Many business owners dive into starting a business. This is great. Most entrepreneurs do have a good ability to assess and take risk. However, as an entrepreneur, you have more on your plate than the normal person. You also know the power of a plan and business plan template is your starting point.
Why a Business Plan Is Essential
As a business owner you likely have a lot of ideas. You also have a lot of responsibilities and business tasks to take care of. This of course is coupled with all of your other responsibilities. It can be extremely challenging to balance it all. This is where a business plan can be so valuable.
Your business plan can outline your vision, mission, and goals. It can include your schedule for working on your business, your content plan and anything else that will help you grow your business into what you’ve envisioned.
A business plan doesn’t need to be formal or written for anyone other than you. This means you can create a plan that supports you.
Business Plan Template
Below is the business plan template from the How to Write a Business Plan Course Workbook. As you can see a business plan does not have to be 100 pages. However, your plan must cover these areas:
- Pick Your Online Business Model
- Market Research Summary
- Write Your Unique Value Proposition
- Write Your Elevator Speech
- Goal Setting Worksheet – Long Term
- Goal Setting Worksheet – Short Term
- Immediate Goals (Daily to Weekly)
- Marketing Plan
- Potential Obstacles
- Action Plan
- Profitability Analysis
- List of Possible Fixed and Variable Expenses
- Profitability- Detailed Analysis