is the best way to write a business plan.
When should you not follow a business plan example?
We’ve always been saying this, using an example of a business plan is the best way to write one. However, it’s also critical to understand when not to follow a template. Here’s when:
- The format does not align with your business model or industry.
- Include outdated templates and information.
- Offer poorly written content.
- Include misleading and poorly done financials.
- There’s a lack of expertise.
These are a few red flags in a template you must consider looking at while choosing one.
Are these examples suited for business plan beginners?
Absolutely. In fact, these examples are specially designed, keeping common issues faced by beginners while drafting a plan in mind to serve them best. So, if you are a new or an established business with no planning experience, you have to check out these templates.
Looking for a faster way to finish your business plan?
How to Write a Business Plan (Plus Examples & Templates)
Have you ever wondered how to write a business plan step by step? Mike Andes, told us:
This guide will help you write a business plan to impress investors.
Throughout this process, we’ll get information from Mike Andes, who started Augusta Lawn Care Services when he was 12 and turned it into a franchise with over 90 locations. He has gone on to help others learn how to write business plans and start businesses. He knows a thing or two about writing business plans!
We’ll start by discussing the definition of a business plan. Then we’ll discuss how to come up with the idea, how to do the market research, and then the important elements in the business plan format. Keep reading to start your journey!
What Is a Business Plan?
A business plan is simply a road map of what you are trying to achieve with your business and how you will go about achieving it. It should cover all elements of your business including:
- Finding customers
- Plans for developing a team
- Competition
- Legal structures
- Key milestones you are pursuing
If you aren’t quite ready to create a business plan, consider starting by reading our business startup guide .
Get a Business Idea
Before you can write a business plan, you have to have a business idea. You may see a problem that needs to be solved and have an idea how to solve it, or you might start by evaluating your interests and skills.
Mike told us, “The three things I suggest asking yourself when thinking about starting a business are:
- What am I good at?
- What would I enjoy doing?
- What can I get paid for?”
If all three of these questions don’t lead to at least one common answer, it will probably be a much harder road to success. Either there is not much market for it, you won’t be good at it, or you won’t enjoy doing it.
As Mike told us, “There’s enough stress starting and running a business that if you don’t like it or aren’t good at it, it’s hard to succeed.”
If you’d like to hear more about Mike’s approach to starting a business, check out our YouTube video
Conduct Market Analysis
Market analysis is focused on establishing if there is a target market for your products and services, how large the target market is, and identifying the demographics of people or businesses that would be interested in the product or service. The goal here is to establish how much money your business concept can make.
Product and Service Demand
A search engine is your best friend when trying to figure out if there is demand for your products and services. Personally, I love using presearch.org because it lets you directly search on a ton of different platforms including Google, Youtube, Twitter, and more. Check out the screenshot for the full list of search options.
With quick web searches, you can find out how many competitors you have, look through their reviews, and see if there are common complaints about the competitors. Bad reviews are a great place to find opportunities to offer better products or services.
If there are no similar products or services, you may have stumbled upon something new, or there may just be no demand for it. To find out, go talk to your most honest friend about the idea and see what they think. If they tell you it’s dumb or stare at you vacantly, there’s probably no market for it.
You can also conduct a survey through social media to get public opinion on your idea. Using Facebook Business Manager , you could get a feel for who would be interested in your product or service.
I ran a quick test of how many people between 18-65 you could reach in the U.S. during a week. It returned an estimated 700-2,000 for the total number of leads, which is enough to do a fairly accurate statistical analysis.
Identify Demographics of Target Market
Depending on what type of business you want to run, your target market will be different. The narrower the demographic, the fewer potential customers you’ll have. If you did a survey, you’ll be able to use that data to help define your target audience. Some considerations you’ll want to consider are:
- Other Interests
- Marital Status
- Do they have kids?
Once you have this information, it can help you narrow down your options for location and help define your marketing further. One resource that Mike recommended using is the Census Bureau’s Quick Facts Map . He told us,
“It helps you quickly evaluate what the best areas are for your business to be located.”
How to Write a Business Plan
Now that you’ve developed your idea a little and established there is a market for it, you can begin writing a business plan. Getting started is easier with the business plan template we created for you to download. I strongly recommend using it as it is updated to make it easier to create an action plan.
Each of the following should be a section of your business plan:
- Business Plan Cover Page
- Table of Contents
- Executive Summary
- Company Description
- Description of Products and Services
SWOT Analysis
- Competitor Data
- Competitive Analysis
- Marketing Expenses Strategy
Pricing Strategy
- Distribution Channel Assessment
- Operational Plan
- Management and Organizational Strategy
- Financial Statements and/or Financial Projections
We’ll look into each of these. Don’t forget to download our free business plan template (mentioned just above) so you can follow along as we go.
How to Write a Business Plan Step 1. Create a Cover Page
The first thing investors will see is the cover page for your business plan. Make sure it looks professional. A great cover page shows that you think about first impressions.
A good business plan should have the following elements on a cover page:
- Professionally designed logo
- Company name
- Mission or Vision Statement
- Contact Info
Basically, think of a cover page for your business plan like a giant business card. It is meant to capture people’s attention but be quickly processed.
How to Write a Business Plan Step 2. Create a Table of Contents
Most people are busy enough that they don’t have a lot of time. Providing a table of contents makes it easy for them to find the pages of your plan that are meaningful to them.
A table of contents will be immediately after the cover page, but you can include it after the executive summary. Including the table of contents immediately after the executive summary will help investors know what section of your business plan they want to review more thoroughly.
Check out Canva’s article about creating a table of contents . It has a ton of great information about creating easy access to each section of your business plan. Just remember that you’ll want to use different strategies for digital and hard copy business plans.
How to Write a Business Plan Step 3. Write an Executive Summary
An executive summary is where your business plan should catch the readers interest. It doesn’t need to be long, but should be quick and easy to read.
Mike told us,
How long should an executive summary bein an informal business plan?
For casual use, an executive summary should be similar to an elevator pitch, no more than 150-160 words, just enough to get them interested and wanting more. Indeed has a great article on elevator pitches . This can also be used for the content of emails to get readers’ attention.
It consists of three basic parts:
- An introduction to you and your business.
- What your business is about.
- A call to action
Example of an informal executive summary
One of the best elevator pitches I’ve used is:
So far that pitch has achieved a 100% success rate in getting partnerships for the business.
What should I include in an executive summary for investors?
Investors are going to need a more detailed executive summary if you want to secure financing or sell equity. The executive summary should be a brief overview of your entire business plan and include:
- Introduction of yourself and company.
- An origin story (Recognition of a problem and how you came to solution)
- An introduction to your products or services.
- Your unique value proposition. Make sure to include intellectual property.
- Where you are in the business life cycle
- Request and why you need it.
Successful business plan examples
The owner of Urbanity told us he spent 2 months writing a 75-page business plan and received a $250,000 loan from the bank when he was 23. Make your business plan as detailed as possible when looking for financing. We’ve provided a template to help you prepare the portions of a business plan that banks expect.
Here’s the interview with the owner of Urbanity:
When to write an executive summary?
Even though the summary is near the beginning of a business plan, you should write it after you complete the rest of a business plan. You can’t talk about revenue, profits, and expected expenditures if you haven’t done the market research and created a financial plan.
What mistakes do people make when writing an executive summary?
Business owners commonly go into too much detail about the following items in an executive summary:
- Marketing and sales processes
- Financial statements
- Organizational structure
- Market analysis
These are things that people will want to know later, but they don’t hook the reader. They won’t spark interest in your small business, but they’ll close the deal.
How to Write a Business Plan Step 4. Company Description
Every business plan should include a company description. A great business plan will include the following elements while describing the company:
- Mission statement
- Philosophy and vision
- Company goals
Target market
- Legal structure
Let’s take a look at what each section includes in a good business plan.
Mission Statement
A mission statement is a brief explanation of why you started the company and what the company’s main focus is. It should be no more than one or two sentences. Check out HubSpot’s article 27 Inspiring Mission Statement for a great read on informative and inspiring mission and vision statements.
Company Philosophy and Vision
The company philosophy is what drives your company. You’ll normally hear them called core values. These are the building blocks that make your company different. You want to communicate your values to customers, business owners, and investors as often as possible to build a company culture, but make sure to back them up.
What makes your company different?
Each company is different. Your new business should rise above the standard company lines of honesty, integrity, fun, innovation, and community when communicating your business values. The standard answers are corporate jargon and lack authenticity.
Examples of core values
One of my clients decided to add a core values page to their website. As a tech company they emphasized the values:
- Prioritize communication.
- Never stop learning.
- Be transparent.
- Start small and grow incrementally.
These values communicate how the owner and the rest of the company operate. They also show a value proposition and competitive advantage because they specifically focus on delivering business value from the start. These values also genuinely show what the company is about and customers recognize the sincerity. Indeed has a great blog about how to identify your core values .
What is a vision statement?
A vision statement communicate the long lasting change a business pursues. The vision helps investors and customers understand what your company is trying to accomplish. The vision statement goes beyond a mission statement to provide something meaningful to the community, customer’s lives, or even the world.
Example vision statements
The Alzheimer’s Association is a great example of a vision statement:
A world without Alzheimer’s Disease and other dementia.
It clearly tells how they want to change the world. A world without Alzheimers might be unachievable, but that means they always have room for improvement.
Business Goals
You have to measure success against goals for a business plan to be meaningful. A business plan helps guide a company similar to how your GPS provides a road map to your favorite travel destination. A goal to make as much money as possible is not inspirational and sounds greedy.
Sure, business owners want to increase their profits and improve customer service, but they need to present an overview of what they consider success. The goals should help everyone prioritize their work.
How far in advance should a business plan?
Business planning should be done at least one year in advance, but many banks and investors prefer three to five year business plans. Longer plans show investors that the management team understands the market and knows the business is operating in a constantly shifting market. In addition, a plan helps businesses to adjust to changes because they have already considered how to handle them.
Example of great business goals
My all time-favorite long-term company goals are included in Tesla’s Master Plan, Part Deux . These goals were written in 2016 and drive the company’s decisions through 2026. They are the reason that investors are so forgiving when Elon Musk continually fails to meet his quarterly and annual goals.
If the progress aligns with the business plan investors are likely to continue to believe in the company. Just make sure the goals are reasonable or you’ll be discredited (unless you’re Elon Musk).
You did target market research before creating a business plan. Now it’s time to add it to the plan so others understand what your ideal customer looks like. As a new business owner, you may not be considered an expert in your field yet, so document everything. Make sure the references you use are from respectable sources.
Use information from the specific lender when you are applying for lending. Most lenders provide industry research reports and using their data can strengthen the position of your business plan.
A small business plan should include a section on the external environment. Understanding the industry is crucial because we don’t plan a business in a vacuum. Make sure to research the industry trends, competitors, and forecasts. I personally prefer IBIS World for my business research. Make sure to answer questions like:
- What is the industry outlook long-term and short-term?
- How will your business take advantage of projected industry changes and trends?
- What might happen to your competitors and how will your business successfully compete?
Industry resources
Some helpful resources to help you establish more about your industry are:
- Trade Associations
- Federal Reserve
- Bureau of Labor Statistics
Legal Structure
There are five basic types of legal structures that most people will utilize:
- Sole proprietorships
- Limited Liability Companies (LLC)
Partnerships
Corporations.
- Franchises.
