A smart business plan outlines the roadmap that you'll diligently follow (and undoubtedly evolve) for the first few years of your venture.
The business plan itself will not only be used to help you secure funding and share your vision with key stakeholders, but it will also help you identify processes and strategies that will be crucial to your success.
There's also a step-by-step guide for writing a business plan, and Bplans provides a library of sample business plans to ensure you're on the right track.
MOBI, or My Own Business Institute, is part of Santa Clara University's Center for Innovation and Entrepreneurship.
They offer a business plan template consisting of 15 sections that include the business profile, licenses/permits and location. MOBI provides helpful suggestions for how to fill in each section as well who should review it.
One of the cool things about the SCORE business plan template is that once you've completed it, you can meet with a SCORE mentor for expert advice in business planning.
Important: When you paste a chart object into your business plan, make sure to "Paste as a Picture" because pasting the chart as an embedded object means that the entire spreadsheet becomes embedded in your Word document (even though what you see is only the chart).
If you want to insert a table into Word as a "Linked Object" so that when you edit Excel, the table in Word will update automatically, you may have a more difficult time preserving the formatting of the original.
This highly-experienced team understands the information that business readers are looking for, what’s unique and impactful, and how to distil key ideas into actionable insights.
One of the reasons that so many small businesses fail is that they don't do the necessary up front work to create an accurate and realistic business plan.