Free Small Business plan Template Excel |
Free Small Business plan Template Excel
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road-map (a plan) that provides direction to the business.
Written business plans are often required[by whom?] to obtain a bank loan or other kind of financing. Existent templates and guides, such as the ones offered in the United States by the Small Business Administration can be used to facilitate producing a business plan.
Please consult your accountant for advice on completing the business plan and related financial spreadsheet.
- Describe the program including its primary features, advantages, benefits and unique features.
- Provide a justification that the plans are credible ( results of research that indicate the need academically and from the market), how certain is the income and how has it been assessed.
- Staffing plans, including the expertise that will be needed to build the program and whether these are existing or new staff.
- How is the program to be marketed and the costs of this?
- Consider the competition. Financial plans, including costs to set up and run the program, expected revenue, budgets for each of the first three years.
- Provide a sensitivity analysis, eg if income is less than expected how will this be addressed (reducing costs or seeking other sources of income)?
- What are the risks and rewards associated with the proposal?
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