Each business structure has their pros and cons. An LLC is the most common legal structure due to its protection of personal assets and ease of setting up. Make sure to specify how ownership is divided and what roles each owner plays when you have more than one business owner.
You’ll have to decide which structure is best for you, but we’ve gathered information on each to make it easier.
Sole Proprietorship
A sole proprietorship is the easiest legal structure to set up but doesn’t protect the owner’s personal assets from legal issues. That means if something goes wrong, you could lose both your company and your home.
To start a sole proprietorship, fill out a special tax form called a Schedule C . Sole proprietors can also join the American Independent Business Alliance .
Limited Liability Company (LLC)
An LLC is the most common business structure used in the United States because an LLC protects the owner’s personal assets. It’s similar to partnerships and corporations, but can be a single-member LLC in most states. An LLC requires a document called an operating agreement.
Each state has different requirements. Here’s a link to find your state’s requirements . Delaware and Nevada are common states to file an LLC because they are really business-friendly. Here’s a blog on the top 10 states to get an LLC.
Partnerships are typically for legal firms. If you choose to use a partnership choose a Limited Liability Partnership. Alternatively, you can just use an LLC.
Corporations are typically for massive organizations. Corporations have taxes on both corporate and income tax so unless you plan on selling stock, you are better off considering an LLC with S-Corp status . Investopedia has good information corporations here .
There are several opportunities to purchase successful franchises. TopFranchise.com has a list of companies in a variety of industries that offer franchise opportunities. This makes it where an entrepreneur can benefit from the reputation of an established business that has already worked out many of the kinks of starting from scratch.
How to Write a Business Plan Step 5. Products and Services
This section of the business plan should focus on what you sell, how you source it, and how you sell it. You should include:
- Unique features that differentiate your business products from competitors
- Intellectual property
- Your supply chain
- Cost and pricing structure
Questions to answer about your products and services
Mike gave us a list of the most important questions to answer about your product and services:
- How will you be selling the product? (in person, ecommerce, wholesale, direct to consumer)?
- How do you let them know they need a product?
- How do you communicate the message?
- How will you do transactions?
- How much will you be selling it for?
- How many do you think you’ll sell and why?
Make sure to use the worksheet on our business plan template .
How to Write a Business Plan Step 6. Sales and Marketing Plan
The marketing and sales plan is focused on the strategy to bring awareness to your company and guides how you will get the product to the consumer. It should contain the following sections:
SWOT Analysis stands for strengths, weaknesses, opportunities, and threats. Not only do you want to identify them, but you also want to document how the business plans to deal with them.
Business owners need to do a thorough job documenting how their service or product stacks up against the competition.
If proper research isn’t done, investors will be able to tell that the owner hasn’t researched the competition and is less likely to believe that the team can protect its service from threats by the more well-established competition. This is one of the most common parts of a presentation that trips up business owners presenting on Shark Tank .
SWOT Examples
Examples of strengths and weaknesses could be things like the lack of cash flow, intellectual property ownership, high costs of suppliers, and customers’ expectations on shipping times.
Opportunities could be ways to capitalize on your strengths or improve your weaknesses, but may also be gaps in the industry. This includes:
- Adding offerings that fit with your current small business
- Increase sales to current customers
- Reducing costs through bulk ordering
- Finding ways to reduce inventory
- And other areas you can improve
Threats will normally come from outside of the company but could also be things like losing a key member of the team. Threats normally come from competition, regulations, taxes, and unforeseen events.
The management team should use the SWOT analysis to guide other areas of business planning, but it absolutely has to be done before a business owner starts marketing.
Include Competitor Data in Your Business Plan
When you plan a business, taking into consideration the strengths and weaknesses of the competition is key to navigating the field. Providing an overview of your competition and where they are headed shows that you are invested in understanding the industry.
For smaller businesses, you’ll want to search both the company and the owners names to see what they are working on. For publicly held corporations, you can find their quarterly and annual reports on the SEC website .
What another business plans to do can impact your business. Make sure to include things that might make it attractive for bigger companies to outsource to a small business.
Marketing Strategy
The marketing and sales part of business plans should be focused on how you are going to make potential customers aware of your business and then sell to them.
If you haven’t already included it, Mike recommends:
“They’ll want to know about Demographics, ages, and wealth of your target market.”
Make sure to include the Total addressable market . The term refers to the value if you captured 100% of the market.
Advertising Strategy
You’ll explain what formats of advertising you’ll be using. Some possibilities are:
- Online: Facebook and Google are the big names to work with here.
- Print : Print can be used to reach broad groups or targeted markets. Check out this for tips .
- Radio : iHeartMedia is one of the best ways to advertise on the radio
- Cable television : High priced, hard to measure ROI, but here’s an explanation of the process
- Billboards: Attracting customers with billboards can be beneficial in high traffic areas.
You’ll want to define how you’ll be using each including frequency, duration, and cost. If you have the materials already created, including pictures or links to the marketing to show creative assets.
Mike told us “Most businesses are marketing digitally now due to Covid, but that’s not always the right answer.”
Make sure the marketing strategy will help team members or external marketing agencies stay within the brand guidelines .
This section of a business plan should be focused on pricing. There are a ton of pricing strategies that may work for different business plans. Which one will work for you depends on what kind of a business you run.
Some common pricing strategies are:
- Value-based pricing – Commonly used with home buying and selling or other products that are status symbols.
- Skimming pricing – Commonly seen in video game consoles, price starts off high to recoup expenses quickly, then reduces over time.
- Competition-based pricing – Pricing based on competitors’ pricing is commonly seen at gas stations.
- Freemium services – Commonly used for software, where there is a free plan, then purchase options for more functionality.
HubSpot has a great calculator and blog on pricing strategies.
Beyond explaining what strategy your business plans to use, you should include references for how you came to this pricing strategy and how it will impact your cash flow.
Distribution Plan
This part of a business plan is focused on how the product or service is going to go through the supply chain. These may include multiple divisions or multiple companies. Make sure to include any parts of the workflow that are automated so investors can see where cost savings are expected and when.
Supply Chain Examples
For instance, lawn care companies would need to cover aspects such as:
- Suppliers for lawn care equipment and tools
- Any chemicals or treatments needed
- Repair parts for sprinkler systems
- Vehicles to transport equipment and employees
- Insurance to protect the company vehicles and people.
Examples of Supply Chains
These are fairly flat supply chains compared to something like a clothing designer where the clothes would go through multiple vendors. A clothing company might have the following supply chain:
- Raw materials
- Shipping of raw materials
- Converting of raw materials to thread
- Shipping thread to produce garments
- Garment producer
- Shipping to company
- Company storage
- Shipping to retail stores
There have been advances such as print on demand that eliminate many of these steps. If you are designing completely custom clothing, all of this would need to be planned to keep from having business disruptions.
The main thing to include in the business plan is the list of suppliers, the path the supply chain follows, the time from order to the customer’s home, and the costs associated with each step of the process.
According to BizPlanReview , a business plan without this information is likely to get rejected because they have failed to research the key elements necessary to make sales to the customer.
How to Write a Business Plan Step 7. Company Organization and Operational Plan
This part of the business plan is focused on how the business model will function while serving customers. The business plan should provide an overview of how the team will manage the following aspects:
Quality Control
- Legal environment
Let’s look at each for some insight.
Production has already been discussed in previous sections so I won’t go into it much. When writing a business plan for investors, try to avoid repetition as it creates a more simple business plan.
If the organizational plan will be used by the team as an overview of how to perform the best services for the customer, then redundancy makes more sense as it communicates what is important to the business.
Quality control policies help to keep the team focused on how to verify that the company adheres to the business plan and meets or exceeds customer expectations.
Quality control can be anything from a standard that says “all labels on shirts can be no more than 1/16″ off center” to a defined checklist of steps that should be performed and filled out for every customer.
There are a variety of organizations that help define quality control including:
- International Organization for Standardization – Quality standards for energy, technology, food, production environments, and cybersecurity
- AICPA – Standard defined for accounting.
- The Joint Commission – Healthcare
- ASHRAE – HVAC best practices
You can find lists of the organizations that contribute most to the government regulation of industries on Open Secrets . Research what the leaders in your field are doing. Follow their example and implement it in your quality control plan.
For location, you should use information from the market research to establish where the location will be. Make sure to include the following in the location documentation.
- The size of your location
- The type of building (retail, industrial, commercial, etc.)
- Zoning restrictions – Urban Wire has a good map on how zoning works in each state
- Accessibility – Does it meet ADA requirements?
- Costs including rent, maintenance, utilities, insurance and any buildout or remodeling costs
- Utilities – b.e.f. has a good energy calculator .
Legal Environment
The legal requirement section is focused on defining how to meet the legal requirements for your industry. A good business plan should include all of the following:
- Any licenses and/or permits that are needed and whether you’ve obtained them
- Any trademarks, copyrights, or patents that you have or are in the process of applying for
- The insurance coverage your business requires and how much it costs
- Any environmental, health, or workplace regulations affecting your business
- Any special regulations affecting your industry
- Bonding requirements, if applicable
Your local SBA office can help you establish requirements in your area. I strongly recommend using them. They are a great resource.
Your business plan should include a plan for company organization and hiring. While you may be the only person with the company right now, down the road you’ll need more people. Make sure to consider and document the answers to the following questions:
- What is the current leadership structure and what will it look like in the future?
- What types of employees will you have? Are there any licensing or educational requirements?
- How many employees will you need?
- Will you ever hire freelancers or independent contractors?
- What is each position’s job description?
- What is the pay structure (hourly, salaried, base plus commission, etc.)?
- How do you plan to find qualified employees and contractors?
One of the most crucial parts of a business plan is the organizational chart. This simply shows the positions the company will need, who is in charge of them and the relationship of each of them. It will look similar to this:
Our small business plan template has a much more in-depth organizational chart you can edit to include when you include the organizational chart in your business plan.
How to Write a Business Plan Step 8. Financial Statements
No business plan is complete without financial statements or financial projections. The business plan format will be different based on whether you are writing a business plan to expand a business or a startup business plan. Let’s dig deeper into each.
Provide All Financial Income from an Existing Business
An existing business should use their past financial documents including the income statement, balance sheet, and cash flow statement to find trends to estimate the next 3-5 years.
You can create easy trendlines in excel to predict future revenue, profit and loss, cash flow, and other changes in year-over-year performance. This will show your expected performance assuming business continues as normal.
If you are seeking an investment, then the business is probably not going to continue as normal. Depending on the financial plan and the purpose of getting financing, adjustments may be needed to the following:
- Higher Revenue if expanding business
- Lower Cost of Goods Sold if purchasing inventory with bulk discounts
- Adding interest if utilizing financing (not equity deal)
- Changes in expenses
- Addition of financing information to the cash flow statement
- Changes in Earnings per Share on the balance sheet
Financial modeling is a challenging subject, but there are plenty of low-cost courses on the subject. If you need help planning your business financial documentation take some time to watch some of them.
Make it a point to document how you calculated all the changes to the income statement, balance sheet, and cash flow statement in your business plan so that key team members or investors can verify your research.
Financial Projections For A Startup Business Plan
Unlike an existing business, a startup doesn’t have previous success to model its future performance. In this scenario, you need to focus on how to make a business plan realistic through the use of industry research and averages.
Mike gave the following advice in his interview:
Financial Forecasting Mistakes
One of the things a lot of inexperienced people use is the argument, “If I get one percent of the market, it is worth $100 million.” If you use this, investors are likely to file the document under bad business plan examples.
