If you’ve worked on your business plan and think it’s fabulous, then why not get some extra marketing for yourselves by entering our business plan awards competition.
It’ll be judged on the following
1 – Spelling and Grammar
2 – Financial Accuracy
3 – Best explanation of its business and strategy
4 – Shows best offer to Investors
Judges and Prizes announced soon – watch this space!
1 Ask yourself why you need a plan. Is it going to be a sales pitch? Who are you selling to? Is it for insiders or outsiders?
2 After you’ve defined who the plan is for, ask yourself, what do they already know about your business?
3 Make a list of all the products and/or services you are offering
4 Research all of your competitors, note their promotions, their offers, their USPs and their current clients if you can.
5 List all of your expenses, take time, think about how much you spend a day, a week and a month, look at old statements.
6 Try and get as much information as possible about what the industry standard is. Think about your placement in the industry and where you expect to be.
We were surprised by how many people list ‘have a business card design’ on their accomplishments list on their business plan. A good business card may indeed lead to more sales but it is not a priority and certainly not an accomplishment. We thought we’d had better weigh out the pros and cons for you in a full article – with a cartoon of course!
We then went one step further. Read more here: Do I need a Business Card?
Business plans can be templated because the people who read them expect them to conform to a certain structure.
There are 5 main sections that an investor will want to see. These are:
The Executive Summary
Products and Services
Target market and competition
Marketing
Financial Plan
Our free business plan templates and software guide you through each of these steps with samples, help tabs, community support and video tutorials.
Gone are the days of struggling to make sense of your finances on your own or hiring accountants to sort it out for you. Financial forecasts can be simple – or difficult, depending on the type of business and services you have. Thanks to our financial forecast template tool, we can generate a cashflow graph from whatever data you can give – no maths. No spreadsheets.
Like everything we do, our templates only work if you know your business inside out. The financial forecast needs that more than anything. So get your numbers in your hand, or on paper, and then use our template (online builder) and let our online tool generate everything for you.
The first thing to note about the difference between templates and software, is that software usually costs money, and templates are either free or affordable. This however, is not a good enough reason to go with a business plan template. There are many questions you need to ask before going head-on into either journey, and you need to weigh up the pros and cons of both software and templates. Read on for our full comparison.