A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like.
Cons of using a business plan template: While there are benefits to using a business plan template, depending on your situation it may not be the best way to complete your plan. For instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself.
You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place.
So, if you don’t already know what you’re doing with the numbers, the process of writing your business plan may not be that much easier with a template.
However, for a small business, it's best to keep the plan short and concise, especially if you intend to submit it to bankers or investors.
Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logos, business premises or site plans, etc.
However, if you’re new to business planning and just want to get a sense of what a plan looks like and want to get the process started quickly and cheaply, then downloading a free template is the best way to get started.
A corporate business plan for a large organization can be hundreds of pages long.
In addition to all the complete sample plans, Live Plan includes example content for every text item in your business plan.
Browse through a few examples to get an idea of how others have worded their executive summary, for instance, or other key aspects of the business plan.