Let’s use custom t-shirts as an example.
Credence Research estimated in 2018 there were 11,334,800,000 custom t-shirts sold for a total of $206.12 Billion, with a 6% compound annual growth rate.
With that data, you can calculate that the industry will grow to $270 Billion in 2023 and that the average shirt sold creates $18.18 in revenue.
Combine that with an IBIS World estimate of 11,094 custom screen printers and that means even if you become an average seller, you’ll get .009% of the market.
Here’s a table for easier viewing of that information.
The point here is to make sure your business proposal examples make sense.
You’ll need to know industry averages such as cost of customer acquisition, revenue per customer, the average cost of goods sold, and admin costs to be able to create accurate estimates.
Our simple business plan templates walk you through most of these processes. If you follow them you’ll have a good idea of how to write a business proposal.
How to Write a Business Plan Step 9. Business Plan Example of Funding Requests
What is a business plan without a plan on how to obtain funding?
The Small Business Administration has an example for a pizza restaurant that theoretically needed nearly $20k to make it through their first month.
In our video, How to Start a $500K/Year T-Shirt Business (Pt. 1 ), Sanford Booth told us he needed about $200,000 to start his franchise and broke even after 4 months.
Freshbooks estimates it takes on average 2-3 years for a business to be profitable, which means the fictitious pizza company from the SBA could need up to $330k to make it through that time and still pay their bills for their home and pizza shop.
Not every business needs that much to start, but realistically it’s a good idea to assume that you need a fairly large cushion.
Ways to get funding for a small business
There are a variety of ways to cover this. the most common are:
- Bootstrapping – Using your savings without external funding.
- Taking out debt – loans, credit cards
- Equity, Seed Funding – Ownership of a percentage of the company in exchange for current funds
- Crowdsourcing – Promising a good for funding to create the product
Keep reading for more tips on how to write a business plan.
How funding will be used
When asking for business financing make sure to include:
- How much to get started?
- What is the minimum viable product and how soon can you make money?
- How will the money be spent?
Mike emphasized two aspects that should be included in every plan,
How to Write a Business Plan Resources
Here are some links to a business plan sample and business plan outline.
- Sample plan
It’s also helpful to follow some of the leading influencers in the business plan writing community. Here’s a list:
- Wise Plans – Shares a lot of information on starting businesses and is a business plan writing company.
- Optimus Business Plans – Another business plan writing company.
- Venture Capital – A venture capital thread that can help give you ideas.
How to Write a Business Plan: What’s Next?
We hope this guide about how to write a simple business plan step by step has been helpful. We’ve covered:
- The definition of a business plan
- Coming up with a business idea
- Performing market research
- The critical components of a business plan
- An example business plan
In addition, we provided you with a simple business plan template to assist you in the process of writing your startup business plan. The startup business plan template also includes a business model template that will be the key to your success.
Don’t forget to check out the rest of our business hub .
Have you written a business plan before? How did it impact your ability to achieve your goals?
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How to Write a Business Proposal [Examples + Template]
Updated: June 10, 2024
Published: October 08, 2018
Here’s what every new business owner needs: an extra eight hours in the day, an endless supply of coffee, and, most importantly, a really strong business proposal.
A business proposal can bridge the gap between you and potential clients. Done correctly, it will outline your value proposition and persuade a company or organization to do business with you.
Here, we’ll take a look at the various kinds of business proposals and go over how to write one. We’ll also see some ideas and examples to help guide yours.
Know exactly what you need? Jump to one of the following sections:
What is a business proposal?
How to write a business proposal, business proposal templates, business proposal examples, tips for writing a business proposal, business proposal ideas.
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A business proposal is a formal document that’s created by a company and given to a prospect to secure a business agreement.
It’s a common misconception that business proposals and business plans are the same. However, a proposal helps you sell your product or service — not your business itself.
Think of it this way: Instead of assisting your search for investors to fund your business, a proposal helps you seek new customers.
Follow Along With HubSpot's Business Proposal Template
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Business Plan Template
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This business plan template is a great tool for your startup to customize to reflect your strong qualifications, experienced team, and marketable business idea.
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Business Plan
1. executive summary.
The Executive Summary is where you explain the general idea behind your company; it’s where you give the reader (most likely an investor, or someone else you need on board) a clear indication of why you’ve sent this Business Plan to them. This is a souped-up “elevator pitch,” a couple of pages that summarizes what your business is all about.
Note that, while the entire Business Plan should be well-written, this section must really demonstrate excellent composition and grammar. This is the first part of your Business Plan that anyone will read, so it’s important that it really “sing.”
The header section of the Executive Summary can benefit from flexible treatment, as well. You can use a company logo, or any other design you’d like, but you want to be sure you include the name of your business, right at the start of the Business Plan.
In the Business Plan section, you will want to get the reader’s attention by letting them know what you do. Try to answer some (or all) of the following questions:
- What products or services do you offer?
- What sector do you operate within?
- Who is your target audience?
- What is the future outlook of the marketplace?
- What makes your offer unique?
- Who’s the boss?
- Why did your company start?
The Executive Summary is the place to succinctly describe your business. It’s also appropriate to address why you’ve created your proposal, answering questions like these, briefly, in addition to those above:
- Do you need investment?
- How much money do you need?
- What is the money to be used for?
- How will your business become profitable?
- What’s in it for the recipient?
The last question is perhaps the most important. Already, only having read as far into your business plan as the Executive Summary, your reader is wondering “what’s in it for me?” And your challenge is to offer them a preview (remember this is a “summary”) of the benefits of accepting your business plan, while not giving away the whole story.
2. Business Description
This next section gives all the must-have details about your business. Here you are looking to answer questions like “when did you start?”; “Why?”; “By whom?”
This is the place for your “origin story.” This section should be just as well-written as the Executive Summary, of course. What is your interest in the market? How’d you get to this point?
As you can tell, the Business Description section amounts to backstory – and that’s essential to any Business Plan.
This is where you tell them where you’re coming from, before you get to “why” you’re in need of an investment, in a nutshell.
3. Mission Statement
The Mission Statement section of your Business Plan expands on some of what you talked about in the Executive Summary.
Here are the major points you will want to make in the Mission Statement.
Explain the end-result you seek from the business venture. Connect it to your customers and readers, in turn.
B) Objectives
Explain the steps you will take to reach your goal. Be specific; demonstrate that you have a good idea of what it will realistically take to achieve your goals.
C) Customers
Your target audience has to be well-defined. Here you need to explain exactly who your customer is. You should define your customer as specifically as possible. Is your customer the 18-24 year old customer base? How about the 18 -24 year old music consumers, as an example? Describe them to the finest level of detail possible.
D) Industry
Why is your niche attractive? Is your industry growing? Will you shake it up with your offer? Are you a disruptor? Explain thoroughly in this section.
E) Strengths
Here you want to outline what makes your company special. Answer why your business is different from the rest of the competition. Who’s on your team? The best tip we’ve got is: investors love a top-notch team.
F) Status of Ownership
Here you want to tell your prospective investors the legal status of your company. Is it a limited liability company (LLC)? Is it a sole proprietorship, or partnership? Whatever the case may be, you’ll want to explain it to your prospect.
4. Products and Services
This section is extremely important to a successful Business Plan. This is where you describe what it is that you have to offer the world.
Be sure to include:
- Detailed descriptions of your Products and/or Services. Feel free to include pictures, as you deem appropriate. Don’t forget to add the pricing and/or fees.
- Next, you’ll want to spend some time extolling the features and benefits of your products and/or services. Break it down. Remember that customers love benefits, and prospective investors want to know that you understand those benefits.
The Products/Services you offer are the core of your business. You really can’t afford to omit anything relevant here. Your prospective investor will surely want to know what you have to offer, and they’ll want to know enough about those things to be able to believe in them.
5. Marketing Plan
The Marketing Plan is one of the most essential parts of your Business Plan; marketing is the thing that brings your business to its audience.
The first thing to do in the Marketing Plan section is to prove that you know your target audience. Put the research, market analyses, and industry knowledge that you possess to work in this section. You are illustrating to your recipient that you know your audience better than anyone, and that makes yours the ideal business to serve the audience.
This section can be broken into six distinct parts, as follows:
- Clearly define and explain your target audience
- Briefly describe your competition – particularly what makes you better at what you do than them
- Detail your niche. What particular area of your industry to you fit? Where do you squeeze in, in light of the innovation?
- List your distribution channels.
- Describe how you will promote the business. What media outlets will you use for advertisement? How much is your marketing budget? Your prospective investor will surely want to know.
- State your image or message. How will you present your business to the public? Tell your reader how your customers will see your business.
The Marketing Plan is essential. Make sure you give it plenty of attention, in your Business Plan.
6. Operations Plan
This section of your Business Plan should detail your day-to-day operation. This is important; your prospective investors want to know that you’ve given some thought to the daily operation of your business.
Here, you’ll want to describe the various resources, personnel, and real estate involved in the execution of your business activities.
Here are some of the things you will want to include in the Operations Plan section:
Location-- for either service or product, where do you work out of? (Be specific, with dimensions, cost of utilities etc.)
Transportation-- how do you get your product to your clients? third-party store? Legal requirements -- Do you need permits? licenses? etc. What are the regulations you follow? Work with unions? etc.
Personnel-- Describe the type of positions you already have, plus what you may need to expand on.
Inventory-- Do you keep things in stock? Where? How much does that cost? What is the value of it? Providers/Suppliers -- Who do you lease work out to? List names, addresses, websites.
Timing for Accounts Receivable/Accounts Payable-- Investors want to know about anything that could keep them from making a quick profit.
7. Management Organization
In this section, detail the management structure inside your organization. Your prospective investors will be keen to know who’s calling the shots and to whom at your business.
Here are the things you will want to make sure you list here:
- Board of Directors
- Accountants
- Consultants
Remember, you don’t have to list everyone, down to the janitors, but you do want to be thorough in this section. Let your prospect know that you’re not just winging it, and that you have a team in place.
8. Financial Plan
The Financial Plan is one of the most important, if not the absolute most important, parts of your Business Plan. This is a section that your reader will be eyeing closely, and they will expect you to have put a lot of love into this one, too.
Begin this section by telling the prospective investor about the funding you’ve received so far. Where has it come from? How much does it total? Be forthcoming about your capital and its sources, first and foremost.
This section is also the place where you plan your Profit and Loss (P&L) for at least the next 12 months. This spreadsheet can be used in connection to the cash flow spreadsheet. If your business plans to run a loss for the first year (or two, or three), you should clarify this point in this section, and add a model profitable year for good measure. Just be sure to explain that your Business Plan doesn’t always project a loss.
Cash Flow Spreadsheet Example
Cell and section names:.
CashReceivedB, Expenditures, etc are the names of the sections. To name the cell of section of cells - highlight it and then rename in the upper left corner. Changing the name afterwards, if misspelled or deleting it completely, if reverting back to original cell name is done through “Insert -> Name -> Define”.
Fiscal Year and PV of Cash Flows
Dates will be change automatically if the date in the “Fiscal Year Begins” is changed. Another section where investors would look is the present value of cash flows. It’s the sum of all cash flows discounted back 1 period using company’s annual rate of return, which is set by the company. A number was made up.
