TeamĪs a small business, you're probably working with a small team of people who are equally driven to provide customers with the best products and services. In this portion of your presentation, you will introduce your team, the market you're trying to serve, the problems that currently exist, and how you're going to create opportunities given these problems. Market summary dives deeper into your identity as a business. What sets you apart? How are you changing the market? - Market Summary In this slide, you can show clients and investors how your business is different from other similar business in the market. It should be clear to clients and investors the kind of business that you're trying to build and that they're associating themselves with. Mission StatementĪ mission statement is a summary of your goals and values as a business and organization. You can also include a subtitle, which can be as simple as "2018 Startup Business Plan" or as descriptive as a short tagline that you think best represents your business. On this slide, place the name of your business as the title. Of course, you need to start your presentation with the title page. Now that you know the importance of creating and presenting your small business plan, here is a comprehensive overview of the components that should be in a small business plan: Components of our Small Business Plan Template You should be able to present your ideas in an organized manner so that they can understand your strategy as a small business owner. Therefore, you need to present to them a business plan that will show them just how you're going to achieve growth. They want to be certain that your business will be profitable. Investors only put their money in places where they are sure to expect returns. Forecasting expenses, profits, and return on investment is part of financial planning. How are you going to spend your money? How much will you spend on product development? On marketing? On distribution? On rent? On labor? By creating a solid business plan, you will have a clear idea of where each cent is going so that investors will also see where their money is being spent. 3- Financial PlanningĪside from market analysis and strategy formulation, you will also need to plan your finances.
#Simple business plan template free download word how to#
You will have a broader view of how to navigate the challenges of being a small business owner so you can be prepared no matter what comes your way. With this strategy, you are able to focus your efforts on your goals, prioritize tasks, pinpoint the best options, and work out the details. 2- Strategy FormulationĪfter analyzing the market and understanding trends, customers, competitors, and pitfalls, you will be able to formulate a strategy that best fits your business. Therefore, you can avoid the same pitfalls to ensure your success better. You may encounter a business (or a few) that hasn't been as successful as the rest, and you will see the reasons why this business ultimately failed. What influences demand? What are the current trends that drive the market? While performing market analysis, you will also be able to learn from others' mistakes. You need to observe and analyze the market, including your competitors and target customers. Part of preparing a business plan is market analysis. These are the four benefits of having a business plan: 1- Market Understanding Benefits of a Business Plan for Small Businessesīefore diving into the components of our small business plan template, let's first discuss the benefits of having a solid strategy for your small business. This way, you will be able to execute your plan towards success in your entrepreneurial path. With our small business template, you will have the tool that you need in order to present your ideas to the world. You should not neglect the importance of a business plan and how you can best present it to clients and potential investors. As a small business owner, your focus must always be towards growth, and you can only grow as a business by having a clear plan with a specific set of objectives that you hope to achieve in the coming years.