Business Planning Templates
No matter what stage your business is at, you can download our most popular proven tools online for free. All business plan templates are Microsoft Word or Excel compatible with additional guidance notes to aid completion to a professional standard.
These documents are already in use by over 120,000 entrepreneurs in the United Kingdom and around the world.
They're primarily structured to secure bank loans although other investments are also satisfied. Browse additional tools, training courses, and downloads developed from our experience of assisting corporations at an enterprise level.
Business Plan Blueprint & Completion Guidance
Follow along with the Teneric consultants as they show you how to complete your plans in seven steps via email. This highly rated course has practical advice on how to complete each section of the planning cycle including examples from successful businesses.
- Sign up for the email based business planning training course
- Download the MS Word business plan template
- Visualise the structure of a plan
Your completed plan defines your success criteria from starting up to making a profit. Be specific and concise with the details of your document. Any potential investors may simply scan your summary rather than read every page. Your financial forecasts are important as these show how you'll make money from your products.
Think about your target audience that could include investors, customers, staff, employees, and a personal checklist for yourself. You may need to adapt pricing or financial action plans to take account of confidential information.
Why is Your Business Plan Important?
You may believe completing your plan is more of an academic exercise or something your bank requires for a business loan. But if you create yours correctly it'll help guide you on your forecasted growth path and assist in identifying areas for improvement.
- Shows a clear path to follow from startup to profitability.
- Outlines exactly how you generate revenues and profits.
- Is essential for loan or investment requirements.
- It acts as a communication tool for your key staff.
- Provides clear strategic goals to drive the business vision.
- Enables you to measure progress against your objectives.
- Ensures all elements of your business get carefully planned.
By methodically completing each section that a business plan encompasses ensures that you'll formulate a plan for everything required in developing a successful business.
Top Tips On Completing Your Plan
Once you're ready to get started, the tips below improve your chances of producing a credible document that you can use to drive your ideas forward.
Get Straight to the Point
People do not want to wade through pages of words that add little to the core purpose of your strategy. You should be concise but ensure all critical sections receive a comprehensive analysis. Add material that provides additional detail to some sections as an appendix.
Produce Realistic Financial Projections
There's nothing worse than over-optimistic revenue and profit projections that are unlikely to be achieved. If you're seeking a loan, show how the money is being used to accomplish your objectives.
Format Your Document Professionally
Banks and investors review hundreds of plans each year and are expecting a professional document that follows a prescribed format. You need to produce what they're expecting.
- Use a consistent style and font throughout.
- Spelling and grammar should be error-free.
- Ensure it's easy to follow and read.
- Place each section in the right sequence.
- Insert unique charts and graphics.
Show You Understand Your Customers
You should clearly demonstrate a clear understanding of your customer demographics and the market potential. Any new business entering a market for the first time has to display clear benefits of how they satisfy their customer needs.
Get Others to Review Your Work
Once you're close to completion, ask friends or colleagues to read your document and financial projections. This final check helps:
- Check readability and document flow.
- Question your assumptions.
- Highlights areas you may have missed.
Many profitable businesses fail because they run out of Working Capital, or cash. Your plan illustrates the timings for when profits become viable, and cash is positive. Your projections may change your strategy if success comes later than you first anticipated.
Below you'll find detailed guides on the information required before, during, and after you've started your business. These helpful articles help chart your progress through to successful completion.
Before You Start Writing
Before you put pen to paper, you should research your proposed marketplace thoroughly to understand the competitive landscape to analyse pricing strategies, customer demographics, and promotional activities.
By investing time in preparing the information required ensures finalising your plan is faster and more accurate.
During the Development Phase
Once your background research is complete, you're ready to develop the most critical sections of your plan. Remember you may have to adjust any assumptions made over time as business plans are dynamic by nature.
A fundamental part of creating objectives evolves from creating a detailed SWOT analysis that highlights market opportunity gaps while allowing you to build on your strengths and mitigate weaknesses.
Once the detail is complete, you can create the executive summary to introduce and sell your ideas. The summary represents your first opportunity to pitch your ideas to investors, so it should actively communicate how and why you're going to succeed.
Sales & Marketing Guides
Marketing should be at the heart of any successful long-term strategy. These guides help incorporate promotional activities into your DNA and hone your communication skills with your customers.
You're free to publish or circulate these documents to your friends and business colleagues under the standard Creative Commons licence terms. Please credit Teneric as the original author.