Cash Received, Expenditures, Net Cash Flow
Cash Received is a section where someone would record all the cash inflow from different activities like operating or financial. Cash outflows are recorded in Expenditures. Both of these sections are summed in the subtotals: (=SUBTOTAL(109,CashReceivedB)). 109 – specifies the function that should be done by the subtotal, other could be used too, such as averaging; there are numbers from 1 to 11.
With these two sections it is easy to find: Net Cash Flow = Cash inflow – Cash outflow. I also added two sections, which show how much money was in the beginning of the month, and how much is available at the end. That cash balance from previous month is transferred to the next month Cash Available section.
Profit/Loss Analysis Spreadsheet Example
Formulas for this spreadsheet:.
- Gross Profit = Revenue – Cost of production
- GP Margin = Gross Profit / Revenue
- Profit before taxes = Gross Profit + Other Income – Other Expenses
- Profit loss after tax = Profit before tax * (1 – Tax Rate) *However if loss was incurred, tax won’t be applied. To accommodate for that write the IF statement: if Profit Before Taxes > 0, then apply the formula above to that number, otherwise the negative number will be transferred to this cell.
- Net profit margin = Profit after tax / Revenue
Sparklines:
Overview is done with Sparklines. Select the cell where you would want to see the graph then Insert -> Sparklines. The window will pop up where you can choose the data to be shown.
To customize the graph, click on one of them and the ribbon will show up, where you can choose different styles of presentation.
Graphs for Profit/Loss Analysis Example
Creating a chart:.
Go to Insert -> Charts, highlight the data you are trying to present. Charts ribbon has variety of options that will help you improve the look and style of graphs.
Transferring chart to another spreadsheet
In order to move the chart to a new or existing sheet, press control or right click on it and choose “Move”:
Since the charts reference the same cells in the profit/loss analysis spreadsheet, updates in that table will automatically be reflected on the graph.
Break-Even Analysis Spreadsheet
Finding sales mix %:.
In this part, the goal is to find current products sales mix, which will be used in the analysis. You need to input the price and number of units sold/services provided. Sales mix % is then found for each product. These numbers should be transferred by hand to the second table.
Break-Even Analysis:
- Contribution Margin Per Unit = Price per Unit – Variable Cost Per Unit
- Average CM per Unit = CM per Product 1 * Sales Mix % Product 1 + CM per Product 2 * Sales Mix % Product 2+ ...
- Break-Even number of Units to Sell = Fixed Costs / Average CM per Unit. *This is the total number of all products, to find how many units of each product you need to sell:
- B-E units of Product 1 = (Fixed Cost / Average CM per Unit) * Sales Mix of Product 1
- Product Sales in $ = B-E units of Product 1 * Price
This table is useful to quickly assess how different scenarios would affect the break-even points. You can copy the analysis table and paste it right next to each other for easier comparison.
9. Conclusion/Call to Action
The last part of your Business Plan is a conclusion, which ideally should contain a call to action (CTA). Your CTA here is a bit different from a CTA on something like a Web-based landing page. A Business Plan CTA simply clarifies the next step. Is it a phone call or a meeting? Perhaps it’s a phone call to schedule a meeting. Whatever your CTA may be, you’ll want to make it clear, in this section.
10. Confidentiality Statement
Your Business Plan is top secret, right? If that’s the case, it’s up to you to make sure that’s clearly stated to those who receive the Business Plan. One way to protect your business and its intellectual property (IP), is to include a confidentiality, or nondisclosure (NDA) statement in your Business Plan.
11. Addendums
Here is where you add extra information, including but not limited to:
- -- less interesting information, that someone might like to know (positive, of course)
- -- graphs, technical drawings, etc
- -- citations: sometimes you may include a statistic in your proposal, about your industry, your competitive market, etc., but you must cite it.
- -- business studies
- -- city plans, office plans
- -- list of assets for collateral; financial backgrounds of key investors
- -- CVs/resumes, credentials of key players
- -- key collaborators, etc
[Sender.Company]
MM / DD / YYYY
[Client.Company]
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Useful resources
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Free Business Plan Template
Running your own business might be a real challenge. And even if you know exactly every single step of your company, you need a proper business plan to attract investors, employees, and potential partners. Creating one is easy with PandaDoc free business plan templates.
What Is a Business Plan Template?
A business plan template is an opportunity to find a simple and convenient tool that will grant you a proper start for your business. Using even a simple business plan will be a universal solution for all types of companies, especially startups or small ventures.
By providing all the essential facts in your business plan, you will be able to show its most beneficial parts. And with a proper sample of a business plan template, you will avoid all the possible mistakes.
What Is Included In a Free Business Plan Template?
Working with a template for a business plan, you will be able to include all the essential things about development and running your business.
The following chapters are the most important ones:
- The idea of your company. This is the very first thing that shows the purpose and the benefits of your venture. Here, you need to concisely explain your aims, ideally in one-two sentences.
- The description of your business. Here you can show the basic data about your company and the expanded version of your global aims.
- Your business mission. When you want to express the local goals of your company and show all your working aims, you have to use the page with the mission. Include the most important aspects. Goals, objectives, the targeted audience of your projects, the place you are going to take on a market, advantages of your company, and information for investors, who will be able to attend your business.
- Your products and services. Show the beneficial services that you are going to use as your main tool to attract customers and succeed.
- A detailed marketing plan. Here you can show the proper chain of business solutions with an expanded explanation of each and every step of your business. A marketing strategy might include both your potential income and costs.
- Operations plan. Here you can state all the essential tasks you have to do in order to run your project or manage it.
- Management. Show the hierarchy of your employees. It will give the clearest image of how many people your company will accept.
- Financial plan. Giving the clearest and the most expanded vision of all of your costs will be the most important part for your potential investors. Completing this chapter properly might be extremely challenging, but with a proper free business plan template, you will face no trouble with it.
As you can see, there will be more than enough solutions for your business plan. And with a proper conclusion, you will find it simple to show even more beneficial parts of your company to all your investors.
How To Write a Business Plan Template?
To write a proper business plan you can use a sample of a business plan template provided by PandaDoc. When filling it out, you need to include the following information:
- Facts about your company. You can expand it with numbers or achievements like the state of your client base, years of expertise in the market, or anything that attracts the attention of potential investors.
- State the costs and income of your company. It will be essential to calculate everything for investors to have a clear picture of the current state.
- Use the employee tab. With a proper business plan template sample, you will see that you can add employees to the chosen chapter in order to show the levels of responsibility in your company.
And also, you should keep in mind that all the information about your goals, aims, and tools to work on your project has to be clear for any single person that is going to read your business plan. But with PandaDoc tips PandaDoc, you will be able to see all the nuances and fill in your sample.
When To Use a Simple Business Plan Template?
A simple business plan template is ideal for startups or small business owners who just consider starting their path. Individual entrepreneurs can benefit from it too, as it’s a great way to put all the aspects of the job together and spot a range of opportunities to improve.
Having a template for a business plan lets you focus on the main aspects of your business operation, making it full and detailed for your investors. And PandaDoc will help a lot with this task, while such features as eSignature will help with making this small business plan template a real and verified source of the information.
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The 7 Best Business Plan Examples (2024)
As an aspiring entrepreneur gearing up to start your own business , you likely know the importance of drafting a business plan. However, you might not be entirely sure where to begin or what specific details to include. That’s where examining business plan examples can be beneficial. Sample business plans serve as real-world templates to help you craft your own plan with confidence. They also provide insight into the key sections that make up a business plan, as well as demonstrate how to structure and present your ideas effectively.
Example business plan
To understand how to write a business plan, let’s study an example structured using a seven-part template. Here’s a quick overview of those parts:
- Executive summary: A quick overview of your business and the contents of your business plan.
- Company description: More info about your company, its goals and mission, and why you started it in the first place.
- Market analysis: Research about the market and industry your business will operate in, including a competitive analysis about the companies you’ll be up against.
- Products and services: A detailed description of what you’ll be selling to your customers.
- Marketing plan: A strategic outline of how you plan to market and promote your business before, during, and after your company launches into the market.
- Logistics and operations plan: An explanation of the systems, processes, and tools that are needed to run your business in the background.
- Financial plan: A map of your short-term (and even long-term) financial goals and the costs to run the business. If you’re looking for funding, this is the place to discuss your request and needs.
7 business plan examples (section by section)
In this section, you’ll find hypothetical and real-world examples of each aspect of a business plan to show you how the whole thing comes together.
- Executive summary
Your executive summary offers a high-level overview of the rest of your business plan. You’ll want to include a brief description of your company, market research, competitor analysis, and financial information.
In this free business plan template, the executive summary is three paragraphs and occupies nearly half the page:
- Company description
You might go more in-depth with your company description and include the following sections:
- Nature of the business. Mention the general category of business you fall under. Are you a manufacturer, wholesaler, or retailer of your products?
- Background information. Talk about your past experiences and skills, and how you’ve combined them to fill in the market.
- Business structure. This section outlines how you registered your company —as a corporation, sole proprietorship, LLC, or other business type.
- Industry. Which business sector do you operate in? The answer might be technology, merchandising, or another industry.
- Team. Whether you’re the sole full-time employee of your business or you have contractors to support your daily workflow, this is your chance to put them under the spotlight.
You can also repurpose your company description elsewhere, like on your About page, Instagram page, or other properties that ask for a boilerplate description of your business. Hair extensions brand Luxy Hair has a blurb on it’s About page that could easily be repurposed as a company description for its business plan.
- Market analysis
Market analysis comprises research on product supply and demand, your target market, the competitive landscape, and industry trends. You might do a SWOT analysis to learn where you stand and identify market gaps that you could exploit to establish your footing. Here’s an example of a SWOT analysis for a hypothetical ecommerce business:
You’ll also want to run a competitive analysis as part of the market analysis component of your business plan. This will show you who you’re up against and give you ideas on how to gain an edge over the competition.
- Products and services
This part of your business plan describes your product or service, how it will be priced, and the ways it will compete against similar offerings in the market. Don’t go into too much detail here—a few lines are enough to introduce your item to the reader.
- Marketing plan
Potential investors will want to know how you’ll get the word out about your business. So it’s essential to build a marketing plan that highlights the promotion and customer acquisition strategies you’re planning to adopt.
Most marketing plans focus on the four Ps: product, price, place, and promotion. However, it’s easier when you break it down by the different marketing channels . Mention how you intend to promote your business using blogs, email, social media, and word-of-mouth marketing.
Here’s an example of a hypothetical marketing plan for a real estate website:
Logistics and operations
This section of your business plan provides information about your production, facilities, equipment, shipping and fulfillment, and inventory.
Financial plan
The financial plan (a.k.a. financial statement) offers a breakdown of your sales, revenue, expenses, profit, and other financial metrics. You’ll want to include all the numbers and concrete data to project your current and projected financial state.
In this business plan example, the financial statement for ecommerce brand Nature’s Candy includes forecasted revenue, expenses, and net profit in graphs.
It then goes deeper into the financials, citing:
- Funding needs
- Project cash-flow statement
- Project profit-and-loss statement
- Projected balance sheet
You can use Shopify’s financial plan template to create your own income statement, cash-flow statement, and balance sheet.
Types of business plans (and what to write for each)
A one-page business plan is a pared down version of a standard business plan that’s easy for potential investors and partners to understand. You’ll want to include all of these sections, but make sure they’re abbreviated and summarized:
- Logistics and operations plan
- Financials
A startup business plan is meant to secure outside funding for a new business. Typically, there’s a big focus on the financials, as well as other sections that help determine the viability of your business idea—market analysis, for example. Shopify has a great business plan template for startups that include all the below points:
- Market research: in depth
- Financials: in depth
Your internal business plan acts as the enforcer of your company’s vision. It reminds your team of the long-term objective and keeps them strategically aligned toward the same goal. Be sure to include:
- Market research
Feasibility
A feasibility business plan is essentially a feasibility study that helps you evaluate whether your product or idea is worthy of a full business plan. Include the following sections:
A strategic (or growth) business plan lays out your long-term vision and goals. This means your predictions stretch further into the future, and you aim for greater growth and revenue. While crafting this document, you use all the parts of a usual business plan but add more to each one:
- Products and services: for launch and expansion
- Market analysis: detailed analysis
- Marketing plan: detailed strategy
- Logistics and operations plan: detailed plan
- Financials: detailed projections
Free business plan templates
Now that you’re familiar with what’s included and how to format a business plan, let’s go over a few templates you can fill out or draw inspiration from.
Bplans’ free business plan template
Bplans’ free business plan template focuses a lot on the financial side of running a business. It has many pages just for your financial plan and statements. Once you fill it out, you’ll see exactly where your business stands financially and what you need to do to keep it on track or make it better.
PandaDoc’s free business plan template
PandaDoc’s free business plan template is detailed and guides you through every section, so you don’t have to figure everything out on your own. Filling it out, you’ll grasp the ins and outs of your business and how each part fits together. It’s also handy because it connects to PandaDoc’s e-signature for easy signing, ideal for businesses with partners or a board.
Miro’s Business Model Canvas Template
Miro’s Business Model Canvas Template helps you map out the essentials of your business, like partnerships, core activities, and what makes you different. It’s a collaborative tool for you and your team to learn how everything in your business is linked.
Better business planning equals better business outcomes
Building a business plan is key to establishing a clear direction and strategy for your venture. With a solid plan in hand, you’ll know what steps to take for achieving each of your business goals. Kickstart your business planning and set yourself up for success with a defined roadmap—utilizing the sample business plans above to inform your approach.
Business plan FAQ
What are the 3 main points of a business plan.
- Concept. Explain what your business does and the main idea behind it. This is where you tell people what you plan to achieve with your business.
- Contents. Explain what you’re selling or offering. Point out who you’re selling to and who else is selling something similar. This part concerns your products or services, who will buy them, and who you’re up against.
- Cash flow. Explain how money will move in and out of your business. Discuss the money you need to start and keep the business going, the costs of running your business, and how much money you expect to make.
How do I write a simple business plan?
To create a simple business plan, start with an executive summary that details your business vision and objectives. Follow this with a concise description of your company’s structure, your market analysis, and information about your products or services. Conclude your plan with financial projections that outline your expected revenue, expenses, and profitability.
What is the best format to write a business plan?
The optimal format for a business plan arranges your plan in a clear and structured way, helping potential investors get a quick grasp of what your business is about and what you aim to achieve. Always start with a summary of your plan and finish with the financial details or any extra information at the end.
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How to Write a Business Proposal
Briana Morgaine
8 min. read
Updated March 18, 2024
A business proposal can make or break your chances of securing a new client. Write a great one, and you’ll likely snag their business.
Write a poor one, and you might lose out—even if you’re offering the best service out there. So, how do you write a business proposal? What is the proper format? What do you need to include?
While it all depends on your industry, and whether or not you’re offering a product or service, writing a business proposal is pretty straightforward. We’ll answer all those questions and more throughout the course of this guide.
- What to expect with this business proposal guide
Whether you’re starting fresh or need to look at a specific section, here’s what we’ll be covering in this guide.
- What a business proposal is
- The differences between a business proposal and a business plan
- The format of a business proposal
- How long to make your business proposal
- How to write a business proposal
You can download a free business proposal template here to start writing up your own proposal as you work through this article. By the end, you’ll be prepared to develop a well-written business proposal that can explain your business clearly and win more clients. Let’s get started.
- What is a business proposal?
A business proposal is a document you’d send to a prospective client, outlining the service you’re offering, and explaining why you’re the best person for the job.
It’s a pitch by a business or individual to complete a specific job or project, to supply a service, or, in some instances, to be the vendor of a certain product.
What are the different types of business proposals?
A business proposal can be either solicited or unsolicited. With a solicited proposal, the prospective client will put out a request for proposals; with an unsolicited business proposal, you are approaching a client in hopes of attracting their business, even though they did not explicitly request a proposal.
While both are commonplace, a solicited proposal is an easier sell, as your prospective client has already decided that they want to make a purchase or use a service, and they’re evaluating possible vendors or businesses.
With a solicited proposal, your prospective client might have issued an RFP, or “request for proposal.” This is exactly what it sounds like—they want you to send over a business proposal so they can take a look at it.
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- Differences between a business proposal and a business plan
A business proposal is not the same as a business plan . This is the most common misconception, but while there are areas of overlap (like your executive summary ) the two are different.
That being said, you can certainly pull information from your business plan while writing your business proposal—in fact, that’s a great way to start.
But don’t confuse the two; they are distinct and separate. In short, a business plan represents the cohesive strategy of how your business operates and makes money. A business proposal is an official pitch to clients selling your products or services.
A business proposal outlines a particular product or service offered by an established business to a prospective client.
You’re trying to sell your prospective client on your product or service, not on your business itself. You’re not after funding, as you are with a business plan, you’re trying to make a sale.
A business proposal is also not an estimate; although you’ll likely touch on costs and pricing in your business proposal, an estimate is much more informal and just a quick look at the costs, not the whole picture.
- What goes into a business proposal?
Your business proposal should address the three Ps:
- Problem statement: What your customer’s current problem is
- Proposed solution: How your business solves that problem better than other solutions
- Pricing: How much that solution costs compared to alternatives
If you’re stuck on how to start, maybe try brainstorming first; start with these three points, and you’ll have a rough, bare-bones version of your business proposal.
Once you’ve done that if you’re ready to go more in-depth, here is a step-by-step look at how to format your business proposal.
Your business proposal should start with a title page, which should include your name, the name of your company, the name of the person to whom you’re submitting your proposal, and the date submitted.
Table of contents
Depending on how long your business proposal is, a table of contents is a nice touch. Include it after your title page, and before you launch into any details. If you’re delivering it as a PDF, including anchor links down to each section, so it’s easy to get to specific areas.
Executive summary
Introduce your proposal with a great executive summary, one that really sells your business and the products or services you provide—it’s about why you’re the right company for the job. You can draw from your business plan’s executive summary here, too.
Statement of problem, issue, or job at hand
Following your executive summary, go on to discuss the problem that the client is currently facing. Think of “problem” or “issue” loosely; after all, their main problem may just be finding the right person to complete their project. But be sure you understand why they want the product or service they’re seeking. If the proposal is for developing a brand new website, make sure you understand what they want to get out of the site—better sales, more content management flexibility.
This is the place to show your new client that you understand their needs , and fully grasp the issue they are trying to solve. Take this opportunity to restate the issue they are facing in your own words so that they know you understand what they are looking for.
Approach and methodology
This section shows how you plan to tackle your potential client’s problem, and the steps you’ll take to carry out your plan.
This is where you’ll get into the nitty-gritty of how you actually plan to fulfill your client’s needs. While earlier sections might have been a bit surface-level, this section of the business proposal is where you’ll go into detail about what steps you’ll take to solve their problem.
Be careful of going into too much detail, though—keep the jargon to a minimum. Your client should be able to follow along and get a clear sense of your plan, but you don’t want to drown them in minutiae.
Qualifications
Go ahead, brag a little—this is the section of your business proposal where you get to convince your potential client why you are the most qualified person to take on the job.
You can mention any relevant education, industry-specific training, or certifications you have, your past successful projects of a similar nature, years of experience, and so on.
Schedule and benchmarks
Be clear with your potential client: How long will your proposed project take?
Making sure you and your prospective client are on the same page from the outset will help make sure that the relationship stays positive for both of you, and that you don’t set your client up with unrealistic expectations.
While you might be tempted to underestimate how long it will take you to complete the project, don’t. Don’t promise what you can’t deliver!
If you’re offering a product, this section might not be applicable to you, so feel free to omit it. The business proposal format is flexible, so tailor it to suit your business and industry.
Cost, payment, and any legal matters
Here is where you get down to brass tacks and state the cost, and payment schedule if necessary.
How you structure this section will largely depend on the particular project or service you are offering. A section entitled “Fee Summary” may be sufficient if one-time payment is required; otherwise, a “Fee Schedule” list or pricing table might be more appropriate. Always refer back to the client’s RFP whenever possible, to make sure you’re supplying them with all the information they need to help make their decision.
If there are any legal issues to attend to, such as permits or licensing, include this information here. Feel free to add a section entirely devoted to handling the legal side of the project if need be.
This is your final sell—don’t be afraid to detail for your prospective client all they have to gain by choosing you to complete the project.
Impress upon your clients why you are the best choice, and all the ways in which their business will benefit from choosing you and your business as their solution.
- How long should a business proposal be?
When it comes to the format of a business proposal, this is the million-dollar question without an answer. Remember in school, when you’d ask your teacher how long an essay should be, and they’d reply, “as long as it takes to answer the question.”
The same applies to your business proposal. It ultimately depends on your industry, the scope of the project, and the client’s specifications in terms of detail and elements included.
That being said, the tighter your initial proposal can be and the more directly you can make your point, the easier it will be to pitch it to clients. Start by following the business proposal format above as a guide, and you’ll be well on your way to creating a winning business proposal—and securing new clients.
Bri Morgaine is a seasoned content marketing leader with a decade of experience in copy editing, social media operations, and content strategy— having honed her skills at industry giants like Palo Alto Software and Andreessen Horowitz.
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Blog Business 15+ Best Business Plan Examples for Entrepreneurs & Startups
15+ Best Business Plan Examples for Entrepreneurs & Startups
Written by: Jennifer Gaskin Jun 09, 2021
Not having a solid plan makes it unlikely for you to achieve the goals you seek, whether it’s getting your to-do list done or launching a successful organization.
In the early stages of a company, that means developing things like pitch decks, business plans, one-sheeters and more. With Venngage’s Business Plan Builder , you can easily organize your business plan into a visually appealing format that can help you win over investors, lenders or partners.
Learn more about how to create a business plan so you can hit the ground running after reading through this list for inspirational business plan templates .
15+ Best business plan examples for entrepreneurs and startups
Simple business plan example, startup business plan example, small business plan example, nonprofit business plan example, strategic business plan example, market analysis business plan example, sales business plan example, organization and management business plan example, marketing and sales strategy business plan example, apple business plan example, airbnb business plan example, sequoia capital business plan example.
While your business plan should be supported by thorough and exhaustive research into your market and competitors, the resulting document does not have to be overwhelming for the reader. In fact, if you can boil your business plan down to a few key pages, all the better.
Simple business plan outline:
- Table of contents : List all sections and sub-sections within the business plan.
- Business review : Include an overview of the business’s purpose, history, and key objectives.
- The market : Analyze the target market, including customer demographics and market needs.
- The competition : Evaluate the main competitors and their strengths and weaknesses in the market.
The simple, bold visual aesthetic of this business plan template pairs well with the straightforward approach to the content and various elements of the business plan itself.
Use Venngage’s My Brand Kit to automatically add your brand colors and fonts to your business plan with just a few clicks.
An essential startup business plan should include a clear and compelling value proposition, market analysis, competitive analysis, target audience identification, financial projections, and a well-defined marketing and operational strategy.
For a typical startup, the need to appear disruptive in the industry is important. After all, if you’re not offering anything truly new, why would an investor turn their attention toward your organization. That means establishing a problem and the ways in which you solve it right away.
Startup business plan outline:
- The problem : Identify the specific issue or pain point your startup aims to solve.
- Target market & opportunity : Define your customers and the potential market size.
- The solution : Describe the product or service that addresses the identified problem.
- Traction and validation/roadmap : Outline the progress made so far and the future milestones and goals.
Whether it’s a full-scale business plan or, in this case, a pitch deck, the ideal way for a startup to make a splash with its plans is to be bold. This successful business plan example is memorable and aspirational.
In the Venngage editor, you can upload images of your business. Add these images to your plans and reports to make them uniquely your own.
All businesses start out small at first, but that doesn’t mean their communications have to be small. One of the best ways to get investors, lenders and talent on board is to show that you’ve done your due diligence.
Small business plan outline:
- Table of contents : List down of all the sections and sub-sections in the business plan.
- Business overview : Include a quick overview of what your business is all about, including your mission and goals.
- The market : Analyzes who your customers are, what they need, and how big the market is.
- The competition : Look into your main competitors and what they’re good at (and not so good at).
- Sales and marketing plan : Lay out your game plan for attracting and keeping customers.
- Operating plan : Explain how you’ll run the day-to-day operations and manage the business.
In this small business plan example, the content is spread over many pages, which is useful in making lengthy, in-depth research feel less like a chore than packing everyone on as few pages as possible.
Organizations that set out to solve problems rather than earning profits also benefit from creating compelling business plans that stir an emotional response in potential donors, benefactors, potential staff members or even media.
Nonprofit business plan outline:
- Table of contents : Lists all sections and sub-sections of your nonprofit business plan.
- Introduction : Provide an overview of your mission and purpose.
- Goal : State the specific objectives your nonprofit organization aims to achieve.
- Impact & strategy : Explain how you plan to create positive change and the methods you will use.
Simplicity is the goal for nonprofits when it comes to business plans, particularly in their early days. Explain the crisis at hand and exactly how your organization will make a difference, which will help donors visualize how their money will be used to help.
Business plans are also helpful for companies that have been around for a while. Whether they’re considering new products to launch or looking for new opportunities, companies can approach business plans from the strategy side of the equation as well.
Strategic business plan outline:
- The problem, issue, or job at hand : Define the specific challenge or task the strategic plan addresses.
- Approach & methodology : Describe the methods and strategies that will be used to tackle the problem or achieve the objective.
Strategic business plans or strategy infographics should be highly focused on a single area or problem to be solved rather than taking a holistic approach to the entire business. Expanding scope too much can make a strategy seem too difficult to implement.
Easily share your business plan with Venngage’s multiple download options, including PNG, PNG HD, and as an interactive PDF.
One-page business plan example
For organizations with a simple business model, often a one-page business plan is all that’s needed. This is possible in any industry, but the most common are traditional ones like retail, where few complex concepts need to be explained.
This one-page strategic business plan example could be easily replicated for an organization that offers goods or services across multiple channels or one with three core business areas. It’s a good business plan example for companies whose plans can be easily boiled down to a few bullet points per area.
Especially when entering a saturated market, understanding the landscape and players is crucial to understanding how your organization can fit it—and stand out. That’s why centering your business plan around a market analysis is often a good idea.
Market analysis business plan outline:
- Table of contents : Lists all sections and sub-sections of the market analysis business plan.
- Executive summary : Provide a brief overview of the key points of the market analysis.
- Business overview : Summarize your business’s mission, vision and core activities.
- The market : Analyze the target market, including customer demographics and market trends.
- The competition : Review the main competitors and their market positioning.
- Sales & marketing plan : Outline strategies for reaching and engaging customers.
- Operating plan : Details the day-to-day operations and management structure.
In this example, the majority of the content and about half the pages are focused on the market analysis, including competitors, trends, pricing, demographics and more. This successful business plan example ensures the artwork and style used perfectly matches the company’s aesthetic, which further reinforces its position in the market.
You can find more memorable business plan templates to customize in the Venngage editor. Browse Venngage’s business plan templates to find plans that work for you and start editing.
Company description business plan example
Depending on the market, focusing on your company story and what makes you different can drive your narrative home with potential investors. By focusing your business plan on a company description, you center yourself and your organization in the minds of your audience.
Company description business plan outline:
- Executive summary : Briefly summarize the key components and objectives of the company description section.
- Approach & direction : Outline the company’s strategy, goals and the direction it intends to take in achieving them.
This abbreviated plan is a good business plan example. It uses most of the content to tell the organization’s story. In addition to background about the company, potential investors or clients can see how this design firm’s process is different from their rivals.
With Venngage Business , you can collaborate with team members in real-time to create a business plan that will be effective when presenting to investors.
Five-year business plan example
For most startups or young companies, showing potential investors or partners exactly how and when the company will become profitable is a key aspect of presenting a business plan. Whether it’s woven into a larger presentation or stands alone, you should be sure to include your five-year business plan so investors know you’re looking far beyond the present.
With Venngage’s Business Plan Builder , you can customize a schedule like this to quickly illustrate for investors or partners what your revenue targets are for the first three to five years your company is in operation.
The lifeblood of any company is the sales team. These are the energetic folks who bring in new business, develop leads and turn prospects into customers. Focusing your energy on creating a sales business plan would prove to investors that you understand what will make your company money.
Sales business plan outline:
- Table of contents : List all sections and subsections within the sales business plan.
- Target market : Identify the specific segment or segments of customers the sales efforts will focus on.
- Customer profile : Provide detailed descriptions of the ideal customers, including demographics, preferences and needs.
- Action plan : Outline the specific steps and strategies to be taken to reach and engage the target market and achieve sales objectives.
In this example sales business plan, several facets of ideal buyers are detailed. These include a perfect customer profile that helps to convey to your audience that customer relationships will be at the heart of your operation.
You can include business infographics in your plan to visualize your goals. And with Venngage’s gallery of images and icons, you can customize the template to better reflect your business ethos.
Company mergers and shakeups are also major reasons for organizations to require strong business planning. Creating new departments, deciding which staff to retain and charting a course forward can be even more complex than starting a business from scratch.
Organization and management business plan outline:
- Table of contents : List all sections and subsections within the organization and management business plan.
- About us : Provide an overview of the organization, its mission, vision and values.
- Project summary : Summarize the key details and objectives of the project.
- Project timeline : Outline the milestones and schedule for completing the project.
This organization and management business plan focuses on how the company can optimize operations through a few key organizational projects.
Executive summary for business plan example
Executive summaries give your business plan a strong human touch, and they set the tone for what’s to follow. That could mean having your executive leadership team write a personal note or singling out some huge achievements of which you’re particularly proud in a business plan infographic .
Executive summary business plan outline:
- Table of contents : Lists all sections and subsections within the executive summary business plan.
- Executive summary : Provide a concise overview of the entire business plan, highlighting key points and objectives.
- Statement of problem : Clearly define the specific issue or challenge the business aims to address.
- Approach & methodology : Outline the methods and strategies that will be employed to solve the stated problem or achieve the desired goals.
In this executive summary for a business plan, a brief note is accompanied by a few notable achievements that signal the organization and leadership team’s authority in the industry.
Marketing and sales are two sides of the same coin, and clever companies know how they play off each other. That’s why centering your business plan around your marketing and sales strategy can pay dividends when it comes time to find investors and potential partners.
Marketing and sales strategy business plan outline:
- Table of contents : List all sections and subsections within the marketing and sales strategy business plan.
- Positioning : Describe how the business intends to position its products or services in the market to stand out from competitors.
- Value prop : Highlight the unique value proposition that the business offers to its target customers, including its benefits and advantages.
- Marketing strategy : Outline the overall approach and tactics that will be used to promote the products or services and attract customers.
This marketing and sales business plan example is the picture of a sleek, modern aesthetic, which is appropriate across many industries and will speak volumes to numbers-obsesses sales and marketing leaders.
Do business plans really help? Well, here’s some math for you; in 1981, Apple had just gone public and was in the midst of marketing an absolute flop , the Apple III computer. The company’s market cap, or total estimated market value, could hit $3 trillion this year.
Did this Apple business plan make the difference? No, it’s not possible to attribute the success of Apple entirely to this business plan from July 1981, but this ancient artifact goes to show that even the most groundbreaking companies need to take an honest stock of their situation.
Apple’s 1981 business plan example pdf covers everything from the market landscape for computing to the products that founder Steve Jobs expects to roll out over the next few years, and the advanced analysis contained in the document shows how strategic Jobs and other Apple executives were in those early days.
Inviting strangers to stay in your house for the weekend seemed like a crazy concept before Airbnb became one of the world’s biggest companies. Like all disruptive startups, Airbnb had to create a robust, active system from nothing.
Airbnb business plan outline:
- Problem : Identify the specific challenge or need in the accommodation industry that the Airbnb business aims to address.
- Solution : Describe how Airbnb’s platform provides a solution to the identified problem by connecting hosts with guests.
- Market validation : Demonstrate through research or evidence that there is demand for Airbnb’s services.
- Market size : Estimate the total addressable market for Airbnb’s accommodation services.
- Product : Detail the features and functionalities of the Airbnb platform for both hosts and guests.
- Business model : Explain how Airbnb generates revenue and sustains its operations.
- Market adoption : Discuss the rate at which Airbnb’s services are being embraced by hosts and guests.
- Competition : Identify other players in the accommodation industry offering similar services to Airbnb.
- Competitive advantages : Highlight the unique strengths or advantages that set Airbnb apart from its competitors.
As this Airbnb business plan pitch deck example shows, for companies that are introducing entirely new concepts, it’s helpful not to get too into the weeds. Explain the problem simply and boil down the essence of your solution into a few words; in this case, “A web platform where users can rent out their space” perfectly sums up this popular company.
Sequoia Capital is one of the most successful venture capital firms in the world, backing startups that now have a combined stock market value of more than $1 trillion, according to a Forbes analysis .
For young companies and startups that want to play in the big leagues, tailoring your pitch to something that would appeal to a company like Sequoia Capital is a good idea. That’s why the company has a standard business plan format it recommends .
Sequoia capital business plan outline:
- Company purpose : Clarify the core reason for the business and its overarching goals.
- Problems : Identify specific challenges or pain points that the business aims to solve.
- Solution : Describe how the business addresses the identified problems with its products or services.
- Market potential : Assess the size and growth opportunities within the target market for the business.
- Competition : Analyze existing competitors and their strengths and weaknesses in the market.
- Business model : Outline how the business plans to generate revenue and sustain its operations.
- Our team : Introduce the key members of the team and their relevant expertise and experience.
- Financials : Provide projections and forecasts for the financial performance of the business.
- Vision : Articulate the long-term aspirations and goals that the business seeks to achieve.
Using Sequoia Capital’s business plan example means being simple and clear with your content, like the above deck. Note how no slide contains much copy, and even when all slides appear on the screen at once, the text is legible.
Use Venngage to design business plans that will impress investors
Not every business plan, pitch deck or one-sheeter will net you billions in investment dollars, but every entrepreneur should be adept at crafting impressive, authoritative and informative business plans.
Whether you use one of the inspirational templates shared here or you want to go old school and mimic Apple’s 1981 business plan, using Venngage’s Business Plan Builder helps you bring your company’s vision to life.
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Free Startup Business Plan Templates and Examples
By Joe Weller | May 6, 2020
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In this article, we’ve rounded up a variety of the top, professionally designed startup business plan templates, all of which are free to download in PDF, Word, and Excel formats.
Included on this page, you’ll find a one-page startup business plan template , a business plan outline template for startups , a startup business planning template with a timeline , and a sample startup business plan .
Startup Business Plan Template
Download Startup Business Plan Template - Word
Word | Smartsheet
This startup business plan template contains the essential components you need to convey your business idea and strategy to investors and stakeholders, but you can customize this template to fit your needs. The template provides room to include an executive summary, a financial overview, a marketing strategy, details on product or service offerings, and more.
One-Page Startup Business Plan Template
Download One-Page Startup Business Plan Template
Excel | Word | PDF
This one-page business plan is ideal for startup companies that want to document and organize key business concepts. The template offers an easy-to-scan layout that’s ideal for investors and stakeholders. Use this plan to create a high-level view of your business idea and as a reference as you flesh out a more detailed roadmap for your business.
For additional resources, visit " Free One-Page Business Plan Templates with a Quick How-To Guide ."
Simple Fill-In-the-Blank Business Plan Template for Startups
Download Simple Fill-in-the-Blank Business Plan Template for Startups
This comprehensive fill-in-the-blank business plan template is designed to guide entrepreneurs through the process of building a startup business plan. This template comes with a customizable cover page and table of contents, and each section includes sample content that you can modify to fit the needs of your business. For more fill-in business templates, read our "Free Fill-In-the-Blank Business Plan Templates" article.
Lean Business Plan Template for Startups
Download Lean Business Plan Template for Startups
This Lean business plan template takes a traditional business plan outline and extracts the most essential elements. Use this template to outline your company and industry overview, convey the problem you are solving, identify customer segments, highlight key performance metrics, and list a timeline of key activities.
Business Plan Outline Template for Startups
Download Business Plan Outline Template for Startups
You can use this business plan outline as a basis to create your own business plan. This template contains all the elements of a traditional business plan, including a title page, a table of contents, and information on what to include in each section. Simplify or expand this outline based on the size and needs of your startup business.
Startup Business Planning Template with Timeline
Download Startup Business Planning Template with Timeline
Excel | Smartsheet
As you create your business plan, this business planning template doubles as a schedule and timeline to track the progress of key activities. This template enables you to break down your plan into phases and provides space to include key tasks and dates for each task. For a visual timeline, shade in the cells according to each task’s start and end dates. The timeline ensures that your plan stays on track.
Business Plan Rubric Template for Startups
Download Business Plan Rubric Template for Startups
Excel | Word | PDF | Smartsheet
If you’re starting a business and want to keep all your ducks in a row, use this rubric to evaluate and score each aspect of your startup business plan. You can tailor this template to the needs of your specific business, and can also highlight areas of your plan that require improvement or expansion. Use this template as a tool to make sure your plan is clear, articulate, and organized. A sharp, insightful, well thought-out plan will definitely get the attention of potential investors and partners.
For additional resources to help support your business planning efforts, check out “Free Startup Plan, Budget, and Cost Templates.”
What’s the Best Business Plan Template for Startups?
The template you choose for your startup business depends on a number of factors, including the size and specific needs of your company. Moreover, as your business grows and your objectives change, you will need to adjust your plan (and possibly your choice of template) accordingly.
Some entrepreneurs find it useful to use a Lean business plan template design in order to jot down a business concept and see if it’s feasible before pursuing it further. Typically one to three pages, a Lean business plan template encourages you to highlight core ideas and strategic activities and remain focused on key points.
Other entrepreneurs prefer a template with a more traditional business plan design, which allows you to go into greater detail and ensure you include every detail. A traditional plan can range from 10 to 100 pages and cover both the high-level and granular particulars of your overall concept, objectives, and strategy.
There is no one-size-fits-all solution, but the following section outlines the minimum that your business plan template should include in order to gain buy-in from potential investors.
What to Include in a Startup Business Plan
Whether you choose to use a template to develop your startup business plan or decide to write one from scratch, you need to include the following elements:
- An overview of your company and the industry in which it operates
- The problem you are solving and the proposed solution
- A description of your product or service offerings, including key features
- The existing alternatives that customers use and your competitive advantage
- The target customer segments and the channels you will use to reach them
- The cost structure and revenue streams associated with your business
- A financial plan, including sales and revenue projections (ideally 3-5 years)
- If applicable, the financial requirements to get your business running, including how you will source and allocate funds
Each of the following sections provides an example of a business plan that you can use for reference as you develop your own.
One-Page Lean Business Plan Example
This Lean business plan example displays a visually appealing and scannable one-page illustration of a business plan. It conveys the key strategies you need to meet your main objectives. Each element of this concise plan provides stakeholders and potential investors with links to resources that support and expand upon the plan’s details, and it can also serve as an investor pitch deck.
Startup Business Plan Sample
This business plan sample contains all the aspects of a standard business plan. Using a fictional food truck business as the basis for a startup business plan, this sample will give you all the ideas you need to make your plan outstanding.
Download Startup Business Plan Sample - PDF
When the time comes that you need more space to lay out your goals and strategies, choose from our variety of free simple business plan templates . You can learn how to write a successful simple business plan here .
Visit this free non-profit business plan template roundup or of you are looking for a business plan template by file type, visit our pages dedicated specifically to Microsoft Excel , Microsoft Word , and Adobe PDF business plan templates. Read our articles offering free 30-60-90-day business plan templates to find more tailored options.
Top 10 Tips to Create a Startup Business Plan
Putting together a business plan can be overwhelming and time consuming, especially if you aren’t sure where to begin. Below, we share tips you can use to help simplify the process of developing a startup business plan of your own.
- Use a business plan template, or begin with a business plan outline that provides all the elements of a standard plan to get your ideas down on paper in a structured manner. (You can choose from the selection of templates above.)
- Remove sections from your outline that aren’t relevant or that aren’t necessary to launch and operate your business.
- Compile the data you have gathered on your business and industry, including research on your target market and product or service offerings, details on the competitive landscape, and a financial plan that anticipates the next three to five years. Use that information to fill in the sections of your plan outline.
- Get input and feedback from team members (e.g., finance, marketing, sales) and subject matter experts to ensure that the information you’ve included in the plan is accurate.
- Make certain that the objectives of your plan align with marketing, sales, and financial goals to ensure that all team members are moving in the same direction.
- Although this section of the plan comes first, write the executive summary last to provide an overview of the key points in your business plan.
- Prepare a pitch deck for potential clients, partners, or investors with whom you plan to meet in order to share vital information about your business, including what sets you apart and the direction you are headed.
- Who are the founders and management executives, and what relevant experience do they bring to the table?
- What is the problem you are solving, and how is your solution better than what currently exists?
- What’s the size of the market, and how much market share do you plan to capture?
- What are the trends in your market, and how are you applying them to your business?
- Who are your direct competitors, and what is your competitive advantage?
- What are the key features of your product or service that set it apart from alternative offerings, and what features do you plan to add in the future?
- What are the potential risks associated with your business, and how do you plan to address them?
- How much money do you need to get your business running, and how do you plan to source it?
- With the money you source, how do you plan to use it to scale your business?
- What are the key performance metrics associated with your business, and how will you know when you’re successful?
- Revisit and modify your plan on a regular basis as your goals and strategies evolve.
- Use a work collaboration tool that keeps key information across teams in one place, allows you to track plan progress, and captures updates in real time.
Successfully Implement Your Startup Business Plan with Real-Time Work Management in Smartsheet
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When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time. Try Smartsheet for free, today.
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Simple Business Plan Template (2024)
Updated: May 4, 2024, 4:37pm
Table of Contents
Why business plans are vital, get your free simple business plan template, how to write an effective business plan in 6 steps, frequently asked questions.
While taking many forms and serving many purposes, they all have one thing in common: business plans help you establish your goals and define the means for achieving them. Our simple business plan template covers everything you need to consider when launching a side gig, solo operation or small business. By following this step-by-step process, you might even uncover a few alternate routes to success.
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Whether you’re a first-time solopreneur or a seasoned business owner, the planning process challenges you to examine the costs and tasks involved in bringing a product or service to market. The process can also help you spot new income opportunities and hone in on the most profitable business models.
Though vital, business planning doesn’t have to be a chore. Business plans for lean startups and solopreneurs can simply outline the business concept, sales proposition, target customers and sketch out a plan of action to bring the product or service to market. However, if you’re seeking startup funding or partnership opportunities, you’ll need a write a business plan that details market research, operating costs and revenue forecasting. Whichever startup category you fall into, if you’re at square one, our simple business plan template will point you down the right path.
Copy our free simple business plan template so you can fill in the blanks as we explore each element of your business plan. Need help getting your ideas flowing? You’ll also find several startup scenario examples below.
Download free template as .docx
Whether you need a quick-launch overview or an in-depth plan for investors, any business plan should cover the six key elements outlined in our free template and explained below. The main difference in starting a small business versus an investor-funded business is the market research and operational and financial details needed to support the concept.
1. Your Mission or Vision
Start by declaring a “dream statement” for your business. You can call this your executive summary, vision statement or mission. Whatever the name, the first part of your business plan summarizes your idea by answering five questions. Keep it brief, such as an elevator pitch. You’ll expand these answers in the following sections of the simple business plan template.
- What does your business do? Are you selling products, services, information or a combination?
- Where does this happen? Will you conduct business online, in-store, via mobile means or in a specific location or environment?
- Who does your business benefit? Who is your target market and ideal customer for your concept?
- Why would potential customers care? What would make your ideal customers take notice of your business?
- How do your products and/or services outshine the competition? What would make your ideal customers choose you over a competitor?
These answers come easily if you have a solid concept for your business, but don’t worry if you get stuck. Use the rest of your plan template to brainstorm ideas and tactics. You’ll quickly find these answers and possibly new directions as you explore your ideas and options.
2. Offer and Value Proposition
This is where you detail your offer, such as selling products, providing services or both, and why anyone would care. That’s the value proposition. Specifically, you’ll expand on your answers to the first and fourth bullets from your mission/vision.
As you complete this section, you might find that exploring value propositions uncovers marketable business opportunities that you hadn’t yet considered. So spend some time brainstorming the possibilities in this section.
For example, a cottage baker startup specializing in gluten-free or keto-friendly products might be a value proposition that certain audiences care deeply about. Plus, you could expand on that value proposition by offering wedding and other special-occasion cakes that incorporate gluten-free, keto-friendly and traditional cake elements that all guests can enjoy.
3. Audience and Ideal Customer
Here is where you explore bullet point number three, who your business will benefit. Identifying your ideal customer and exploring a broader audience for your goods or services is essential in defining your sales and marketing strategies, plus it helps fine-tune what you offer.
There are many ways to research potential audiences, but a shortcut is to simply identify a problem that people have that your product or service can solve. If you start from the position of being a problem solver, it’s easy to define your audience and describe the wants and needs of your ideal customer for marketing efforts.
Using the cottage baker startup example, a problem people might have is finding fresh-baked gluten-free or keto-friendly sweets. Examining the wants and needs of these people might reveal a target audience that is health-conscious or possibly dealing with health issues and willing to spend more for hard-to-find items.
However, it’s essential to have a customer base that can support your business. You can be too specialized. For example, our baker startup can attract a broader audience and boost revenue by offering a wider selection of traditional baked goods alongside its gluten-free and keto-focused specialties.
4. Revenue Streams, Sales Channels and Marketing
Thanks to our internet-driven economy, startups have many revenue opportunities and can connect with target audiences through various channels. Revenue streams and sales channels also serve as marketing vehicles, so you can cover all three in this section.
Revenue Streams
Revenue streams are the many ways you can make money in your business. In your plan template, list how you’ll make money upon launch, plus include ideas for future expansion. The income possibilities just might surprise you.
For example, our cottage baker startup might consider these revenue streams:
- Product sales : Online, pop-up shops , wholesale and (future) in-store sales
- Affiliate income : Monetize blog and social media posts with affiliate links
- Advertising income : Reserve website space for advertising
- E-book sales : (future) Publish recipe e-books targeting gluten-free and keto-friendly dessert niches
- Video income : (future) Monetize a YouTube channel featuring how-to videos for the gluten-free and keto-friendly dessert niches
- Webinars and online classes : (future) Monetize coaching-style webinars and online classes covering specialty baking tips and techniques
- Members-only content : (future) Monetize a members-only section of the website for specialty content to complement webinars and online classes
- Franchise : (future) Monetize a specialty cottage bakery concept and sell to franchise entrepreneurs
Sales Channels
Sales channels put your revenue streams into action. This section also answers the “where will this happen” question in the second bullet of your vision.
The product sales channels for our cottage bakery example can include:
- Mobile point-of-sale (POS) : A mobile platform such as Shopify or Square POS for managing in-person sales at local farmers’ markets, fairs and festivals
- E-commerce platform : An online store such as Shopify, Square or WooCommerce for online retail sales and wholesale sales orders
- Social media channels : Facebook, Instagram and Pinterest shoppable posts and pins for online sales via social media channels
- Brick-and-mortar location : For in-store sales , once the business has grown to a point that it can support a physical location
Channels that support other income streams might include:
- Affiliate income : Blog section on the e-commerce website and affiliate partner accounts
- Advertising income : Reserved advertising spaces on the e-commerce website
- E-book sales : Amazon e-book sales via Amazon Kindle Direct Publishing
- Video income : YouTube channel with ad monetization
- Webinars and online classes : Online class and webinar platforms that support member accounts, recordings and playback
- Members-only content : Password-protected website content using membership apps such as MemberPress
Nowadays, the line between marketing and sales channels is blurred. Social media outlets, e-books, websites, blogs and videos serve as both marketing tools and income opportunities. Since most are free and those with advertising options are extremely economical, these are ideal marketing outlets for lean startups.
However, many businesses still find value in traditional advertising such as local radio, television, direct mail, newspapers and magazines. You can include these advertising costs in your simple business plan template to help build a marketing plan and budget.
5. Structure, Suppliers and Operations
This section of your simple business plan template explores how to structure and operate your business. Details include the type of business organization your startup will take, roles and responsibilities, supplier logistics and day-to-day operations. Also, include any certifications or permits needed to launch your enterprise in this section.
Our cottage baker example might use a structure and startup plan such as this:
- Business structure : Sole proprietorship with a “doing business as” (DBA) .
- Permits and certifications : County-issued food handling permit and state cottage food certification for home-based food production. Option, check into certified commercial kitchen rentals.
- Roles and responsibilities : Solopreneur, all roles and responsibilities with the owner.
- Supply chain : Bulk ingredients and food packaging via Sam’s Club, Costco, Amazon Prime with annual membership costs. Uline for shipping supplies; no membership needed.
- Day-to-day operations : Source ingredients and bake three days per week to fulfill local and online orders. Reserve time for specialty sales, wholesale partner orders and market events as needed. Ship online orders on alternating days. Update website and create marketing and affiliate blog posts on non-shipping days.
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6. Financial Forecasts
Your final task is to list forecasted business startup and ongoing costs and profit projections in your simple business plan template. Thanks to free business tools such as Square and free marketing on social media, lean startups can launch with few upfront costs. In many cases, cost of goods, shipping and packaging, business permits and printing for business cards are your only out-of-pocket expenses.
Cost Forecast
Our cottage baker’s forecasted lean startup costs might include:
Business Need | Startup Cost | Ongoing Cost | Source |
---|---|---|---|
Gross Profit Projections
This helps you determine the retail prices and sales volume required to keep your business running and, hopefully, earn income for yourself. Use product research to spot target retail prices for your goods, then subtract your cost of goods, such as hourly rate, raw goods and supplier costs. The total amount is your gross profit per item or service.
Here are some examples of projected gross profits for our cottage baker:
Product | Retail Price | (Cost) | Gross Profit |
---|---|---|---|
Bottom Line
Putting careful thought and detail in a business plan is always beneficial, but don’t get so bogged down in planning that you never hit the start button to launch your business . Also, remember that business plans aren’t set in stone. Markets, audiences and technologies change, and so will your goals and means of achieving them. Think of your business plan as a living document and regularly revisit, expand and restructure it as market opportunities and business growth demand.
Is there a template for a business plan?
You can copy our free business plan template and fill in the blanks or customize it in Google Docs, Microsoft Word or another word processing app. This free business plan template includes the six key elements that any entrepreneur needs to consider when launching a new business.
What does a simple business plan include?
A simple business plan is a one- to two-page overview covering six key elements that any budding entrepreneur needs to consider when launching a startup. These include your vision or mission, product or service offering, target audience, revenue streams and sales channels, structure and operations, and financial forecasts.
How can I create a free business plan template?
Start with our free business plan template that covers the six essential elements of a startup. Once downloaded, you can edit this document in Google Docs or another word processing app and add new sections or subsections to your plan template to meet your specific business plan needs.
What basic items should be included in a business plan?
When writing out a business plan, you want to make sure that you cover everything related to your concept for the business, an analysis of the industry―including potential customers and an overview of the market for your goods or services―how you plan to execute your vision for the business, how you plan to grow the business if it becomes successful and all financial data around the business, including current cash on hand, potential investors and budget plans for the next few years.
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Krista Fabregas is a seasoned eCommerce and online content pro sharing more than 20 years of hands-on know-how with those looking to launch and grow tech-forward businesses. Her expertise includes eCommerce startups and growth, SMB operations and logistics, website platforms, payment systems, side-gig and affiliate income, and multichannel marketing. Krista holds a bachelor's degree in English from The University of Texas at Austin and held senior positions at NASA, a Fortune 100 company, and several online startups.
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Below, you can see business proposal examples that demonstrate how to include these 10 sections. 1. Create a compelling business proposal title. A compelling title could mean the difference between someone reading your proposal or ignoring it in favor of a competitor's.
5. Marketing plan. It's always a good idea to develop a marketing plan before you launch your business. Your marketing plan shows how you'll get the word out about your business, and it's an essential component of your business plan as well. The Paw Print Post focuses on four Ps: price, product, promotion, and place.
Moreover, this template includes a dedicated customer testimonials page, a powerful tool to leverage satisfied past clients' voices to assure potential clients of your service's quality and reliability. 16. Finance Consultancy One Pager Business Proposal Example.
EB-5 Business Plan. Acquisition Business Plan. Private Placement Memorandum. L-1 Visa Business Plan. EB2-NIW Visa Business Plan. EB-5 Regional Center. Exit Business Plan. Franchise Business Plans. As an entrepreneur, effectively pitching your idea to attract investors and secure funding can be a challenge.
1. Startups. Startup business plans are for proposing new business ideas. If you're planning to start a small business, preparing a business plan is crucial. The plan should include all the major factors of your business. You can check out this guide for more detailed business plan inspiration. 2.
The business model canvas is a one-page template designed to demystify the business planning process. It removes the need for a traditional, copy-heavy business plan, in favor of a single-page outline that can help you and outside parties better explore your business idea. The structure ditches a linear format in favor of a cell-based template.
A business plan is a comprehensive document that outlines the overall vision, strategy and goals of your business. ... Creating a versatile business proposal template can be a great starting point ...
Tips on Writing a Business Plan. 1. Be clear and concise: Keep your language simple and straightforward. Avoid jargon and overly technical terms. A clear and concise business plan is easier for investors and stakeholders to understand and demonstrates your ability to communicate effectively. 2.
Consultant Business Plan Template . An example of a document outlining your strategy for launching or expanding your consulting firm is a Consultant Business Plan Template. The essential elements include a summary of the company, team, sector, rivals, target audience, and an operations and marketing strategy.
Common items to include are credit histories, resumes, product pictures, letters of reference, licenses, permits, patents, legal documents, and other contracts. Example traditional business plans. Before you write your business plan, read the following example business plans written by fictional business owners.
Products and services description. When writing a business plan, the produces and services section is where you describe exactly what you're selling, and how it solves a problem for your target market. The best way to organize this part of your plan is to start by describing the problem that exists for your customers.
Sample business plan format Following is the standard business plan format you must consider while drafting a comprehensive business plan. Executive Summary: A high-level overview of your business plan.; Company Overview: An in-depth and detailed description of your small business, its fundamental elements, and future goals.; Market Analysis: A detailed description of your industry with the ...
How to Write a Business Plan Step 1. Create a Cover Page. The first thing investors will see is the cover page for your business plan. Make sure it looks professional. A great cover page shows that you think about first impressions. A good business plan should have the following elements on a cover page:
Here's an example of what a business proposal template looks like when done right. 2. Explain your "why" with an executive summary. The executive summary details exactly why you're sending the proposal and why your solution is the best for the prospective client. Specificity is key here.
Having a template for a business plan lets you focus on the main aspects of your business operation, making it full and detailed for your investors. And PandaDoc will help a lot with this task, while such features as eSignature will help with making this small business plan template a real and verified source of the information. This free ...
Marketing plan: A strategic outline of how you plan to market and promote your business before, during, and after your company launches into the market. Logistics and operations plan: An explanation of the systems, processes, and tools that are needed to run your business in the background. Financial plan: A map of your short-term (and even ...
A business proposal is a document you'd send to a prospective client, outlining the service you're offering, and explaining why you're the best person for the job. It's a pitch by a business or individual to complete a specific job or project, to supply a service, or, in some instances, to be the vendor of a certain product.
Target market & opportunity: Define your customers and the potential market size. The solution: Describe the product or service that addresses the identified problem. Traction and validation/roadmap: Outline the progress made so far and the future milestones and goals. EDIT THIS BUSINESS PLAN TEMPLATE.
Lean Business Plan Template PDF. This scannable business plan template allows you to easily identify the most important elements of your plan. Use this template to outline key details pertaining to your business and industry, product or service offerings, target customer segments (and channels to reach them), and to identify sources of revenue.
Project proposal template. A project proposal outlines the details of a specific project, including an executive summary, objectives, scope, timeline, and costs, submitted for approval or funding. It's essentially a wishlist of how you plan to spend someone else's money. Best used for: Securing funding or approval for a project.
Describe Your Services or Products. The business plan should have a section that explains the services or products that you're offering. This is the part where you can also describe how they fit ...
This one-page business plan is ideal for startup companies that want to document and organize key business concepts. The template offers an easy-to-scan layout that's ideal for investors and stakeholders. Use this plan to create a high-level view of your business idea and as a reference as you flesh out a more detailed roadmap for your business.
This section of your simple business plan template explores how to structure and operate your business. Details include the type of business organization your startup will take, roles and ...